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RBA Glossary definition for exchange rates

exchange rates – The price of one currency expressed in terms of another currency. Any exchange rate can be quoted two ways, e.g. Australian dollars per US dollar (USD/AUD) or US dollars per Australian dollar (AUD/USD). The convention for the Australian dollar is that it is quoted as the foreign currency price of the Australian dollar. This is sometimes referred to as the 'Indirect' method of quoting.

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Real Exchange Rate Model

31 Dec 2005 RDP 2005-09
Charles Engel
It is interesting to examine what the evolution of the real exchange rate would be if the current account deficit was optimal, reflecting expectations of growth in the US's share ... T. /Q. t. , where. is the CPI real exchange rate (defined so that a
https://www.rba.gov.au/publications/rdp/2005/2005-09/real-exchange-rate-model.html

Model Simulations

31 Dec 2005 RDP 2005-09
Charles Engel
As we have discussed above, the calibration of the real exchange rate depends on the model that we use for output growth. ... Under this assumption, there is virtually no change in the US real exchange rate.
https://www.rba.gov.au/publications/rdp/2005/2005-09/model-simulations.html

The US Current Account Deficit: A Re-Examination of the Role of Private Saving

1 Nov 2005 RDP 2005-09
Charles Engel
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2005/2005-09.html

The US Current Account Deficit: A Re-Examination of the Role of Private Saving

1 Nov 2005 RDP 2005-09
Charles Engel
Research Discussion Paper – RDP 2005-09 The US Current Account Deficit: A Re-Examination of the Role of Private Saving. Charles Engel. November 2005. 243. KB. This paper represents preliminary work on a study that is co-authored with John H Rogers,
https://www.rba.gov.au/publications/rdp/2005/2005-09/

Introduction

31 Dec 2005 RDP 2005-09
Charles Engel
demographic factors in the rich countries and capital market imperfections in the emerging markets; and, perhaps even misalignment of the nominal exchange rate leading to excessively cheap import prices for the ... The figure also eliminates the
https://www.rba.gov.au/publications/rdp/2005/2005-09/introduction.html

References

31 Dec 2005 RDP 2005-09
Charles Engel
Obstfeld M and K Rogoff (2005), ‘Global current account imbalances and exchange rate adjustments’, working paper, University of California, Berkeley.
https://www.rba.gov.au/publications/rdp/2005/2005-09/references.html