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Under a flexible inflation targeting regime, should policymakers avoid any reaction to movements in the foreign exchange market? Using data for six advanced open economies explicitly targeting inflation, the paper examines empirically whether real exchange rate disequilibria systematically...
Persistent link: https://www.econbiz.de/10014404206
Chile, the United States, Canada, Australia, New Zealand, and five European countries. Overall, Chile''s pass-through does …
Persistent link: https://www.econbiz.de/10014399635
interest rates to policy announcements—on the exchange rate in Australia, Canada, and New Zealand during the 1990s. The main …
Persistent link: https://www.econbiz.de/10014399930
Persistent link: https://www.econbiz.de/10009486293
The paper conducts a comparative study of the monetary policy transmission in two economies that run a well-established IT regime, Chile and New Zealand, vis-à-vis two economies operating under relatively newer IT regimes, and which are exposed to a significant degree of dollarization, Peru and...
Persistent link: https://www.econbiz.de/10014412189
Persistent link: https://www.econbiz.de/10012392467
In this paper, we argue that inflation targeting could be the future of Tunisia's monetary policy. Monetary targeting has proven to be ineffective due to the composition of reserve money, structural liquidity deficit, and higher instability of the money multiplier after 2010. Exchange rate...
Persistent link: https://www.econbiz.de/10012301899
The paper finds that, given New Zealand’s conservative approach in implementing the Basel II framework, New Zealand banks’ headline capital ratios underestimate their capital strength. A comparison with Canadian, UK and Australian banks highlights the impact of New Zealand’s more...
Persistent link: https://www.econbiz.de/10012671009
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 …
Persistent link: https://www.econbiz.de/10014399730
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 …
Persistent link: https://www.econbiz.de/10014403165