Regional Monetary Policy

An Australian Perspective

Datos Bibliográficos

ID10405514
AutoresPenny Fraser (0000-0001-7266-5034, Curtin University), Garry MacDonald (autor de correspondencia), G A Macdonald, Andy Mullineux (Curtin University), A W Mullineux
Año2012
Volumen48
Número8
Páginas1419-1433
Fecha de publicación2012-08-28
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaRegional Studies (JOURNAL)
Identificadores de la revistaISSN: 0034-3404 • E-ISSN: 1360-0591
EditorialRoutledge (PUBLISHER • GB)
DOI10.1080/00343404.2012.714897
OpenAlexW2029712292
IdiomaEN
Citas recibidas1
Referencias citadas19

Fraser P., MacDonald G. A. and Mullineux A. W. Regional monetary policy: an Australian perspective, Regional Studies. A structural vector autoregressive (SVAR) model for Australia is utilized to identify the domestic impacts of common monetary policy shocks on national and state business cycles and to consider the role of state diversification disparities for observed differences in responses to monetary policy innovations. Western Australia and Queensland differ to other states in their response to common shocks and evidence suggests this may be due to differences in their economic geographies. Overall, the Australian monetary union has become increasingly reliant on fiscal transfers particularly from Western Australia in the past two decades. This emphasizes the importance of a political union underpinning a successful monetary union

Business · Diversification (marketing strategy · Economics · European monetary union · European union · International economics · Macroeconomics · Monetary hegemony · Monetary policy · Perspective (graphical · State (computer science · Underpinning · Australian History and Society · Global Financial Crisis and Policies · Monetary Policy and Economic Impact