Exchange Rate Policy in Advanced Commodity‑Exporting Countries: The Case of Australia and New Zealand
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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The paper examines the desirability of exchange rate management in a commodity-exporting country, in which the terms of trade are driven by the world commodity price cycle. When the authorities are assumed to pursue an inflation objective, the usefulness of managing the rate depends on the relative importance of monetary versus terms of trade...
