00000nam##2200000za#4500 9.571582 CaOODSP 20211126112844 cr ||||||||||| 150406|2001||||xxc|||||o f|0| 0 eng|d 1701-9397 CaOODSP eng n-cn--- FB3-2/101-3E-PDF Bank of Canada. On commodity-sensitive currencies and inflation targeting / [electronic resource] by Kevin Clinton. Ottawa - Ontario : Bank of Canada March 2001. 52p. graphs, references, tables Bank of Canada working paper 1701-9397 2001-3 "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. 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 Résumés en français. 11-19-Supp 2011-09-23 Monetary policy gcpds Exchange rates gcpds Currency gcpds Inflation gcpds Clinton, Kevin On commodity-sensitive currencies and inflation targeting / (CaOODSP)9.615575 Working paper (Bank of Canada) 1701-9397 2001-3 (CaOODSP)9.504604 http://publications.gc.ca PDF 262 KB https://publications.gc.ca/collections/Collection/FB3-2-101-3E.pdf 2001-3