Quarterly that explores issues related to both central banking and the New Zealand economy. On the record speeches of the Governor and Deputy Governors also featured regularly.
This article was prepared by Professor Kane for a public lecture while he was the Professorial Fellow of Monetary and Financial Economics at Victoria University in 2005. Prudential regulation seeks to assure the safety and soundness of the financial...
DP2006/01 Phillips curve forecasting in a small open economy Troy Matheson, February 2006 Stock and Watson (1999) show that the Phillips curve is a good forecasting tool in the United States. We assess whether this good performance extends...
With banks increasingly operating across geographical borders, a major issue for banking supervisors around the globe is how those banks should be supervised by their 'home' and 'host' country regulators. In the first article of this issue, Professor...
This article is an abridged version of a paper prepared for an address to the Canterbury Employers' Chamber of Commerce, on January 27, 2006. (1) It examines three major global developments that have occurred in recent years and discusses their impact...
This article is an edited version of a paper written for the Centre of Central Banking Studies' Chief Economists Workshop in London in May 2006. The article reviews the evolution of modelling at the Reserve Bank of New Zealand from the 1970s to today,...
The Official Cash Rate (OCR) will remain on hold at 7.25 per cent. Reserve Bank Governor Alan Bollard said: 'Recent data have confirmed our earlier view that economic growth is slowing. Business activity and confidence have been softening for some...
The Reserve Bank and the Treasury today released a joint report (PDF 276KB) on possible additional instruments to supplement the role of interest rates in managing demand pressures and inflation. This report, prepared under terms of reference issued...
Capital requirements for banks will soon be made more sensitive to the risks the banks are taking, under new rules being implemented by the Reserve Bank. Speaking at the Retail Financial Services Forum, Deputy Governor Adrian Orr said that the Reserve...
Executive summary (1) 1. The large and prolonged housing market cycle of recent years, and the associated pressure this appears to have placed on domestic resources, the inflation outlook, and the exchange rate, prompted you to commission this review....