This paper re-examines empirical exchange rate puzzles by focusing on three OECD economies (Australia, Canada, and New … Zealand) where primary commodities constitute a significant share of their exports. For Australia and New Zealand especially …

interest rates to policy announcements—on the exchange rate in Australia, Canada, and New Zealand during the 1990s. The main … results are that (1) on average, a 100 basis point contractionary shock will appreciate the exchange rate by 2-3 percent on …

Labor markets in Australia have adjusted smoothly to significant declines in commodity prices with little increase in …

for Australia and New Zealand. The baseline results using data and mediumterm projections available as of October 2008 …

. The relationship between these variables is theoretically ambiguous: an adverse transitory terms of trade shock can either …

Chile, the United States, Canada, Australia, New Zealand, and five European countries. Overall, Chile''s pass-through does …

This paper analyzes the factors driving house prices in Australia from a cross-country perspective using several … approaches. It uses a cointegration technique to estimate the long-run equilibrium house prices in Australia, New Zealand, and … Canada and assesses the extent of a possible disequilibrium. It also presents an event analysis to shed some light on the …