Australia: Selected Issues
October 4, 2002
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This Selected Issues paper examines financial linkages and the correlation between Australian and U.S. output. It shows that the financial linkages have played an important role in conveying shocks from the United States to the Australian economy, and that these have become increasingly important in the 1990s. The paper examines income and output convergence across Australian states. It also examines the role of the terms of trade and different commodity prices in explaining the real exchange rate.
Subject: Commodity prices, Exchange rates, Foreign exchange, International trade, National accounts, Personal income, Prices, Real exchange rates, Terms of trade
Keywords: Australia, capturing RBA, central bank intervention, Commodity prices, CR, equity return, exchange rate, exchange rate volatility, Exchange rates, Global, intervention episode, ISCR, Personal income, RBA intervention, Real exchange rates, real interest rate differential, state, Terms of trade
Pages:
69
Volume:
2002
DOI:
Issue:
215
Series:
Country Report No. 2002/215
Stock No:
1AUSEA0022002
ISBN:
9781451802047
ISSN:
1934-7685
