Cultural advice

The Australian National University acknowledges, celebrates and pays our respects to the Ngunnawal and Ngambri people of the Canberra region and to all First Nations Australians on whose traditional lands we meet and work, and whose cultures are among the oldest continuing cultures in human history.

Aboriginal and Torres Strait Islander peoples are advised that ANU Library collections may include images, names, voices, and other representations of deceased persons.

Material in the collection may contain terms, language or views that reflect the period in which the item was created and may be considered inappropriate today.

How misaligned is the Australian real exchange rate?

Thumbnail Image

Date

2001-08-07

Authors

Chand, Satish

Journal Title

Journal ISSN

Volume Title

Publisher

Crawford School of Economics and Government, The Australian National University

Abstract

This paper uses quarterly data from September 1981 to December 2000 to quantify the extent to which the Australian real exchange rate is misaligned relative to its long-run equilibrium value. Our modelling suggest, that as of December 2000, the real exchange rate was seven percent below its equilibrium value; this figure is modest in comparison to purchasing power parity indicators that suggest considerably greater misalignment. Furthermore, once short-run dynamics are accounted for, even this anomaly disappears.

Description

Keywords

exchange rates, Australia, misalignments

Citation

Chand. S. (2001). How misaligned is the Australian real exchange rate?. International and Development Economics Paper 01-2. Canberra, ACT: Crawford School of Economics and Government, The Australian National University.

URI

http://hdl.handle.net/10440/1236

Collections

Other Publications by Crawford School of Public Policy

Source

Type

Working/Technical Paper

Book Title

Entity type

Access Statement

Open Access

License Rights

DOI

Restricted until

Downloads

File
Description
Chand_Misaligned2001.pdf (173.53 KB)

DSpace software copyright © 2002-2026 LYRASIS