Karunaratne, Neil Dias - 2012
Keynesians in Australia. The adoption of Inflation Targeting in 1993 as the sole instrument for implementing monetary policy … for Australia, using the Markov Regime Switching Heteroscdasticity (MRSH) model. The emprical results of the MRSH model … for Australia, run against the grain of Friedman's predictions on inflation dynamics.The paper also reports the various …