Understanding the appreciation of the Australian dollar and its policy implications
AbstractThe Australian dollar has appreciated strongly over the past decade, leading to increased concerns over the impacts of the high exchange rate on trade-exposed sectors of the economy. This paper examines the underlying drivers of this rise, the exchange rate’s role as a macroeconomic shock absorber and the implications of various policy options that might be directed at reducing the exchange rate.
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Bibliographic InfoArticle provided by Treasury, Australian Government in its journal Economic Roundup.
Volume (Year): (2012)
Issue (Month): 2 (August)
trade-exposed industries; real exchange rates;
Find related papers by JEL classification:
- F31 - International Economics - - International Finance - - - Foreign Exchange
- O24 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
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