Understanding the appreciation of the Australian dollar and its policy implications

The Australian dollar has appreciated strongly over the past decade, leading to increased concerns over the impacts of the high exchange rate on trade-exposed sectors of the economy. This paper examines the underlying drivers of this rise, the exchange rate’s role as a macroeconomic shock absorber and the implications of various policy options that might be directed at reducing the exchange rate.

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Year of publication:	2012
Authors:	Garton, Phil ; Gaudry, Danial ; Wilcox, Rhett
Published in:	Economic Roundup. - Treasury. - 2012, 2, p. 39-61
Publisher:	Treasury
Subject:	trade-exposed industries \| real exchange rates

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Extent:	application/pdf
Type of publication:	Article
Classification:	F31 - Foreign Exchange ; O24 - Trade Policy; Factor Movement Policy; Foreign Exchange Policy
Source:	RePEc - Research Papers in Economics

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