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Would adopting the Australian dollar provide superior monetary policy in New Zealand?

Aaron Drew, Viv B. Hall, Dr John McDermott, Robert St. Clair

Published date:
Reference:
DP2001/03
JEL classification:
E58, F36, E31, E17
Counterfactual experiments with the Reserve Bank of New Zealand's core model provide some insight into the implications for New Zealand's economic performance over the 1990s, had it credibly fixed its currency to the Australian dollar.
Drew, Aaron, Viv Hall, John McDermott and Robert St. Clair (2004). ‘Would adopting the Australian dollar provide superior monetary policy in New Zealand?’, Economic Modelling, Elsevier, Volume 21(6), Pages 949-964, DOI: https://doi.org/10.1016/j.econmod.2003.10.008.