Understanding the appreciation of the Australian dollar and its policy implications

Phil Garton, Danial Gaudry and Rhett Wilcox
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Phil Garton: Treasury, Government of Australia
Danial Gaudry: Treasury, Government of Australia
Rhett Wilcox: Treasury, Government of Australia

Economic Roundup, 2012, issue 2, 39-61

Abstract: The Australian dollar has appreciated strongly over the past decade, leading to increased concerns over the impacts of the high exchange rate on trade-exposed sectors of the economy. This paper examines the underlying drivers of this rise, the exchange rate’s role as a macroeconomic shock absorber and the implications of various policy options that might be directed at reducing the exchange rate.

Keywords: trade-exposed industries; real exchange rates (search for similar items in EconPapers)
JEL-codes: F31 O24 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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