DSpace Repository

An unobserved components common cycle for Australasia? Implications for a common currency

Show simple item record

dc.contributor.author Hall, Viv B
dc.contributor.author McDermott, C John
dc.date.accessioned 2011-03-11T01:50:43Z
dc.date.accessioned 2022-07-05T01:16:04Z
dc.date.available 2011-03-11T01:50:43Z
dc.date.available 2022-07-05T01:16:04Z
dc.date.copyright 2011
dc.date.issued 2011
dc.identifier.uri https://ir.wgtn.ac.nz/handle/123456789/18555
dc.description.abstract We use unobserved components methodology to establish an Australasian common cycle, and assess the extent to which region-specific cycles of Australian States and New Zealand are additionally important. West Australian and New Zealand region-specific growth cycles have exhibited distinctively different features, relative to the common cycle. For every Australasian region, the region-specific cycle variance dominates that of the common cycle, in contrast to findings for U.S. BEA regions and prior work for Australian States. The distinctiveness of New Zealand’s output and employment cycles is consistent with New Zealand retaining the flexibility of a separate currency and monetary policy, for periods when significant region-specific shocks occur. en_NZ
dc.format pdf en_NZ
dc.language.iso en_NZ
dc.publisher Te Herenga Waka—Victoria University of Wellington en_NZ
dc.relation.ispartofseries SEF Working papers en_NZ
dc.rights.uri http://www.victoria.ac.nz/sef/
dc.subject Australasian common cycle en_NZ
dc.subject regional cycles en_NZ
dc.subject Unobserved components en_NZ
dc.subject common currency en_NZ
dc.subject New Zealand en_NZ
dc.subject Australia en_NZ
dc.title An unobserved components common cycle for Australasia? Implications for a common currency en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit School of Economics and Finance en_NZ
vuwschema.subject.anzsrcfor 149999 Economics not elsewhere classified en_NZ
vuwschema.subject.marsden 140199 en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ
vuwschema.subject.anzsrcforV2 389999 Other economics not elsewhere classified en_NZ

Files in this item

This item appears in the following Collection(s)

Show simple item record

Search DSpace


My Account