Academic journal article The Reserve Bank of New Zealand Bulletin

Entries Open for the Reserve Bank Monetary Policy Challenge

Academic journal article The Reserve Bank of New Zealand Bulletin

Entries Open for the Reserve Bank Monetary Policy Challenge

Article excerpt

9 March 2009

Entries have opened for the Reserve Bank of New Zealand 2009 Monetary Policy Challenge.

The Challenge is open to all New Zealand senior secondary school economics students. It is designed to expand students' understanding of monetary policy and links to NCEA achievement standards.

The Challenge involves students becoming, in effect, central bankers. Just like economists working in the Reserve Bank, each team analyses the economic conditions facing New Zealand and the outlook for inflation. On the basis of that analysis, they decide on an appropriate setting for the Official Cash Rate (the Reserve Bank's interest rate).

Teams present the reasons for their decision in a written submission and, if selected as a regional finalist, give an oral presentation. Regional finals will be held in Dunedin, Christchurch, Wellington, Hamilton and Auckland during August.

The winning team from each region will be invited to the Reserve Bank to compete in the national final, to be held on 27 August 2009. …

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