Reserve Bank of New Zealand Bulletin

For technical questions regarding this series, please contact (Reserve Bank of New Zealand Knowledge Centre)
Series handle: repec:nzb:nzbbul

2009, Volume 72

• 1-4 Editor's note
  by Tim Ng [Downloadable!]
• 5-20 Introducing KITT: The Reserve Bank of New Zealand new DSGE model for forecasting and policy design
  by Kirdan Lees [Downloadable!]
• 13-22 Thinking about more than one thing at a time: Eric Leeper on monetary and fiscal policy interactions
  by Tim Ng [Downloadable!]
• 21-26 The use of statistical forecasting models at the Reserve Bank of New Zealand
  by Chris Bloor [Downloadable!]
• 23-30 Recent trends and developments in currency
  by Alan Boaden & Kristin Langwasser [Downloadable!]
• 27-33 The Reserve Bank’s process for forecasting business investment
  by Tim Aldridge [Downloadable!]
• 31-33 Overview of a recent Reserve Bank workshop: nowcasting with model combination
  by Kirdan Lees [Downloadable!]
• 34-42 The demographics of household inflation perceptions and expectations
  by Christina Leung [Downloadable!]
• 43-52 Exchange rates and export performance: evidence from micro-data
  by Lynda Sanderson [Downloadable!]
• 53-56 The evaporation of trust: Prasanna Gai on financial crises
  by David Hargreaves [Downloadable!]
• 57-64 For the record
  by Reserve Bank of New Zealand [Downloadable!]
• 5-12 Financial vulnerability of mortgage-indebted households in New Zealand - evidence from the Household Economic Survey
  by Mizuho Kida [Downloadable!]
• 34-45 Coping with global financial and economic stresses
  by Alan Bollard & Tim Ng [Downloadable!]
• 1-4 Editor's note
  by Tim Ng [Downloadable!]

• Economic and financial chronology 2007
  by Gillian Lawrence [Downloadable!]
• The business cycle, housing and the role of policy: summary of a recent conference held by The Treasury and the Reserve Bank of New Zealand
  by Robert A. Buckle & Aaron Drew [Downloadable!]
• Future directions for Reserve Bank financial statistics
  by Rochelle Barrow [Downloadable!]
• The Reserve Bank, private sector banks and the creation of money and credit
  by Gillian Lawrence [Downloadable!]
• Recent trends and developments in currency
  by Alan Boaden [Downloadable!]
• The use of money and credit measures in contemporary monetary policy
  by Chris Bloor & Chris Hunt & Tim Ng & Hamish Pepper [Downloadable!]
• Editor's Note
  by Tim Ng [Downloadable!]
• Establishing technical specifications for New Zealand’s new 10 cent, 20 cent and 50 cent coins
  by Don Oliver [Downloadable!]
• The themes and thinking behind New Zealand’s 1967 decimal coin designs
  by Matthew Wright [Downloadable!]
• The relationship between monetary and financial stability
  by Leni Hunter [Downloadable!]
• The changing transmission mechanism of New Zealand monetary policy
  by Rishab Sethi [Downloadable!]
• Some perspectives on past recessions
  by Michael Reddell & Cath, Sleeman [Downloadable!]
• Editor's Note
  by Tim Ng [Downloadable!]
• A user’s guide to credit ratings
  by Doug Widdowson, & Andy Wood [Downloadable!]
• Financial turmoil and global imbalances: the end of Bretton Woods II?
  by Chris Hunt [Downloadable!]
• Inflation in New Zealand’s trading partner economies
  by Satish Ranchhod [Downloadable!]
• The costs of inflation – what have we learned?
  by David Gillmore [Downloadable!]
• Events precede ideas: Bob Gordon on macroeconomics
  by Emmanuel De Veirman & Tim Ng [Downloadable!]
• Flexibility and the limits to inflation targeting
  by Alan Bollard & Tim Ng [Downloadable!]
• Editors Note
  by Tim Ng [Downloadable!]
• Results from our recent survey of Bulletin readers
  by Victoria Zhang & Tim Ng [Downloadable!]
• New legislation for regulation of non-bank deposit takers
  by Noemi Javier [Downloadable!]
• The Reserve Bank’s payment system oversight role applied
  by Stuart Irvine & Phoebe Chan [Downloadable!]
• Evolution of the Reserve Bank’s liquidity facilities
  by Ian Nield [Downloadable!]
• The global financial crisis and its transmission to New Zealand – an external balance sheet analysis
  by Paul Bedford [Downloadable!]
• Editor's Note
  by Tim Ng [Downloadable!]

