On commodity-sensitive currencies and inflation targeting / by Kevin Clinton. : FB3-2/101-3E
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 | Working paper1192-5434101-3 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Paper |
| Other formats | Electronic-[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. Résumé en français |
| Publishing information | Ottawa - Ontario : Bank of Canada 2001. |
| Binding | Softcover |
| Description | x, 39p. : figs., references ; 28 cm. |
| ISSN | 1192-5434 |
| Catalogue number |
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| Subject terms | Monetary policy Exchange rates Currency Inflation |
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