EXCHANGE RATE TARGET ZONES AND THE CONDUCT OF MONETARY POLICY: AN AUSTRALIAN PERSPECTIVE

Authors

  • L. I. HOGAN,

  • D. T. NGUYEN

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      Ms Hogan is with the Bureau of Agricultural Economics and Dr Nguyen is with the Australian National University. An earlier version of this paper was presented at the Conference on Monetary Policy post Campbell, State Bank of Victoria Training Centre, Melbourne, 7–8 August 1987. The authors wish to thank John Floyd, Paul O'Mara, Will Martin, Don Schlangenhauf, Ric Simes, and conference participants for helpful discussions.


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