• Editor's Note
  by Bernard Hodgetts [Downloadable!]
• The impact of fiscal policy on the business cycle
  by Ashley Dunstan & David Hargreaves & Ozer Karagedikli [Downloadable!]
• New Zealand's productivity performance and prospects
  by Aaron Drew [Downloadable!]
• Emerging Asia and global inflation
  by Chris Hunt [Downloadable!]
• Tradables and non-tradables inflation in Australia and New Zealand
  by Andrew Coleman [Downloadable!]
• Economic and financial chronology 2006
  by Gina Williamson [Downloadable!]
• Reserve Bank workshop on 'Housing, savings, and the household balance sheet'
  by Economics Department [Downloadable!]
• Editor's Note
  by Bernard Hodgetts [Downloadable!]
• The transmission mechanism of New Zealand monetary policy
  by Aaron Drew & Rishab Sethi [Downloadable!]
• A review of the trade weighted exchange rate index
  by Hannah Kite [Downloadable!]
• The Reserve Bank’s policy on outsourcing by banks
  by Tim Ng [Downloadable!]
• Financial literacy and its role in promoting a sound financial system
  by Doug Widdowson & Kim Hailwood [Downloadable!]
• Payments and the concept of legal tender
  by Nick McBride [Downloadable!]
• Price changes by firms in New Zealand - some evidence from the Quarterly Survey of Business Opinion
  by Andrew Coleman & Brian Silverstone [Downloadable!]
• A profile of the NZ dollar foreign exchange market
  by Nick Smyth [Downloadable!]
• Editor's note
  by Reserve Bank of New Zealand [Downloadable!]
• Complete volume
  by Reserve Bank of New Zealand [Downloadable!]
• Introducing the MONIAC: an early and innovative economic model
  by Tim Ng & Matthew Wright [Downloadable!]
• Microeconomic analysis of household expenditures and their relationship with house prices
  by Mark Smith [Downloadable!]
• Lessons learned from the Economics Department's research work on household balance sheets and related issues
  by Phil Briggs [Downloadable!]
• Editor's Note Abstract
  by Tim Ng [Downloadable!]

• Modelling New Zealand inflation in a Phillips curve
  by David Hargreaves & Hannah Kite & Bernard Hodgetts [Downloadable!]
• The policy origins of the Reserve Bank of New Zealand
  by Matthew Wright [Downloadable!]
• Editor's Note
  by Bernard Hodgetts [Downloadable!]
• 4p. Supplementary stabilisation instruments: executive summary
  by Anonymous [Downloadable!]
• 6p An assessment of recent Reserve Bank forecasts
  by Jane Turner [Downloadable!]
• 7p Measuring core inflation
  by Rachel Holden [Downloadable!]
• 8p. Modelling for monetary policy: the New Zealand experience
  by Grant Spencer & Ozer Karagedikli [Downloadable!]
• 9p Testing stabilisation policy limits in a small open economy: editor's summary of a macroeconomic policy forum
  by Bob Buckle & Aaron Drew [Downloadable!]
• 10p The Reserve Bank's local-incorporation policy
  by Willy Chetwin [Downloadable!]
• 12p. Confronting divergent interests in cross-country regulatory arrangements
  by Edward J. Kane [Downloadable!]
• 14p. Major global developments in the new millennium
  by Alan Bollard & Mark Smith [Downloadable!]
• 17p. Towards a framework for promoting financial stability in New Zealand
  by Leni Hunter & Adrian Orr & Bruce White [Downloadable!]
• 30p. Changes in the inflation process in New Zealand
  by Bernard Hodgetts [Downloadable!]
• 44p. Analysis of revisions to quarterly GDP - a real-time database
  by Cath Sleeman [Downloadable!]
• Editor's Note
  by Bernard Hodgetts [Downloadable!]
• 48p. Economic and financial chronology 2005
  by Alex Deans [Downloadable!]
• 6p Changes to liquidity management regime
  by Ian Nield [Downloadable!]
• 4p The Reserve Bank of New Zealand Amendment Act 2006
  by Loretta DeSourdy [Downloadable!]
• Editor's Note
  by Bernard Hodgetts [Downloadable!]

