Implications of Global Economic Forces for Domestic Monetary Policy

该项目旨在量化和了解国际因素对开放经济体中通货膨胀和利率等关键宏观经济变量的影响程度。这些目标将通过发展和应用新的宏观经济和计量经济学模型来实现。预期的结果是关于如何为像澳大利亚这样的开放经济体恰当地实施货币政策的新见解和政策建议。通过澳大利亚储备银行（Reserve Bank of Australia）等机构实施合适的政策，这将为更广泛的澳大利亚经济带来重大利益。

The project aims to quantify and understand the extent to which international factors affect key macroeconomic variables such as inflation and interest rates in open economies. The aims will be achieved through the development and application of new macroeconomic and econometric models. Expected outcomes are new insights and policy recommendations on how to appropriately conduct monetary policy for an open economy such as Australia. This should provide significant benefits to the broader Australian economy through the conduct of suitable policy by institutions such as the Reserve Bank of Australia.