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

Release date
01/08/2001
Reference
DP2001/03
Authors
Aaron Drew; Viv B. Hall; Dr John McDermott; Robert St. Clair
Published as
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.
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.