• Imbalances in the New Zealand Economy
  by Alan Bollard [Downloadable!]
• Monetary Policy and economic performance: the experience of New Zealand
  by Alan Bollard & Chris Hunt [Downloadable!]
• A fresh look at the merits of a currency union
  by Chris Hunt [Downloadable!]
• Oil prices and the New Zealand economy
  by Felix Delbruck [Downloadable!]
• Editor's note
  by Bernard Hodgetts [Downloadable!]
• New Zealand Payment System
  by Alan Bollard [Downloadable!]
• Funding agreements for the Reserve Bank
  by Mike Wolyncewicz [Downloadable!]
• An update on Eurokiwi and Uridashi bonds
  by David Drage & Anella Munro & Cath Sleeman [Downloadable!]
• An update on Eurokiwi and Uridashi bonds
  by David Drage & Anella Munro & Cath Sleeman [Downloadable!]
• Recent trends in foreign exchange turnover
  by Nick Smyth [Downloadable!]
• Basel II: A new capital framework
  by Bernard Hogetts & Andrew Yeh & James Twaddle & Mike Frith [Downloadable!]
• Editors note
  by Bernard Hogetts [Downloadable!]
• Bank regulation and supervision in New Zealand: recent and ongoing developments
  by Alan Bollard [Downloadable!]
• Overview of the New Zealand retail sector
  by Hannah Kite [Downloadable!]
• Developments in the New Zealand corporate sector
  by Khoon Goh [Downloadable!]
• Savings and the household balance sheet
  by Khoon Goh [Downloadable!]
• The modernisation of New Zealand's currency and cash distribution
  by Alan Boaden [Downloadable!]
• Editor's note
  by Bernard Hodgetts [Downloadable!]
• New Zealand's potential growth rate
  by Alan Bollard [Downloadable!]
• New Zealand economic and Financial chronology 2004
  by Madeline Penny [Downloadable!]
• Amendments to bank disclosure requirements
  by Ken Matthews [Downloadable!]
• An overview of the manufacturing sector
  by Jane Turner [Downloadable!]
• The Reserve Bank's new foreign exchange intervention policy
  by Kelly Eckhold & Chris Hunt [Downloadable!]
• Foreign reserves for crisis management
  by Michael Gordon [Downloadable!]
• Editor's Note
  by Bernard Hodgetts [Downloadable!]

• What's happening in the property sector?
  by Alan Bollard [Downloadable!]
• Supervising overseas-owned banks: New Zealand's experience
  by Alan Bollard [Downloadable!]
• Promoting strong corporate governance in New Zealand banks
  by Alan Bollard [Downloadable!]
• NZIER's Capacity Utilisation Index
  by Bernard Hodgetts [Downloadable!]
• The long-run effects of monetary policy on output growth
  by Christie Smith [Downloadable!]
• Speech excerpt on the Reserve Bank's exchange rate intervention proposal
  by Adrian Orr [Downloadable!]
• APEC policy dialogue on financial disclosure
  by anonymous [Downloadable!]
• Bank regulation and foreign-owned banks
  by George Kaufman [Downloadable!]
• Musings on financial stability issues: an interview with Professor George Kaufman
  by Geof Mortlock [Downloadable!]
• Outcomes of the Financial Sector Assessment Programme for New Zealand
  by Michael Gordon [Downloadable!]
• Developments in the New Zealand banking industry during 2003
  by Ken Matthews [Downloadable!]
• What drives the New Zealand dollar?
  by Anella Munro [Downloadable!]
• Interpreting clause 4(b) of the Policy Targets Agreement: avoiding unnecessary instability in output, interest rates and the exchange rate
  by Chris Hunt [Downloadable!]
• Editor's Note
  by anonymous [Downloadable!]
• Asset prices and monetary policy
  by anonymous [Downloadable!]
• Designation of payment systems - new Part VC of the Reserve Bank of New Zealand Act 1989
  by Loretta DeSourdy [Downloadable!]
• The Reserve Bank of New Zealand Amendment Act 2003
  by James Twaddle [Downloadable!]
• Impact of the exchange rate on export volumes
  by Mark Smith [Downloadable!]
• Editor's Note
  by Anonymous [Downloadable!]

