Australia's Real Exchange Rate–Is it Explained by the Terms

Is it Explained by the Terms of Trade or by Real Interest Differentials?

As part of the deregulation of Australia's financial markets, the Australian dollar was floated in December 1983. The real exchange rate', after having been ...

Introduction | RDP 9108: Australia's Real Exchange Rate

In this paper we assess empirically whether, over the time periods we consider, Australia's real exchange rate is explained by the terms of trade, by real ...

Australia's Real Exchange Rate–Is it Explained by the Terms of ...

We find weak evidence of a stable relationship between the Australian real exchange rate and the terms of trade from 1969 to 1990.

Australia's Real Exchange Rate – Is it Explained by the Term

We find weak evidence that the real exchange rate exhibits a stable long run relationship with the terms of trade. There is no stable long run relationship ...

Australia's Real Exchange Rate–Is it Explained by the Terms

David W. R. Gruen & Jenny Wilkinson, 1994. "Australia's Real Exchange Rate–Is it Explained by the Terms of Trade or by Real Interest Differentials?," The ...

Australia's real exchange rate - Is it explained by the terms of trade ...

(1) As these studies recognize, in a small open commodity exporting economy such as Australia, the real exchange rate should respond to movements in real ...

Australia's real exchange rate - is it explained by the terms of trade ...

Australia's real exchange rate - is it explained by the terms of trade or by real interest differentials? -book.

Understanding the appreciation of the Australian dollar and its policy ...

From a real economy perspective, a rise in commodity export prices raises the equilibrium real exchange rate because it leads to increased ...

Australia's Exchange Rate | Study.com

An exchange rate is the cost of a country's currency in terms of another currency. Australia's rate is a floating exchange rate, which means that the actual ...

CHAPTER 5 Exchange Rate Policy in Advanced Commodity ...

χ (quarterly) is the logarithm of the terms of trade, National Accounts definition, for Australia. ... Australia's real exchange rate and its terms of trade. They ...

A generation of an internationalised Australian dollar1

Attempts to find a role for variables other than the terms of trade in explaining movements in. Australia's real exchange rate have generally proven less ...

What Is the Real Effective Exchange Rate (REER) and Its Equation?

The real effective exchange rate (REER) is the weighted average of a country's currency in relation to an index or basket of other major currencies.

Can the Australian exchange rate still be considered a commodity ...

commodity exports in Australia's trade balance given as an explanation. Key studies have concluded that Australia's terms of trade are a primary driver of the ...

Commercial policy, the terms of trade and the real exchange rate ...

Australia's real exchange rate — is it explained by the terms of trade or by real interest rate differentials? Reserve Bank of Australia Research Discussion ...

5.14 Monetary policy and the exchange rate - CORE Econ

If Australia's exchange rate, e, increases, you need more Australian dollars to buy one US dollar. For an Australian buying imported goods made in the USA (or ...

Australia's Real Exchange Rate-Is it Explained by the Terms of ...

Australia's Real Exchange Rate-Is it Explained by the Terms of Trade or by Real Interest. Differentials?* DAVID W. R. GRUEN and JENNY WILKINSON. Economic ...

Question #645 - Bill Mitchell

True · The amount of Australian currency that is necessary to purchase one unit of the US currency ($US1) can be expressed. · movements in the exchange rate, ee; ...

The Dynamics of the Real Exchange Rate and Current Account in a ...

The underlying movements in the equilibrium real exchange rate – NATREX – in Australia are explained by the evolution of the fundamentals. They are: the terms ...

1 Commodity Currencies and the Real Exchange Rate in

Wilkinson, 1994, “Australia's Real Exchange Rate—Is It Explained by the Terms of Trade or by Real Interest Differentials?” Economic Record, Vol. 70 (June) ...

Purchasing Power Parity Puzzle and the Australian Dollar Real ...

Gruen, D.W.R., Wilkinson, J.: Australia's Real Exchange Rate Is It Explained by the Terms of Trade or by Real Interest Rate Differential? The Economic ...