IDEAS home Printed from https://ideas.repec.org/a/cii/cepiei/2006-1td.html
   My bibliography  Save this article

Les regimes monetaires en Australie, 1977-2000 : une mise en perspective a l’aide d’un indicateur de distorsion du taux de change reel

Author

Listed:
  • Jean-François Hoarau

Abstract

L’objectif de cet article est d’analyser le comportement, à long terme, du taux de change reel effectif australien de 1977 au 2eme trimestre 2000. Dans un premier temps, un taux de change reel d’equilibre pour le dollar australien est estime a partir d’un ensemble de fondamentaux reels par le biais des methodes de cointegration (le maximum de vraisemblance et les moindres carres dynamiques). Dans un second temps, un indicateur de distorsions du dollar australien est deduit de ces estimations. Il apparait alors que, contrairement au discours communement tenu dans les cercles politiques australiens, le systeme de change flexible, instaure en decembre 1983, n’a pas ete capable de contenir les tensions sur le taux de change. En effet, il a fallu la mise en place du policy mix alliant la flexibilite impure des changes et le ciblage d’inflation a la fin de 1992 pour garantir l’equilibre.

Suggested Citation

  • Jean-François Hoarau, 2006. "Les regimes monetaires en Australie, 1977-2000 : une mise en perspective a l’aide d’un indicateur de distorsion du taux de change reel," Economie Internationale, CEPII research center, issue 105, pages 85-112.
    • Handle: RePEc:cii:cepiei:2006-1td
    as

    Download full text from publisher

    File URL: http://www.economieinternationale.fr/francgraph/publications/ecointern/rev105/rev105d.htm
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Fabien Candau & Michaël Goujon & Jean-François Hoarau & Serge Rey, 2014. "Real exchange rate and competitiveness of an EU's ultra-peripheral region: La Reunion Island," International Economics, CEPII research center, issue 137, pages 1-21.

    More about this item

    Keywords

    Taux de change reel d’equilibre; mesalignement reel; cointegration; marches des changes; policy mix; regime de change;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • F00 - International Economics - - General - - - General
    • F3 - International Economics - - International Finance
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cii:cepiei:2006-1td. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/cepiifr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.