KARAGEDIKLI, ÖZER; LEES, KIRDAN - In: The Economic Record 83 (2007) 261, pp. 131-142
We test for evidence of asymmetric behaviour in the monetary policy reaction functions of the central banks of Australia and New Zealand. For the Reserve Bank of New Zealand, we found little evidence of asymmetric behaviour, whereas the Reserve Bank of Australia (RBA) appears to react more...