Australia and New Zealand Exchange Rates: A Quantitative Assessment

Front Cover
International Monetary Fund, Jan 1, 2009 - Business & Economics - 31 pages
0 Reviews
The paper describes three empirical models commonly used to conduct exchange rate assessments and applies them to data for Australia and New Zealand. The baseline results using data and mediumterm projections available as of October 2008, suggest that the Australian and New Zealand dollars were broadly in line with fundamentals, but with a wide variation across models. A battery of sensitivity tests illustrate that altering the underlying assumptions can yield substantially different assessments. The results are particularly sensitive to the choice of assessment horizon, the set of economies included in the sample, medium-term forecasts, and the exchange rate reference period.

From inside the book

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Introduction
3
Real Exchange Rate Developments
4
A Country Coverage and Econometric Methodology
7
Copyright

14 other sections not shown

Other editions - View all

Common terms and phrases

Bibliographic information