Academic journal article The Reserve Bank of New Zealand Bulletin

National Winners Announced in Reserve Bank Monetary Policy Challenge

Academic journal article The Reserve Bank of New Zealand Bulletin

National Winners Announced in Reserve Bank Monetary Policy Challenge

Article excerpt

24 August 2007

The Reserve Bank announced today that New Plymouth Girls' High School is the national winner of the Reserve Bank of New Zealand 2007 Monetary Policy Challenge (MPC). Timaru Boys' High School placed second in the national final and Lindisfarne College from Hawke's Bay came third.

The national final took place at the Reserve Bank in Wellington on 22 August and was hotly contested. Two economists from the Reserve Bank were judges.

New Plymouth Girl's High School won $2,500 in prize money for their school and will visit the Reserve Bank on 13 September to watch the announcement of the next Monetary Policy Statement by Governor Alan Bollard.

Timaru Boys' High School won $1,500 and Lindisfarne College won $750 in prize money for their respective schools. The other competitors in the national final were Avondale College (Auckland), Kristin Senior School (Auckland) and Burnside High School (Christchurch).

Judges said the winning teams demonstrated an exceptional level of understanding about the economy. "Their ability to apply the economic theory they had learned in the classroom to real-world situations was impressive," they said. …

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