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Keywords:Australia 

Working Paper
The information content of financial aggregates in Australia

This paper examines whether financial aggregates provide information useful for predicting the subsequent behavior of real output and inflation. We employ vector autoregression (VAR) techniques to summarize the information in the data, providing evidence on the incremental forecasting value of financial aggregates for forecasting real output and inflation. The in-sample results suggest that there are only a few situations in which knowledge of the aggregates helps forecast real output and inflation. We then test the forecast performance of the VAR systems for two years out-of-sample in order ...
FRB Atlanta Working Paper , Paper 96-14

Journal Article
Financial reform in Australia and New Zealand

Economic Review , Issue Win , Pages 9-24

Journal Article
Macroeconomic shocks and business cycles in Australia

A small vector autoregression model is estimated to assess how demand and supply shocks influence Australian output and price behavior. The model is identified by assuming that aggregate demand shocks have transitory effects on output, while aggregate supply shocks have permanent effects. The paper describes how Australian macroeconomic variables respond to demand and supply shocks in the short run and in the long run. It also finds that demand shocks are dominant in determining fluctuations in Australian output at a one-quarter horizon, but supply shocks assume the larger role at longer ...
Economic Review

Conference Paper
Australia's minerals production and trade: case study of a resource- rich developed country

Proceedings , Issue 1 , Pages 245-315

Conference Paper
Incentive conflict in deposit-insurance regulation: evidence from Australia

Proceedings , Paper 348

Conference Paper
Trade price shocks and insulation: Australia's experience with floating rates

Proceedings , Issue Sep

Working Paper
An analysis of the welfare implications of alternative exchange rate regimes: an intertemporal model with an application

We construct a two-period model of an open economy and use the model to analyze the welfare implications of fixed and floating exchange regimes. Consumers have perfect foresight and save by holding domestic and foreign bonds, which are chosen according to relative interest rates, deflated by the rate of devaluation of the domestic currency. The government produces a pure public good and finances its deficits by issuing money, domestic bonds, and by foreign borrowing. The government's bonds compete with private investment, which is entirely debt financed. Foreign exchange, i.e., foreign bonds, ...
International Finance Discussion Papers , Paper 273

Working Paper
Australian growth: a California perspective

Examination of special cases assists understanding of the mechanics of long-run economic growth more generally. Australia and California are two economies having the rare distinction of achieving 150 years of sustained high and rising living standards for rapidly expanding populations. They are suitable comparators since in some respects they are quite similar, especially in their initial conditions in the mid-19th century, their legal and cultural inheritances, and with respect to some long-term performance indicators. However, their growth trajectories have differed markedly in some ...
Pacific Basin Working Paper Series , Paper 2001-06

Journal Article
Ups and downs, down under

FRBSF Economic Letter

Conference Paper
Officially floating, implicitly targeted exchange rates: examples from the Pacific Basin

Proceedings

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Japan 6 items

Monetary policy - Australia 6 items

New Zealand 5 items

Banks and banking - Australia 4 items

Canada 4 items

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