goods. The model is estimated for three small open economies: Australia, Canada, and the United Kingdom. The empirical …, expenditure switching by foreign distributors is comparatively small for Australia and Canada, since a larger fraction of … small for the United Kingdom, and comparatively large for Canada; the distribution margin in the United Kingdom is …

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 …