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mechanism and test the over-identifying restrictions for Australia, Canada, and New Zealand. For all three countries …
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mechanism and test the over-identifying restrictions for Australia, Canada, and New Zealand. For all three countries …
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interest rates to policy announcements - on the exchange rate in Australia, Canada, and New Zealand during the 1990s. The main … results are that (i) on average, a 100 basis point contractionary shock will appreciate the exchange rate by 2-3 percent on …
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