Inflation targeting and switch of fiscal regime in New Zealand

Monetary policy cannot be adequately addressed without also specifying fiscal policy. I interpret the economic reforms in New Zealand in the 1980s using a simple model that includes reaction functions of both monetary and fiscal policy. The interpretation is based on the wealth effects of the government debt. The successful and sustainable shift in monetary policy regime in New Zealand was supported by a compatible switch in fiscal policy.

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Year of publication:	2004
Authors:	Mikek, Peter
Published in:	Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 36.2004, 2, p. 165-172
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005471087