The relationship between interest rates and exchange rates is puzzling and poorly understood. But under some standard assumptions, interest rates can be adjusted to smooth real exchange rate movements at the possible price of increased volatility in other variables. In New Zealand, estimates made under some generous suppositions about what monetary policy is able to accomplish suggest that decreasing real exchange rate volatility by about 25% would require increasing output volatility by about 10-15%, inflation volatility by about 0-15% and interest rate volatility by about 15-40%.
We investigate the time-series properties of Australian and New Zealand real interest rates within a...
The close integration of Australian and New Zealand financial markets and the similarity of the mone...
This paper examines the degree of pass-through and adjustment speed of retail interest rates in resp...
The relationship between interest rates and exchange rates is puzzling and poorly understood. But un...
This paper analyses the implications of uncovered interest parity for departures of the exchange rat...
This paper examines the exchange rate effects of monetary policy shocks in New Zealand in the framew...
vii, 66 pagesThis thesis examines the impact of monetary policy shock on the exchange rate in New Ze...
This paper examines the exchange rate effects of monetary policy shocks in New Zealand in the framew...
This study investigates the effects of monetary policy shifts in New Zealand and Australia on the Ne...
The theoretical framework of this research is based on a hybrid New Open Economy Macroeconomic (NOEM...
The philosophy underlying New Zealand's monetary policy, since the introduction of the 1989 Reserve ...
We use the Reserve Bank of New Zealand's macroeconomic model (FPS) to look at the feasibility of usi...
We investigate the time-series properties of Australian and New Zealand real interest rates within a...
This paper examines the relative size of the effects of New Zealand monetary policy and macroeconomi...
This article draws together some of our recent exchange rate research. The research is interpreted a...
We investigate the time-series properties of Australian and New Zealand real interest rates within a...
The close integration of Australian and New Zealand financial markets and the similarity of the mone...
This paper examines the degree of pass-through and adjustment speed of retail interest rates in resp...
The relationship between interest rates and exchange rates is puzzling and poorly understood. But un...
This paper analyses the implications of uncovered interest parity for departures of the exchange rat...
This paper examines the exchange rate effects of monetary policy shocks in New Zealand in the framew...
vii, 66 pagesThis thesis examines the impact of monetary policy shock on the exchange rate in New Ze...
This paper examines the exchange rate effects of monetary policy shocks in New Zealand in the framew...
This study investigates the effects of monetary policy shifts in New Zealand and Australia on the Ne...
The theoretical framework of this research is based on a hybrid New Open Economy Macroeconomic (NOEM...
The philosophy underlying New Zealand's monetary policy, since the introduction of the 1989 Reserve ...
We use the Reserve Bank of New Zealand's macroeconomic model (FPS) to look at the feasibility of usi...
We investigate the time-series properties of Australian and New Zealand real interest rates within a...
This paper examines the relative size of the effects of New Zealand monetary policy and macroeconomi...
This article draws together some of our recent exchange rate research. The research is interpreted a...
We investigate the time-series properties of Australian and New Zealand real interest rates within a...
The close integration of Australian and New Zealand financial markets and the similarity of the mone...
This paper examines the degree of pass-through and adjustment speed of retail interest rates in resp...