Some perspectives on past recessions
AbstractAs the economy slows in 2008, this article sketches out some key features of past recessions in New Zealand – all the downturns since the mid-1960s, plus the Depression of the 1930s. Each recession was triggered, in significant part, by international events, but each was exacerbated, in part, by domestic pressures or imbalances. History doesn’t mechanically repeat itself, but these past experiences are a sobering backdrop against which to consider the outlook for the New Zealand economy over the next year or two.
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Bibliographic InfoArticle provided by Reserve Bank of New Zealand in its journal Reserve Bank of New Zealand Bulletin.
Volume (Year): 71 (2008)
Issue (Month): (June)
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- Bordo, Michael & Hargreaves, David & Kida, Mizuho, 2011.
"Global shocks, economic growth and financial crises: 120 years of New Zealand experience,"
Financial History Review,
Cambridge University Press, vol. 18(03), pages 331-355, December.
- Michael D. Bordo & David Hargreaves & Mizuho Kida, 2009. "Global shocks, economic growth and financial crises: 120 years of New Zealand experience," Reserve Bank of New Zealand Discussion Paper Series DP2009/17, Reserve Bank of New Zealand.
- Michael D. Bordo & David Hargreaves & Mizuho Kida, 2010. "Global shocks, economic growth and financial crises: 120 years of New Zealand experience," NBER Working Papers 16027, National Bureau of Economic Research, Inc.
- Ralph Lattimore & Trinh Le & Iris Claus & Adolf Stroombergen., 2009.
"Economic progress and puzzles : Long-term structural change in the New Zealand economy, 1953-2006,"
Macroeconomics Working Papers
23006, East Asian Bureau of Economic Research.
- Lattimore, Ralph & Le, Trinh & Claus, Iris & Stroombergen, Adolf, 2009. "Economic progress and puzzles : Long-term structural change in the New Zealand economy, 1953-2006," NZIER Working Paper 2009/6, New Zealand Institute of Economic Research.
- McKelvie, S. & Hall, Viv B., 2012. "Stylised facts for New Zealand business cycles: A post-1987 perspective," Working Paper Series 2364, Victoria University of Wellington, School of Economics and Finance.
- Rebecca Craigie & David Gillmore & Nicolas Groshenny, 2012. "Not a jobless recovery, just a slow one," Reserve Bank of New Zealand Analytical Notes series AN2012/06, Reserve Bank of New Zealand.
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