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New Zealand: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper analyzes the effect of international migration on unemployment in New Zealand. The empirical results in this paper suggest that net migration inflows give rise to a fall in the unemployment rate. The paper estimates a system of equations including the unemployment rate, real wage, net migration rate, and labor force participation rate, taking into account the interdependence of the variables. It also examines the impact of exchange rate volatility on export firms’ decisions to hedge foreign exchange exposure.

Suggested Citation

  • International Monetary Fund, 2005. "New Zealand: Selected Issues," IMF Staff Country Reports 2005/153, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2005/153
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    References listed on IDEAS

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    1. Hurst, Erik & Stafford, Frank, 2004. "Home Is Where the Equity Is: Mortgage Refinancing and Household Consumption," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 36(6), pages 985-1014, December.
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    4. Stijn Van Nieuwerburgh & Hanno Lustig, 2004. "Housing Collateral and Consumption Insurance Across US Regions," 2004 Meeting Papers 548, Society for Economic Dynamics.
    5. Leslie Hull, 2003. "Financial deregulation and household indebtedness," Reserve Bank of New Zealand Discussion Paper Series DP2003/01, Reserve Bank of New Zealand.
    6. Guy Debelle, 2004. "Macroeconomic implications of rising household debt," BIS Working Papers 153, Bank for International Settlements.
    7. Clive Thorp & Bun Ung, 2000. "Trends in household assets and liabilities since 1978," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 63, June.
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