Regional Monetary Policy

An Australian Perspective

Dados Bibliográficos

ID10405514
AutoresPenny Fraser (0000-0001-7266-5034, Curtin University), Garry MacDonald (autor correspondente), G A Macdonald, Andy Mullineux (Curtin University), A W Mullineux
Ano2012
Volume48
Fascículo8
Páginas1419-1433
Data de publicação2012-08-28
Peer ReviewedSim
Open AccessNão
TipoARTICLE
PeriódicoRegional Studies (JOURNAL)
Identificadores do periódicoISSN: 0034-3404 • E-ISSN: 1360-0591
EditoraRoutledge (PUBLISHER • GB)
DOI10.1080/00343404.2012.714897
OpenAlexW2029712292
IdiomaEN
Citações recebidas1
Referências 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