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(Australia, Canada, and New Zealand) place somewhat different emphasis on inflation than on other factors (e.g., output gap). We …
Persistent link: https://www.econbiz.de/10014070530
We examine the evolution of monetary policy rules in a group of inflation targeting countries (Australia, Canada, New … high inflation, such as in the UK or Australia at the beginning of the 1980s. Contrary to common wisdom, the response …
Persistent link: https://www.econbiz.de/10008688990
Under a flexible inflation targeting regime, should policymakers avoid any reaction to movements in the foreign exchange market? Using data for six advanced open economies explicitly targeting inflation, the paper examines empirically whether real exchange rate disequilibria systematically...
Persistent link: https://www.econbiz.de/10012780739
activity for New Zealand. To provide a basis for comparison, data from Australia and the US are also considered. Many studies …, especially of the inflation targeting variety. Both Australia and New Zealand have been targeting inflation for a number of years …-term interest rates well in either Australia or US data. However, when there are large policy "shocks" from abroad, such as the US …
Persistent link: https://www.econbiz.de/10014177904
This paper studies the Great Inflation in Canada, Australia, and New Zealand. Newspaper coverage and policymakers … delegated inflation control to nonmonetary devices. This hypothesis helps explain why, unlike Canada, Australia and New Zealand …
Persistent link: https://www.econbiz.de/10014063549
interest rates to policy announcements - on the exchange rate in Australia, Canada, and New Zealand during the 1990s. The main …
Persistent link: https://www.econbiz.de/10013317851
We show that the FX impact of monetary policy has been growing significantly. We use a high-frequency event study of the joint response of fixed income instruments and exchange rates to monetary policy news from seven major central banks spanning 2004-2015. News affecting short maturity bonds...
Persistent link: https://www.econbiz.de/10012958823
We show that the FX impact of monetary policy has been growing significantly. We use a high-frequency event study of the joint response of fixed income instruments and exchange rates to monetary policy news from seven major central banks spanning 2004-2015. News affecting short maturity bonds...
Persistent link: https://www.econbiz.de/10012962972
We examine the evolution of monetary policy rules in a group of inflation targeting countries (Australia, Canada, New … high inflation, such as in the UK or Australia at the beginning of the 1980s. Contrary to common wisdom, the response …
Persistent link: https://www.econbiz.de/10010322229
Persistent link: https://www.econbiz.de/10001566054