Research Discussion Paper – RDP 8702 Open Market Operations in Australia: A U.S. Perspective



This paper was written while I was visiting the Reserve Bank of Australia on leave from the Federal Reserve Bank of Richmond. Excellent research assistance was provided by Colleen Mitchell, Peter Skib and Rob Willemse. Needless to say, the opinions expressed in this paper are solely those of the author and do not necessarily express the views of the Reserve Bank of Australia, the Federal Reserve Bank of Richmond, nor the Federal Reserve System. [*]