Modelling the Transmission of International Monetary Policy Shocks: Implications for Australian Asset Markets

该项目的三个主要成果如下。首先，将更好地确定连接货币政策和资产市场的传导机制的相对优势。这将导致更好地理解货币政策，从而使储备银行能够实现其通货膨胀率达到或接近目标率的政策目标，并使货币市场表现出稳定性。第二，一些与货币政策和资产市场有关的经验难题，存在于经验文献中，将得到解决。第三，该项目将导致一些国际论文，这将增加澳大利亚作为一个领先的研究国家的国际声誉。

Three main outcomes of the project are as follows. First, the relative strengths of the transmission mechanisms linking monetary policy and asset markets will be better identified. This will lead to a better understanding of monetary policy thereby enabling the Reserve Bank to achieve its policy goals of inflation operating at or near the target rate, and for currency markets to exhibit stability. Second, a number of empirical puzzles relating to monetary policy and asset markets in general, that exist in the empirical literature, will be solved. Third, the project will lead to a number of international papers which will add to the international reputation of Australia as a leading research nation.