On commodity-sensitive currencies and inflation targeting / by Kevin Clinton. : FB3-2/101-3E-PDF
Two aspects of the recent monetary history of Canada, Australia, and New Zealand stand out: the sensitivity of their dollars to prices of resource-based commodities, and inflation targeting. This paper explores various aspects of these phenomena. With respect to commodity prices and exchange rates, it examines: the behaviour of real commodity prices, the terms of trade, and real exchange rates, linkages between these variables, the relative impact of commodity prices and exchange rates on output, the possibility of excessive commodity sensitivity for the three currencies.--Executive Summary
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | On commodity-sensitive currencies and inflation targeting / by Kevin Clinton. |
| Series title | Bank of Canada working paper1701-93972001-3 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Other formats | Paper-[English] |
| Note(s) | "Two aspects of the recent monetary history of Canada, Australia, and New Zealand stand out: the sensitivity of their dollars to prices of resource-based commodities, and inflation targeting. This paper explores various aspects of these phenomena. With respect to commodity prices and exchange rates, it examines: the behaviour of real commodity prices, the terms of trade, and real exchange rates, linkages between these variables, the relative impact of commodity prices and exchange rates on output, the possibility of excessive commodity sensitivity for the three currencies."--Executive Summary. The ISSN (1192-5434) for the print edition has been incorrectly copied in this electronic publication. Résumés en français. |
| Publishing information | Ottawa - Ontario : Bank of Canada March 2001. |
| Description | 52p.graphs, references, tables |
| ISSN | 1701-9397 |
| Catalogue number |
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| Subject terms | Monetary policy Exchange rates Currency Inflation |
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