Multiple structural regimes in real exchange rate misalignment: the case of Australian dollar
| Autor: | Jean-François Hoarau, Alain Nurbel, Ibrahim Ahamada |
|---|---|
| Přispěvatelé: | Faculté de droit et d'économie, Université de La Réunion (UR), Centre d'économie de la Sorbonne (CES), Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS) |
| Jazyk: | angličtina |
| Rok vydání: | 2008 |
| Předmět: |
Economics and Econometrics
structural changes Inflation targeting 05 social sciences misalignments Monetary economics exchange rate [SHS.ECO]Humanities and Social Sciences/Economics and Finance 01 natural sciences 010104 statistics & probability Interest rate parity Exchange rate 8. Economic growth 0502 economics and business Economics Liberian dollar 050207 economics 0101 mathematics Real interest rate Perron method |
| Zdroj: | Applied Economics Letters Applied Economics Letters, Taylor & Francis (Routledge): SSH Titles, 2008, 15 (2), pp.101-104. ⟨10.1080/13504850600721908⟩ |
| ISSN: | 1350-4851 1466-4291 |
| DOI: | 10.1080/13504850600721908⟩ |
| Popis: | International audience; We apply the Bai and Perron method (Econometrica, 1998, 66, 47-78) to search for several structural changes in the real exchange rate misalignment data of the Australian dollar over January 1976 to February 2000. Then, the estimated structural breaks dates are compared with Australian monetary and exchange rate regimes from 1976. This brings us to conclude that a good monetary management is needed to face real exchange rate distortions. Besides, implementing a policy-mix by combining an inflation targeting policy and a dirty flexible exchange rate policy turns out to be really effective to struggle real misalignments as far as Australia is concerned |
| Databáze: | OpenAIRE |
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