Estimated fuel price elasticities are consistent with reactions following the second major oil shock, having been significantly different from reactions to its predecessor. In turn, elasticities for both sub-periods are not well represented by those estimated for 1960-1982 as a whole

We examine the macroeconomic implications of fiscal policy in a small open economy, with emphasis on the interactions between fiscal, monetary and labour market policies. The paper uses the NBNZ-DEMONZ macroeconometric model. Novel features of the model are that it includes an endogenous...

We use National Bank of New Zealand Regional Economic Activity data, to identify and characterise classical business cycle turning points, for New Zealand's 14 regions and aggregate New Zealand activity. Using Concordance statistic measures, logistic model and GMM estimation methods, meaningful...