that have relatively similar backgrounds and tax systems: Australia, Canada, New Zealand, the UK, and the US. The first …

-round integration of two economies. Empirically, such a constellation is found between Australia and New Zealand, whereas diverging … trends in money and interest rates characterise the relation of Australia towards the US. …

main focus is the conduct of monetary policy in Australia, Canada, New Zealand and the U.K., as measured by nominal … respond to exchange rates. The main result of this paper is that the central banks of Australia, New Zealand and the U.K. do … not, whereas the Bank of Canada does include the nominal exchange rate in its policy rule. This result is robust for …

This paper investigates the impact of exchange rate movements on the conduct of monetary policy in Australia, Canada … exchange rate process are examined. The results indicate that the Reserve Bank of Australia, the Bank of Canada and the Bank of …