The two recently developed Australian indexes of leading indicators have received much attention in the press. Despite this, relatively little is known about their usefulness in forecasting the associated indexes of coincident indicators (i.e., measures of the business cycle) or any activity...

Much has been written about the choice of exchange rate regimes from a theoretical perspective. A conclusion of this literature is that, ceteris paribus, interest rates should exhibit less volatility (and exchange rates more volatility) under a floating than under a fixed exchange rate regime....