Research Discussion Paper – RDP 8612 A Weekly Model of the Floating Australian Dollar



This paper was written while I was visiting the Reserve Bank of Australia on leave from the University of Essex. I am grateful to Rob Trevor and Martin Evans for helpful suggestions and discussions. The paper was presented to the Economic society of Australia conference held at Melbourne in August 1986. The views expressed herein are solely those of the author and are not necessarily shared by the Reserve Bank of Australia. [*]