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Journal Article
Financial reform in Australia and New Zealand
Conference Paper
Reserve Bank of New Zealand's quarterly macroeconomic model
Journal Article
An interview with Donald Brash
An interview with the head of New Zealand's central bank.
Working Paper
Exchange rates, non-traded goods and the terms-of-trade: an empirical application for New Zealand
This article formulates and tests for New Zealand a model of exchange rate determination focusing on non-tradeable goods and terms-of-trade shifts. We emphasize the equilibrium properties of this framework and, in this context, estimate an error correction model where adjustment in response to deviation from equilibrium are an important determinant of short-run exchange rate movements. ; We estimate the model using a new data series on the supply of non-tradeable goods. The model has desirable empirical characteristics, including a plausible error correction equation, strong support for ...
Conference Paper
The role of monetary policy: where does unemployment fit in?