Multiple structural regimes in real exchange rate misalignment: the case of Australian dollar - HAL-SHS - Sciences de l'Homme et de la Société
Article Dans Une Revue Applied Economics Letters Année : 2008

Multiple structural regimes in real exchange rate misalignment: the case of Australian dollar

Résumé

We apply the Bai and Perron method (Econometrica, 1998, 66, 47-78) to search for several structural changes in the real exchange rate misalignment data of the Australian dollar over January 1976 to February 2000. Then, the estimated structural breaks dates are compared with Australian monetary and exchange rate regimes from 1976. This brings us to conclude that a good monetary management is needed to face real exchange rate distortions. Besides, implementing a policy-mix by combining an inflation targeting policy and a dirty flexible exchange rate policy turns out to be really effective to struggle real misalignments as far as Australia is concerned
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Dates et versions

halshs-00272862 , version 1 (12-04-2008)

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Jean-François Hoarau, Ibrahim Ahamada, Alain Nurbel. Multiple structural regimes in real exchange rate misalignment: the case of Australian dollar. Applied Economics Letters, 2008, 15 (2), pp.101-104. ⟨10.1080/13504850600721908⟩. ⟨halshs-00272862⟩
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