This significant new book provides a succinct overview of the essential policy issues surrounding capital liberalization. The book compares the experiences of transition economies in Europe with those of advanced nations, allowing the reader to examine the changing international economic and...

After the industrial countries established current account convertibility in the late1950s, they began to phase out their capital controls. Their efforts were slow and tentative at first, but built up considerable momentum by the 1980s as market-oriented economic policies gained popularity. This...

This article examines recent trends in business borrowing costs.

This article presents the results from the June 1991 quarter Reserve Bank of New Zealand Survey of Expectations.

This article presents the results from the December 1990 quarter Reserve Bank of New Zealand Survey of Expectations.

This article presents the results from the March 1991 Reserve Bank of New Zealand Survey of Expectations

This article presents the results from the March 1990 Reserve Bank of New Zealand Survey of Expectations

The practice of monetary policy has changed markedly in recent years. In addition to changes in the technical operating procedures, monetary policy strategies have been the focus of increased attention over the past 30 years. Monetary policy has been fortunate in that the interaction between...

We assess a New Keynesian macro-economic model that is supplemented with a micro-founded role for money in determining aggregate demand and supply in order to better describe monetary policy transmission. In this model welfare is higher if the monetary authority takes money growth explicitly...

We find that regional inflation dispersion has not markedly increased since the start of EMU, although it is somewhat higher than in other monetary unions (US and Germany), and that the distribution of member states' rates of inflation around the euro area HICP inflation rate is characterised by...