Research at the Federal Reserve Board (Ihrig and others, 2007) documents that net exports tend to be negatively correlated with domestic demand and thus stabilize output; other research (Guerrieri, Gust, and López-Salido, 2007) finds that shocks to domestic demand move output less in more open economies.
3/19/2019  Bonds and Benchmarks | Speeches | RBA  Speech  Bonds and Benchmarks Christopher Kent [ * ] Assistant Governor (Financial Markets) KangaNews DCM Summit Sydney – 19 March 2019  Introduction It's wonderful to be back at the Debt Capital Markets Summit.