• 1 Summary of a new Reserve Bank of New Zealand paper: Overview of New Zealand financial sector regulation
  by Geof Mortlock [Downloadable!]
• 2 Monetary policy and the volatility of real exchange rates in New Zealand
  by David Hargreaves [Downloadable!]
• 6 Risk management in the Reserve Bank: a 2003 perspective
  by Steve Anderson [Downloadable!]
• 8 International efforts to combat the financing of terrorism
  by Ken Matthews [Downloadable!]
• 11 Neutral real interest rates revisited
  by Nils Björksten & Özer Karagedikli [Downloadable!]
• Financial intermediation beyond the banks: recent developments
  by Clive Thorp [Downloadable!]
• 13 Developments in the New Zealand banking industry
  by Andrew Rodgers [Downloadable!]
• Recent developments in New Zealand's financial stability
  by Micahel Gordon & Leslie Hull & Clive Thorp [Downloadable!]
• Investing in a low inflation world
  by Dr Alan Bollard [Downloadable!]
• After the National Bank acquisition: living with big Australian banks
  by Dr Alan Bollard [Downloadable!]
• The Reserve Bank inflation calculator
  by Graham Howard & Matthew Wright [Downloadable!]
• The relationship between inflation expectations survey data and inflation
  by Satish Ranchhod [Downloadable!]
• New Zealand's financial sector regulation
  by Geof Mortlock [Downloadable!]
• 2 Has the rate of economic growth changed? Evidence and lessons for monetary policy
  by Christopher Plantier [Downloadable!]
• Extract from an address to the Property Council of New Zealand
  by Dr Alan Bollard [Downloadable!]
• Financial system regulation in New Zealand: paper presented during a speech to the Finance Sector Ombudsman Conference (speech)
  by Dr Alan Bollard & Tim Ng [Downloadable!]
• Corporate governance in the financial sector
  by Dr Alan Bollard [Downloadable!]
• Making sense of a rising exchange rate
  by Dr Alan Bollard [Downloadable!]

• An indebted people
  by Dr Don Brash [Downloadable!]
• Inflation targeting 14 years on
  by Dr Don Brash [Downloadable!]
• Polymer bank notes
  by Brian Lang [Downloadable!]
• Extracting market expectations from option prices?
  by Aron Gereben [Downloadable!]
• Managing human resources - a central bank perspective
  by Donna Hickey & Geof Mortlock [Downloadable!]
• The Reserve Bank's external communications
  by Paul Jackman [Downloadable!]
• Exchange rate strategies for small open developed economies such as New Zealand
  by Nils Bjorksten & Anne-Marie Brook [Downloadable!]
• The Taylor Rule and its relevance to New Zealand monetary policy
  by Chris Plantier & Dean Scrimgeour [Downloadable!]
• Developments in credit markets over two decades
  by Clive Thorp [Downloadable!]
• Developments in the New Zealand banking industry
  by Denys Bruce [Downloadable!]
• Corporate governance in the financial sector
  by Geof Mortlock [Downloadable!]
• The role of the Reserve Bank's macro model in the formation of interest rate projections
  by Tim Hampton [Downloadable!]
• Results of Bulletin readers survey
  by Anonymous [Downloadable!]
• Strengthening market disciplines in the financial sector
  by Geof Mortlock [Downloadable!]
• Recent developments in New Zealand's financial stability
  by Aron Gereben & Leslie Hull & Ian Woolford [Downloadable!]
• An optimal inflation target for New Zealand: lessons from the literature
  by Anne-Marie Brook & Özer Karagedikli & Dean Scrimgeour [Downloadable!]
• The evolution of monetary policy in New Zealand: a speech to the Rotary Club of Wellington
  by Dr Alan Bollard [Downloadable!]
• Corporate behaviour and the balance of payments
  by Leslie Hull [Downloadable!]
• Managing New Zealand's foreign reserves
  by Tore Hayward & Paxton McKenzie & Warren Potter [Downloadable!]
• The Reserve Bank's forecasting performance
  by Sharon McCaw & Satish Ranchhod [Downloadable!]

