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Australian Monetary Policy in the Last Quarter of the Twentieth Century

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  • Macfarlane, I J
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    Abstract

    This paper was delivered as the 1998 Shann Memorial Lecture. It describes the evolution of Australia's monetary policy over the past 25 years. It focuses on three aspects of this development: first, improvements to the institutional structure; second, the search for the optimal policy framework; and third, the issue of central bank independence. Particular attention is paid to the period between the end of monetary targeting (1985) and the introduction of inflation targeting (1993). Copyright 1999 by The Economic Society of Australia.

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    Bibliographic Info

    Article provided by The Economic Society of Australia in its journal The Economic Record.

    Volume (Year): 75 (1999)
    Issue (Month): 230 (September)
    Pages: 213-24

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    Handle: RePEc:bla:ecorec:v:75:y:1999:i:230:p:213-24

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    Cited by:
    1. Khorshed Chowdhury, 2011. "Dynamics, Structural Breaks and the Determinants of the Real Exchange Rate of Australia," Economics Working Papers wp11-11, School of Economics, University of Wollongong, NSW, Australia.
    2. Chowdhury, Khorshed, 2012. "Modelling the dynamics, structural breaks and the determinants of the real exchange rate of Australia," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 22(2), pages 343-358.
    3. Felmingham, Bruce & Zhang, Qing, 2001. "The Long Run Demand For Broad Money in Australia Subject to Regime Shifts," Australian Economic Papers, Wiley Blackwell, vol. 40(2), pages 146-55, June.
    4. Felmingham, B. & Zhang, Q., 2000. "The Long Run Demand for Broad Money in Australia Subject to Regime Shifts," Papers 2000-07, Tasmania - Department of Economics.
    5. Rushdi, Mustabshira & Kim, Jae H. & Silvapulle, Param, 2012. "ARDL bounds tests and robust inference for the long run relationship between real stock returns and inflation in Australia," Economic Modelling, Elsevier, vol. 29(3), pages 535-543.

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