Trans-Tasman shocks: A mediating role for the NZDAUD
AbstractWe examine the transmission of shocks between New Zealand and two regions of Australia, focusing on the role of the New Zealand-Australia cross exchange rate in mediating adjustment. The cross rate plays an equilibrating role in response to shocks impacting on New Zealand and to shocks impacting on the major Australian states (New South Wales and Victoria). It does not respond to shocks within the mineral-rich Australian regions (Western Australia, Queensland, Northern Territory). Regional cycles in Australia and New Zealand are unaffected by innovations to the cross rate. We assess the implications of these results for trans-Tasman currency union.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal New Zealand Economic Papers.
Volume (Year): 41 (2007)
Issue (Month): 2 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RNZP20
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Viv Hall & John McDermott, 2008.
"An Unobserved Components Common Cycle For Australia? Implications For A Common Currency,"
CAMA Working Papers
2008-11, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Hall, Viv B & McDermott, C John, 2011. "An unobserved components common cycle for Australasia? Implications for a common currency," Working Paper Series, Victoria University of Wellington, School of Economics and Finance 1548, Victoria University of Wellington, School of Economics and Finance.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.