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Exploring the Role of the Real Exchange Rate in Australian Monetary Policy

Dennis, Richard - 2005

An important issue in small open-economies is whether policymakers should respond to exchange rate movements when they formulate monetary policy. Micro-founded models tend to suggest that there is little to be gained from responding to exchange rate movements, and the literature has largely...

Persistent link: https://www.econbiz.de/10014065350

Monetary Policy Transmission Mechanisms and Currency Unions : A Vector Error Correction Approach to a Trans-Tasman Currency Union

Haug, Alfred A.; Karagedikli, Özer; Ranchhod, Satish - 2006

the similarity of transmission mechanisms in New Zealand and Australia and consider the implications this has for a … using this methodology for New Zealand and Australia remain quite fragile, our analysis nevertheless suggests that the … transmission mechanisms in New Zealand and Australia do display many similarities. In particular the adjustments of both GDP and …

Persistent link: https://www.econbiz.de/10014083025

A Maximum Probability Approach to Short-Run Monetary Policy

Von zur Mühlen, Peter; Tinsley, Peter A. - 2022

The optimal control literature traditionally analyzes linear-quadratic Gaussian (LQG) formulations of macroeconomic policy design where policy planers seek to minimize the distance between a direct target vector y and a vector of aspiration levels y*, using a suitably dimensioned matrix M as a...

Persistent link: https://www.econbiz.de/10013403661

Does talk matter after all? : Inflation targeting and central bank behavior

Kuttner, Kenneth N.; Posen, Adam Simon - 1999

three countries that adopted inflation targets in the early 1990s: The United Kingdom, Canada, and New Zealand. For all … in counter-inflationary conservatism. The results for Canada are less clear, perhaps reflecting the broader fiscal and …

Persistent link: https://www.econbiz.de/10009768267

Would Adopting the Australian Dollar Provide Superior Monetary Policy in New Zealand?

Drew, Aaron; Hall, Viv; McDermott, C. John; St. Clair, … - 2002

Counterfactual experiments with the Reserve Bank of New Zealand's core model provide some insight into the implications for New Zealand's economic performance over the 1990s, had it credibly fixed its currency to the Australian dollar. If New Zealand had faced the relatively more stimulatory...

Persistent link: https://www.econbiz.de/10014112456

Die Währungsunion zwischen Australien, Neuseeland und dem Vereinigten Königreich : Arbeitsweise, Zersplitterung und Zerfall

Decker, Frank - In: Jahrbuch für Wirtschaftsgeschichte 63 (2022) 2, pp. 375-407

This article examines the monetary arrangements between Australia, New Zealand and the United Kingdom from the 1820s to …

Persistent link: https://www.econbiz.de/10013447598

Monetary policy and interest rates under inflation targeting in Australia and New Zealand

Berument, Hakan; Froyen, Richard T. - In: New Zealand economic papers 49 (2015) 2, pp. 171-188

Persistent link: https://www.econbiz.de/10011405135

Monetary policy under alternative exchange rate regimes in Central and Eastern Europe

Ziegler, Christina Elisabeth - 2012

Monetary policy in CEE is an important determinant in the wage bargaining process, because trade unions have to predict inflation as one component of future real wages. This paper scrutinizes whether countries in CEE that officially announce an inflation target are tempted to act...

Persistent link: https://www.econbiz.de/10009503785

Ex-Post Evaluation of Monetary Policy

Argov, Eyal - 2012

We employ a model-based approach in an ex-post evaluation of monetary policy decisions taken by the Bank of Israel during the years 2001-2010. Using ex-post information, we test, for each individual year, whether there could have been a Pareto improvement in inflation and output volatilities....

Persistent link: https://www.econbiz.de/10013098745

Macroeconomic Effects of Inflation Targeting in Advanced and Emerging Market Economies

Chugunov, Igor - 2020

The article assessed the treatment effects of targeting inflation regime on the real output and consumer inflation persistence in both advanced and emerging market economies. An empirical analysis is based on data from 35 OECD and 40 emerging countries and covers inflation and non-inflation...

Persistent link: https://www.econbiz.de/10012833425