• What is the neutral real interest rate, and how can we use it?
  by Joanne Archibald & Leni Hunter [Downloadable!]
• Independent review of the operation of monetary policy: final outcomes
  by Joanne Archibald [Downloadable!]
• Monetary policy in interesting times
  by Dr Don Brash [Downloadable!]
• Policy lessons on promoting financial stability
  by Anonymous [Downloadable!]
• The current state of New Zealand monetary union research
  by Nils Bjorksten [Downloadable!]
• Foreign exchange settlement risk survey
  by Andrew Rodgers [Downloadable!]
• Trends in foreign exchange trading
  by Lauren Rosborough [Downloadable!]
• International capital flows, external debt, and New Zealand financial stability
  by Michael Reddell & Ian Woolford & Sean Comber [Downloadable!]
• Central banks: what they can and cannot do
  by Dr Don Brash [Downloadable!]
• Making monetary policy: a look behind the curtains
  by Dr Don Brash [Downloadable!]
• Does a stitch in time save nine?
  by Aaron Drew & L Christopher Plantier [Downloadable!]
• Central bank corporate governance, financial management, and transparency
  by Richard Perry & Financial Services Group [Downloadable!]
• Reserve Bank Non-Executive Director's Committee response to the Svensson Report
  by Hon. Michael Cullen [Downloadable!]
• The Reserve Bank's Submission to the Minister of Finance on the Monetary Policy Review
  by Dr Don Brash [Downloadable!]
• Independent review of the operation of monetary policy in New Zealand
  by Professor Lars E O Svensson [Downloadable!]
• Banking on capital punishment
  by Dr Rod Carr [Downloadable!]
• Promoting financial stability: the New Zealand approach
  by Dr Don Brash [Downloadable!]
• Should the Reserve Bank have eased as fast as the Federal Reserve?
  by Dr Don Brash [Downloadable!]
• Market expectations of the Official Cash Rate
  by Leo Krippner & Michael Gordon [Downloadable!]
• Recent trends in household financial assets and liabilities
  by Clive Thorp & Bun Ung [Downloadable!]
• Developments in the New Zealand banking industry
  by Loretta DeSourdy [Downloadable!]
• Faster Growth? If we want it
  by Dr Don Brash [Downloadable!]
• Comments by Dr Don Brash on: Three perspectives on an Australasian Currency Union
  by Dr Don Brash [Downloadable!]
• Central Banking: back to the future
  by Bruce White [Downloadable!]
• Macro-financial stability and macroprudential analysis
  by Ian Woolford [Downloadable!]

• Inflation targeting in New Zealand, 1988-2000
  by Dr Don Brash. [Downloadable!]
• The building blocks of economic growth
  by Dr Don Brash. [Downloadable!]
• Y2K and banking system liquidity
  by Tim Hampton [Downloadable!]
• How New Zealand adjusts to macroeconomic shocks: implications for joining a currency area
  by Sharon McCaw & C John McDermott [Downloadable!]
• Can hedging insulate firms from exchange rate risk
  by David Hargreaves & Andy Brookes & Carrick Lucas & Bruce White [Downloadable!]
• The process of economic growth in New Zealand
  by Paul Conway & Adrian Orr [Downloadable!]
• Central banks and financial system stability in an uncertain world
  by Dr Don Brash [Downloadable!]
• The pros and cons of currency union: a Reserve Bank perspective
  by Dr Don Brash [Downloadable!]
• Foreign reserves: some observations in an Asian context
  by Murray Sherwin [Downloadable!]
• Will the Reserve Bank choke the recovery
  by Dr Don Brash [Downloadable!]
• The Official Cash Rate one year on
  by Andy Brookes & Tim Hampton [Downloadable!]
• Maintaining financial system stability: the role of macro-prudential indicators
  by Christian Hawkesby [Downloadable!]
• Trends in household assets and liabilities since 1978
  by Clive Thorp & Bun Ung [Downloadable!]

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This page was last updated on 2009-10-31.