The Reserve Bank of New Zealand Bulletin

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.

Articles from Vol. 70, No. 4, December

Editor's Note
In this edition of the Reserve Bank Bulletin, we focus on the theme of the household sector. Household spending, saving and investment patterns strongly influence developments in the economy and financial system. Household expenditure amounts to roughly...
Households' Attitudes to Saving, Investment and Wealth
Household saving--the difference between household disposable income and household consumption--has declined over the last two decades and now appears to be negative. On the other hand, household wealth has risen. This has been due to rises in house...
Introducing the MONIAC: An Early and Innovative Economic Model
The MONIAC hydraulic computer is an example of a mechanical economic model dating to the 1940s. This article introduces the MONIAC and its creator, New Zealand economist Bill Phillips. Although the MONIAC is not used for policy analysis at the Reserve...
Lessons from the Economics Department's Work on Household Balance Sheets and Related Issues
Over the last three years, the Economics Department has undertaken a range of research regarding the financial position of households. This article provides an overview of this research. The work was largely motivated by concerns about: rising household...
Microeconomic Analysis of Household Expenditures and Their Relationship with House Prices
The use of microeconomic data sources can provide important insights into how household and firm behaviour influence developments in the economy. This article summarises some of the key features of household surveys produced by Statistics New Zealand,...
New Zealand's Financial System Resilient
7 November 2007 The Reserve Bank today released its Financial Stability Report, a twice-yearly report assessing the health of the New Zealand financial system. Reserve Bank Governor Alan Bollard said the financial system is sound and has been...
Reserve Bank Restructures Financial Stability Department
1 November 2007 The Reserve Bank today announced changes to its Financial Stability Department to enhance management of the Bank's expanding role in maintaining the stability of New Zealand's financial system. Deputy Governor and Head of Financial...