Research Publications and Outputs: Recent submissions
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Modelling the US$/A$ Exchange Rate Using Cointegration Techniques
Published 1996-09-01Recent evidence indicates that Australia's real effective exchange rate, its terms of trade and a long-term real interest rate differential form a cointegrating relationship. This paper uses this evidence to analyse the ...Open AccessWorking Paper -
Testing the Rationality of Exchange Rate and Interest Rate Expectations: An Empirical Study of Australian Survey Based Expectations
Published 1996-03-01This paper examines the rationality and optimality of the survey based expectations of Australian exchange rate and interest rates. One and four week ahead forecast of USD/$A exchange rate and two and four week ahead ...Open AccessWorking Paper -
Classical Competition, Keynesian Adjustment and Composite Dynamics: A Critical Perspective
Published 1995-02-01Recent literature on a classical cross-dual dynamics has argued the need to supplement these dynamics with short-run dual adjustments interpreted, for the most part, as Keynesian. This paper provides a critique of the ...Open AccessWorking Paper -
The Use of Splines on the Working-Leser Engel Equation
Published 1996-11-01This study estimates total expenditure elasticities for the poor, middle income and rich Australian households using Spline functions on the Working-Leser Engel equations system. These elasticities vary substantially with ...Open AccessWorking Paper