Search: exchange rates
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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Inflation Targeting and Exchange Rate Fluctuations in Australia
1 Sep 2000
RDP
2000-06
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2000/2000-06.html
The Model
1 Sep 2000
RDP
2000-06
real interest rates, real foreign output – proxied by US GDP – the real trade-weighted exchange rate and the terms of trade. ... An increase in interest rates takes two periods to reduce aggregate inflation through the exchange-rate channel – one
https://www.rba.gov.au/publications/rdp/2000/2000-06/model.html
Appendix A: Estimates of the Model
1 Sep 2000
RDP
2000-06
RDP 2000-06: Inflation Targeting and Exchange Rate Fluctuations in Australia Appendix A: Estimates of the Model. ... Sample: 1982:Q1 – 1998:Q4. DW = 2.116. When freely estimated, the coefficients on the real exchange rate (rer) and the terms of trade
https://www.rba.gov.au/publications/rdp/2000/2000-06/appendix-a.html
Inflation Targeting and Exchange Rate Fluctuations in Australia
1 Sep 2000
RDP
2000-06
Research Discussion Paper – RDP 2000-06 Inflation Targeting and Exchange Rate Fluctuations in Australia. ... September 2000. 493. KB. An earlier version of this paper was presented at the Sveriges Riksbank workshop on Inflation Targeting and Exchange
https://www.rba.gov.au/publications/rdp/2000/2000-06/
Appendix D: Data Definitions and Sources
1 Sep 2000
RDP
2000-06
RDP 2000-06: Inflation Targeting and Exchange Rate Fluctuations in Australia Appendix D: Data Definitions and Sources. ... ner. Nominal exchange rate. Definition:. Australian dollar against a GNP-weighted basket of G7 currencies.
https://www.rba.gov.au/publications/rdp/2000/2000-06/appendix-d.html
Appendix B: Equations for the Exogenous Variables in the Model
1 Sep 2000
RDP
2000-06
RDP 2000-06: Inflation Targeting and Exchange Rate Fluctuations in Australia Appendix B: Equations for the Exogenous Variables in the Model. ... The equilibrium world real interest rate is set equal to its historical long-run average of 1.97 per cent.
https://www.rba.gov.au/publications/rdp/2000/2000-06/appendix-b.html
Conclusion
1 Sep 2000
RDP
2000-06
Download the Paper 493. KB. Inflation targeting in a small open economy is complicated by the exchange rate channel of monetary policy. ... For example, we considered a more theoretically consistent version of the model in which policy had an immediate
https://www.rba.gov.au/publications/rdp/2000/2000-06/conclusion.html
Appendix C: Design of the Stochastic Simulations
1 Sep 2000
RDP
2000-06
RDP 2000-06: Inflation Targeting and Exchange Rate Fluctuations in Australia Appendix C: Design of the Stochastic Simulations.
https://www.rba.gov.au/publications/rdp/2000/2000-06/appendix-c.html
References
1 Sep 2000
RDP
2000-06
Dwyer JA, C Kent and A Pease (1994), ‘Exchange Rate Pass-through: Testing the Small Country Assumption for Australia’, Economic Record, 70, pp 408–423. ... Tarditi A (1996), ‘Modelling the Australian Exchange Rate, Long Bond Yield and
https://www.rba.gov.au/publications/rdp/2000/2000-06/references.html
Introduction
1 Sep 2000
RDP
2000-06
The large exchange rate depreciation in the mid 1980s pushed tradeable inflation higher than non-tradeable inflation. ... For an earlier reference to targeting a measure of inflation that abstracts from exchange rate effects, see Pitchford (1993).
https://www.rba.gov.au/publications/rdp/2000/2000-06/introduction.html