The Reserve Bank of New Zealand used a Monetary Conditions Index (MCI) as an operational target for monetary policy from June 1997 to March 1999. We report estimates for New Zealand and Australia obtained from a series of 10-week rolling regressions that examine the relationship between...

The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics by William Easterly, The MIT Press, Cambridge, Mass, and London, England, 2001, xiii+342pp., ISBN 0-262-05065-X, US$ 29.95/£ 20.50 Cycles of Disadvantage? by Scott Boggess and Mary Corcoran, with Stephen P....

The aim of this paper is to broaden the discussion about the role of the 'transaction sector' in New Zealand economic growth by relating it to the seemingly alternative, but actually complementary, concept of the information economy, and by indicating some new directions for research. First, a...