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How Costly is Exchange Rate Stabilisation for an Inflation Targeter? The Case of Australia

dc.contributor.authorCrosby, Mark
dc.contributor.authorKam, Timothy
dc.contributor.authorLees, Kirdan
dc.date.accessioned2015-12-07T22:45:10Z
dc.date.issued2008
dc.date.updated2016-02-24T12:00:38Z
dc.description.abstractThis paper quantifies the costs of mitigating exchange rate volatility within the context of a flexible inflation targeting central bank. Within a standard linear-quadratic formulation of inflation targeting, we append a term that penalises deviations in
dc.identifier.issn0013-0249
dc.identifier.urihttp://hdl.handle.net/1885/25499
dc.publisherBlackwell Publishing Ltd
dc.sourceThe Economic Record
dc.subjectKeywords: central bank; correlation; inflation; input-output analysis; Keynesian theory; numerical model; real exchange rate; Australasia; Australia
dc.titleHow Costly is Exchange Rate Stabilisation for an Inflation Targeter? The Case of Australia
dc.typeJournal article
local.bibliographicCitation.issue266
local.bibliographicCitation.lastpage365
local.bibliographicCitation.startpage354
local.contributor.affiliationCrosby, Mark, University of Melbourne
local.contributor.affiliationKam, Timothy, College of Business and Economics, ANU
local.contributor.affiliationLees, Kirdan, College of Business and Economics, ANU
local.contributor.authoruidKam, Timothy, u4166777
local.contributor.authoruidLees, Kirdan, u4650812
local.description.embargo2037-12-31
local.description.notesImported from ARIES
local.identifier.absfor140305 - Time-Series Analysis
local.identifier.absfor140212 - Macroeconomics (incl. Monetary and Fiscal Theory)
local.identifier.absfor140102 - Macroeconomic Theory
local.identifier.ariespublicationu9501697xPUB38
local.identifier.citationvolume84
local.identifier.doi10.1111/j.1475-4932.2008.00496.x
local.identifier.scopusID2-s2.0-64549134712
local.identifier.thomsonID000259147500005
local.type.statusPublished Version

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