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International Transmissions to Australia: The Roles of the USA and Euro Area
Citation
Dungey, MH and Osborn, DR and Raghavan, MV, International Transmissions to Australia: The Roles of the USA and Euro Area, Economic Record, 90, (291) pp. 421-446. ISSN 1475-4932 (2014) [Refereed Article]
Copyright Statement
Copyright 2014 Economic Society of Australia
DOI: doi:10.1111/1475-4932.12137
Abstract
This paper examines the influences of the world’s two largest
developed economies, namely the USA and the Euro area, on
Australia as an exemplar of a small open economy. To do so, we
specify and estimate a structural VAR with bilateral linkages
between the two large economies, and allow shocks originating in
either to affect the Australian economy. More specifically, we show
the role of foreign output shocks, the differential effects of USA- or
Euro-area-sourced inflation and interest rate shocks on the
Australian economy, and the relative unimportance of these foreign
shocks to variations in the value of the Australian currency.
Item Details
| Item Type: | Refereed Article |
|---|---|
| Research Division: | Economics |
| Research Group: | Applied Economics |
| Research Field: | International Economics and International Finance |
| Objective Division: | Economic Framework |
| Objective Group: | International Trade |
| Objective Field: | International Trade not elsewhere classified |
| UTAS Author: | Dungey, MH (Professor Mardi Dungey) |
| UTAS Author: | Osborn, DR (Professor Denise Osborn) |
| UTAS Author: | Raghavan, MV (Dr Mala Raghavan) |
| ID Code: | 94979 |
| Year Published: | 2014 |
| Web of Science® Times Cited: | 5 |
| Deposited By: | TSBE |
| Deposited On: | 2014-09-22 |
| Last Modified: | 2018-03-20 |
| Downloads: | 0 |
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