These four lectures on central banking topics were presented in London between September and December 2013. The lectures were delivered as part of Arthur Grimes' NZ-UK Link Foundation Visiting Professorship, based at the University of London's School of Advanced Study. They followed his stepping...

It has been suggested that the New Zealand economy may have similar characteristics and face similar shocks to some Australian states, so lowering the costs of a trans-Tasman currency union. We test this, under the assumption that differences in Taylor rule-implied interest rate paths for...

The Reserve Bank's operational independence, once revolutionary, is shown to now be widely accepted internationally in the fascinating story of how this small central bank took the opportunities created by the political changes of the 1980s to design a unique institutional policy framework,...