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On commodity-sensitive currencies and inflation targeting / by Kevin Clinton.FB3-2/101-3E

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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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Publication information
Department/Agency
  • Bank of Canada.
TitleOn commodity-sensitive currencies and inflation targeting / by Kevin Clinton.
Series title
  • Working paper 1192-5434 101-3
Publication typeMonograph - View Master Record
Language[English]
FormatPhysical text
Other formatsDigital text-[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.
BindingSoftcover
Descriptionx, 39p. : figs., references ; 28 cm.
ISSN1192-5434
Catalogue number
  • FB3-2/101-3E
Subject terms
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