Since the 1960s, the field of open economy macroeconomics has been largely dominated by the Mundell-Fleming model and its perfect-foresight extension of Dornbusch (1976). When dealing with classical issues of international macroeconomics, including for instance the international transmission of...

University of Minnesota Ph.D. dissertation. July 2009. Major: Economics. Advisors: Timothy J. Kehoe, Fabrizio Perri. 1 computer file (PDF); x, 136 pages, appendices A-C.

Traditional macroeconometric models of the Australian economy estimate the behaviour of wage and price inflation separately, thereby ignoring the possibility that there is a contemporaneous relationship between these two variables. This thesis follows a recent trend emerging in other small open...

We use the All Ordinaries Index and the corresponding Share Price Index futures contract written against the All Ordinaries Index to estimate optimal hedge ratios, adopting several specifications: an ordinary least squares-based model, a vector autoregression, a vector error-correction model...