DVORNAK, NIKOLA; KOHLER, MARION; MENZIES, GORDON - In: The Economic Record 81 (2005) 253, pp. 101-112
The determinants of Australia's exchange rate based on the internal-external balance approach introduced by Williamson (1983) were analysed. Internal balance implies that the economy is operating at supply potential with no inflationary pressures. External balance is characterised as the...