BJÖRKSTEN, NILS; KARAGEDIKLI, ÖZER; PLANTIER, CHRISTOPHER - In: The Economic Record 80 (2004) s1, pp. 34-34
It has been suggested that the New Zealand economy may have similar characteristics and face similar shocks to some Australian states, so lowering the costs of a trans-Tasman currency union. We test this, under the assumption that differences in Taylor rule-implied interest rate paths for...