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dc.contributor.authorFraser, Patricia
dc.contributor.authorMacDonald, Garry
dc.contributor.authorMullineux, Andy
dc.date.accessioned2017-01-30T12:05:53Z
dc.date.available2017-01-30T12:05:53Z
dc.date.created2012-09-02T20:00:30Z
dc.date.issued2012
dc.identifier.citationFraser, P. and MacDonald, G. A. and Mullineux, A. W. 2012. Regional monetary policy: An Australian perspective. Regional Studies. Advance online publication. DOI:10.1080/00343404.2012.714897
dc.identifier.urihttp://hdl.handle.net/20.500.11937/18086
dc.identifier.doi10.1080/00343404.2012.714897
dc.description.abstract

A structural vector autoregressive (SVAR) model for Australia is utilized to identify the domestic impacts of common monetary policy shocks on national and state business cycles and to consider the role of state diversification disparities for observed differences in responses to monetary policy innovations. Western Australia and Queensland differ to other states in their response to common shocks and evidence suggests this may be due to differences in their economic geographies. Overall, the Australian monetary union has become increasingly reliant on fiscal transfers particularly from Western Australia in the past two decades. This emphasizes the importance of a political union underpinning a successful monetary union.

dc.publisherRoutledge
dc.subjectAustralian regions
dc.subjectStructural vector autoregressive (SVAR)
dc.subjectNon-homogeneous business cycles
dc.subjectFiscal stabilizers
dc.subjectMonetary policy
dc.titleRegional monetary policy: An Australian perspective
dc.typeJournal Article
dcterms.source.volumeiFirst
dcterms.source.startPage1
dcterms.source.endPage15
dcterms.source.issn0034-3404
dcterms.source.titleRegional Studies
curtin.department
curtin.accessStatusFulltext not available


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