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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

Author

Listed:
  • Robert A. Buckle
  • Aaron Drew

    (Reserve Bank of New Zealand)

Abstract

The Treasury and the Reserve Bank of New Zealand hosted a conference during December 10-11, 2007 on the business cycle, housing and the role of policy. Research presented included investigations of recent shocks to the New Zealand business cycle, including the role of housing and the influence of fiscal policies. Research considering the monetary policy transmission mechanism and the roles that fiscal and prudential policies might play in macroeconomic stabilisation was also discussed. In this article, we summarise the themes and insights from this workshop and suggest areas for future work that will aid policy advice.

Suggested Citation

  • Robert A. Buckle & Aaron Drew, 2008. "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," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 71, March.
    • Handle: RePEc:nzb:nzbbul:march2008:6
    as

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    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2008/2008mar71-1buckledrew.pdf
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    References listed on IDEAS

    as
    1. Felicity C Barker & Robert A Buckle & Robert W St Clair, 2008. "Roles of Fiscal Policy in New Zealand," Treasury Working Paper Series 08/02, New Zealand Treasury.
    2. Felix Delbrück & Ashley Dunstan & David Hargreaves & Ashley Lienert & Hamish Pepper & Cath Sleeman, 2008. "The evolution of the Forecasting and Policy System (FPS) at the Reserve Bank of New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2008/19, Reserve Bank of New Zealand.
    3. Tim Ng, 2008. "‘Automatic’ cycle-stabilising capital requirements: what can be achieved?," Reserve Bank of New Zealand Discussion Paper Series DP2008/04, Reserve Bank of New Zealand.
    4. Phil Briggs, 2007. "Lessons learned from the Economics Department's research work on household balance sheets and related issues," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 70, December.
    5. Bob Buckle & Aaron Drew, 2006. "Testing stabilisation policy limits in a small open economy: editor's summary of a macroeconomic policy forum," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 69, pages 1-9, December.
    6. David Hargreaves, 2008. "The tax system and housing demand in New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2008/06, Reserve Bank of New Zealand.
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