six quarterly U.S. bilateral real exchange rates Australia, Canada, the euro, Japan, New Zealand and the United Kingdom …

economy compared to some of the OECD countries and see that, in fact, Australia has a "miracle economy". The comparisons are … it the Great Recession), but the Australian economy appears to be powering ahead. It is a miracle economy! Unlike most of … the OECD countries, Australia did not even have a recession. In this paper we study the behaviour of the Australian …