This paper examines the impact of a monetary policy shock on output, prices, and the nominal effective exchange rate … main results suggest that an exogenous increase in the short-term interest rate tends to be followed by a decline in prices … variations in the short-term interest rate account for significant fluctuations in the nominal exchange rate and prices, while …

This paper uses a two-sector model to estimate the relationship between prices, money, and the exchange rate in … monetary aggregates, domestic prices, real income, and foreign interest rates. In addition, the error-correction model shows …

prices. …

Commodities have been central to structural change in the Australian economy with the 2000s expansion of mining seen as … are not mobile between countries is relaxed, it is observed that the commodities boom which under-pinned Australia's rapid … phase for commodities with a structural shift towards other sectors, even if it meant Australia shifted from leading to …