00000nam##2200000za#4500 9.615575 CaOODSP 20211126112847 ta 150406|2001||||xxc||||| f|0| 0 eng|d 0-662-30376-8 1192-5434 CaOODSP eng n-cn--- FB3-2/101-3E Bank of Canada. On commodity-sensitive currencies and inflation targeting / by Kevin Clinton. Ottawa - Ontario : Bank of Canada 2001. x, 39p. : figs., references ; 28 cm. Working paper 1192-5434 101-3 "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. 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 Softcover 01-14 2001-04-06 Monetary policy gcpds Exchange rates gcpds Currency gcpds Inflation gcpds Clinton, Kevin On commodity-sensitive currencies and inflation targeting / (CaOODSP)9.571582 Working paper, 1192-5434 101-3 (CaOODSP)9.514622