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New Zealand: 2013 Article IV Consultation

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  • International Monetary Fund

Abstract

New Zealand’s economy continued to grow at a moderate rate, in part reflecting the effects of the recent drought and inflation. The macroeconomic policy has been framed to absorb adverse shocks with flexible exchange rates to serve as buffer. The planned pace of deficit reduction is balanced between sustaining aggregate demand and limiting public debt growth. Recent stress tests also showed that major banks could withstand a sizable shock to output, terms of trade, rising unemployment, and a fall in property prices.

Suggested Citation

  • International Monetary Fund, 2013. "New Zealand: 2013 Article IV Consultation," IMF Staff Country Reports 2013/117, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/117
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=40533
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    Citations

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    Cited by:

    1. Anne-Marie Brook, 2014. "Options to Narrow New Zealand’s Saving – Investment Imbalance," Treasury Working Paper Series 14/17, New Zealand Treasury.
    2. Salim M. Darbar & Xiaoyong Wu, 2016. "Experiences with Macroprudential Policy — Five Case Studies," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 7(03), pages 1-34, October.
    3. International Monetary Fund, 2016. "New Zealand: Selected Issues," IMF Staff Country Reports 2016/040, International Monetary Fund.
    4. Ding Ding & Mr. Werner Schule & Ms. Yan M Sun, 2014. "Cross-Country Experience in Reducing Net Foreign Liabilities: Lessons for New Zealand," IMF Working Papers 2014/062, International Monetary Fund.

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