Central Bank Independence, Fiscal Responsability, and the Goals of Macroeconomic Policy: An American Perspective of the New Zealand Experience.

In contemporary New Zealand, microeconomics is in the ascendant over macroeconomics, to such an extent that neither the Reserve Bank nor the Cabinet and Treasury appear to give much attention to shorter-run macroeconomic stabilization as a policy goal. This lecture examines why thoughtful New Zealanders are attracted to this atypical aversion, and asks whether that aversion is in New Zealand's best interests.

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Year of publication:	1996
Authors:	Bryant, R.C.
Institutions:	Brookings Institution
Subject:	ECONOMIC POLICY \| FINANCIAL POLICY \| MACROECONOMICS \| CENTRAL BANKS

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Series:	Brookings Institution - Working Papers.
Type of publication:	Book / Working Paper
Notes:	28 pages
Classification:	E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E58 - Central Banks and Their Policies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005660608