International Transmissions to Australia: The Roles of the USA and Euro Area
Mardi Dungey (),
Denise Osborn () and
Mala Raghavan ()
The Economic Record, 2014, vol. 90, issue 291, 421-446
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.
References: Add references at CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
Working Paper: International Transmissions to Australia: The Roles of the US and Euro Area (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:bla:ecorec:v:90:y:2014:i:291:p:421-446
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0013-0249
Access Statistics for this article
The Economic Record is currently edited by Paul Miller, Glenn Otto and Martin Richardson
More articles in The Economic Record from The Economic Society of Australia Contact information at EDIRC.
Series data maintained by Wiley-Blackwell Digital Licensing ().