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The Exchange Rate and Macroeconomic Policy in Australia

In: The Exchange Rate, International Trade and the Balance of Payments

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  • John Pitchford

    (Australian National University)

Abstract

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Suggested Citation

  • John Pitchford, 1993. "The Exchange Rate and Macroeconomic Policy in Australia," RBA Annual Conference Volume (Discontinued), in: Adrian Blundell-Wignall (ed.),The Exchange Rate, International Trade and the Balance of Payments, Reserve Bank of Australia.
    • Handle: RePEc:rba:rbaacv:acv1993-08
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    File URL: https://www.rba.gov.au/publications/confs/1993/pdf/pitchford.pdf
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    References listed on IDEAS

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    1. Arthur Grimes & Jason Wong, 1992. "The role of the exchange rate in New Zealand monetary policy," Proceedings, Federal Reserve Bank of San Francisco, pages 176-197.
    2. Stephen Turnovsky, 1979. "On the insulation properties of flexible exchange rates," Revue Économique, Programme National Persée, vol. 30(4), pages 719-746.
    3. Ronald Macdonald & Mark P. Taylor, 1992. "Exchange Rate Economics: A Survey," IMF Staff Papers, Palgrave Macmillan, vol. 39(1), pages 1-57, March.
    4. J. D. Pitchford, 1986. "The Australian Economy: 1985 and Prospects for 1986," The Economic Record, The Economic Society of Australia, vol. 62(1), pages 1-21, March.
    5. Pitchford, J. D., 1989. "Optimum borrowing and the current account when there are fluctuations in income," Journal of International Economics, Elsevier, vol. 26(3-4), pages 345-358, May.
    6. Makin, Tony, 1990. "The Real Federal Budget Imbalance," The Economic Record, The Economic Society of Australia, vol. 66(194), pages 249-253, September.
    7. Adrian Blundell-Wignall & Robert G. Gregory, 1990. "Exchange Rate Policy in Advanced Commodity-Exporting Countries: The Case of Australia and New Zealand," OECD Economics Department Working Papers 83, OECD Publishing.
    8. Kouri, Pentti J K, 1976. " The Exchange Rate and the Balance of Payments in the Short Run and in the Long Run: A Monetary Approach," Scandinavian Journal of Economics, Wiley Blackwell, vol. 78(2), pages 280-304.
    9. Van Duyne, Carl, 1980. " Imperfect Foresight and the Insulation Properties of a Flexible Exchange Rate," Scandinavian Journal of Economics, Wiley Blackwell, vol. 82(3), pages 352-361.
    10. Pitchford, J D, 1986. "The Australian Economy: 1985 and Prospects for 1986," The Economic Record, The Economic Society of Australia, vol. 62(176), pages 1-21, March.
    11. Flood, Robert P & Hodrick, Robert J, 1990. "On Testing for Speculative Bubbles," Journal of Economic Perspectives, American Economic Association, vol. 4(2), pages 85-101, Spring.
    12. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, December.
    13. White, Eugene N, 1990. "The Stock Market Boom and Crash of 1929 Revisited," Journal of Economic Perspectives, American Economic Association, vol. 4(2), pages 67-83, Spring.
    14. Pitchford, John David & Vousden, Neil J, 1987. "Exchange Rates, Policy Rules and Inflation," Australian Economic Papers, Wiley Blackwell, vol. 26(48), pages 43-57, June.
    15. Svensson, Lars E O & Razin, Assaf, 1983. "The Terms of Trade and the Current Account: The Harberger-Laursen-Metzler Effect," Journal of Political Economy, University of Chicago Press, vol. 91(1), pages 97-125, February.
    16. Pitchford, John D, 1985. " The Insulation Capacity of a Flexible Exchange Rate System in the Context of External Inflation," Scandinavian Journal of Economics, Wiley Blackwell, vol. 87(1), pages 44-65.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. P. Siklos, D. Waymark, 2006. "Measuring the Impact of Intervention on Exchange Market Pressure," Working Papers eg0048, Wilfrid Laurier University, Department of Economics, revised 2006.
    2. Nicolas De Roos & Bill Russell, 2002. "The Exports Transmission Mechanism of Foreign Business Cycles to Australia," The Economic Record, The Economic Society of Australia, vol. 78(240), pages 50-59, March.
    3. Karunaratne, Neil Dias, 1996. "Exchange rate intervention in Australia (December 1983 to May 1993)," Journal of Policy Modeling, Elsevier, vol. 18(4), pages 397-417, August.
    4. David Gruen & Jacqueline Dwyer, 1996. "Are Terms of Trade Rises Inflationary?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 29(2), pages 211-224, April.
    5. Nicolas De Roos & Bill Russell, 2000. "An Empirical Note on the Influence of the US Stock Market on Australian Economic Activity," Australian Economic Papers, Wiley Blackwell, vol. 39(3), pages 291-300, September.
    6. Gordon Menzies & Geoffrey Heenan, 1993. "Explaining the Recent Performance of Australia’s Manufactured Exports," RBA Research Discussion Papers rdp9310, Reserve Bank of Australia.
    7. Elie Appelbaum & Alan D. Woodland, 2010. "The Effects of Foreign Price Uncertainty on Australian Production and Trade," The Economic Record, The Economic Society of Australia, vol. 86(273), pages 162-177, June.
    8. Guy Debelle & Jenny Wilkinson, 2002. "Inflation Targeting in the Context of IMF-Supported Adjustment Programs," Central Banking, Analysis, and Economic Policies Book Series, in: Norman Loayza & Raimundo Soto & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.),Inflation Targeting: Desing, Performance, Challenges, edition 1, volume 5, chapter 11, pages 465-500, Central Bank of Chile.
    9. Mardi Dungey & John Pitchford, 2000. "The Steady Inflation Rate of Economic Growth," The Economic Record, The Economic Society of Australia, vol. 76(235), pages 386-400, December.
    10. Mardi Dungey & John Pitchford, 1998. "Prospects for Output and Employment Growth with Steady Inflation," RBA Annual Conference Volume (Discontinued), in: Guy Debelle & Jeff Borland (ed.),Unemployment and the Australian Labour Market, Reserve Bank of Australia.
    11. Nicolas de Roos & Bill Russell, 1996. "Towards an Understanding of Australia’s Co-movement with Foreign Business Cycles," RBA Research Discussion Papers rdp9607, Reserve Bank of Australia.
    12. Guy Debelle & Jenny Wilkinson, 2001. "Inflation Targeting and the Inflation Process: Lessons from an Open Economy," Working Papers Central Bank of Chile 111, Central Bank of Chile.

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