Arguments for and against abandoning independent national currencies and monetary policies have varied considerably over time and by country. For New Zealand, it can be argued that a key driving force behind recent debates has been the conduct of monetary policy and the need for improved overall...

Determination, from the annual observations on the period 1960-79, elasticity of the request of a combustible in comparison with his price and in comparison with the prices of the combustible others in seven countries of the OECD

A two country multi-sectoral computable general equilibrium model for New Zealand and Australia is developed and applied to explore issues concerning the effects of the CER-induced tariff reductions and related topics. A comparison with a similar short-run exercise conducted in 1988 records...

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...

The NIF modelling team have redesigned NIF88. A number of important developments of a primarily single equation nature have been reported. There have also been major beneficial changes in the model's dynamics with certain short run adjustments now being much more rapid and the model's run...

This paper evaluates the governance performance of four small, open economy central banks. Two of these, the Reserve Bank of Australia and the Reserve Bank of New Zealand, are inflation targeting; the other two, the Hong Kong Monetary Authority and the Monetary Authority of Singapore, place...