Publications

by members of

Reserve Bank of New Zealand
Wellington, New Zealand

Working papers

2009

1. Nicolas Groshenny, 2009. "Evaluating a monetary business cycle model with unemployment for the euro area," Research series 200907-27, National Bank of Belgium. [Downloadable!]
2. Nicolas Groshenny, 2009. "Evaluating a monetary business cycle model with unemployment for the euro area," Reserve Bank of New Zealand Discussion Paper Series DP2009/08, Reserve Bank of New Zealand. [Downloadable!]
3. Richard Fabling & Lynda Sanderson, 2009. "Entrepreneurship and aggregate merchandise trade growth in New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2009/09, Reserve Bank of New Zealand. [Downloadable!]
4. Hilde C. Bjørnland & Karsten Gerdrup & Anne Sofie Jore & Christie Smith & Leif Anders Thorsrud, 2009. "Does forecast combination improve Norges Bank inflation forecasts?," Working Paper 2009/01, Norges Bank. [Downloadable!]
5. Christie Smith, 2009. "Revealing monetary policy preferences," Reserve Bank of New Zealand Discussion Paper Series DP2009/01, Reserve Bank of New Zealand. [Downloadable!]
6. Chris Bloor & Troy Matheson, 2009. "Real-time conditional forecasts with Bayesian VARs: An application to New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2009/02, Reserve Bank of New Zealand. [Downloadable!]

2008

1. Mizuho Kida, 2008. "A macro stress testing model with feedback effects," Reserve Bank of New Zealand Discussion Paper Series DP2008/08, Reserve Bank of New Zealand. [Downloadable!]
2. 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. [Downloadable!]
3. Emmanuel De Veirman & Ashley Dunstan, 2008. "How do Housing Wealth, Financial Wealth and Consumption Interact? Evidence from New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2008/05, Reserve Bank of New Zealand. [Downloadable!]
4. Macallan, Clare & Millard, Stephen & Parker, Miles, 2008. "The cyclicality of mark-ups and profit margins for the United Kingdom: some new evidence," Bank of England working papers 351, Bank of England. [Downloadable!]
5. Philip McCann & Jacques Poot & Lynda Sanderson, 2008. "Migration, Relationship Capital and International Travel: Theory and Evidence," Working Papers in Economics 08/12, University of Waikato, Department of Economics. [Downloadable!]
6. Philip McCann & Jacques Poot & Lynda Sanderson, 2008. "Migration, Relationship Capital and International Travel: Theory and Evidence," CReAM Discussion Paper Series 00808, Centre for Research and Analysis of Migration (CReAM), Department of Economics, University College London. [Downloadable!]
7. Richard Fabling & Arthur Grimes, 2008. "Over the hedge? Exporters' optimal and selective hedging choices," Reserve Bank of New Zealand Discussion Paper Series DP2008/14, Reserve Bank of New Zealand. [Downloadable!]
8. Özer Karagedikli & Pierre L. Siklos, 2008. "Explaining Movements in the NZ Dollar - Central Bank Communication and the Surprise Element in Monetary Policy?," Reserve Bank of New Zealand Discussion Paper Series DP2008/02, Reserve Bank of New Zealand. [Downloadable!]
9. Aaron Drew & Özer Karagedikli, 2008. "Some benefits of monetary policy transparency in New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2008/01, Reserve Bank of New Zealand. [Downloadable!]
10. Andrew Coleman & Özer Karagedikli, 2008. "The Relative Size of New Zealand Exchange Rate and Interest Rate Responses to News," Working Papers 08_08, Motu Economic and Public Policy Research. [Downloadable!]
11. Özer Karagedikli & Rishab Sethi & Christie Smith & Aaron Drew, 2008. "Changes in the transmission mechanism of monetary policy in New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2008/03, Reserve Bank of New Zealand. [Downloadable!]
12. Özer Karagedikli & Troy Matheson & Christie Smith & Shaun Vahey, 2008. "RBCs and DSGEs: The Computational Approach to Business Cycle Theory and Evidence," Working Paper 2008/17, Norges Bank. [Downloadable!]
13. Andrew Coleman & Özer Karagedikli, 2008. "The relative size of New Zealand exchange rate and interest rate responses to news," Reserve Bank of New Zealand Discussion Paper Series DP2008/12, Reserve Bank of New Zealand. [Downloadable!]
14. Jaromír Beneš & Andrew Binning & Kirdan Lees, 2008. "Incorporating judgement with DSGE models," Reserve Bank of New Zealand Discussion Paper Series DP2008/10, Reserve Bank of New Zealand. [Downloadable!]
15. Martin Fukac, 2008. "Heterogeneous Expectations, Adaptive Learning,and Forward-Looking Monetary Policy," Reserve Bank of New Zealand Discussion Paper Series DP2008/07, Reserve Bank of New Zealand. [Downloadable!]
16. Martin Fukac & Adrian Pagan, 2008. "Limited Information Estimation and Evaluation of DSGE Models," Reserve Bank of New Zealand Discussion Paper Series DP2008/11, Reserve Bank of New Zealand. [Downloadable!]
17. Michael Kirker, 2008. "Does natural rate variation matter? Evidence from New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2008/17, Reserve Bank of New Zealand. [Downloadable!]
18. John McDermott & Peter McMenamin, 2008. "Assessing Inflation Targeting in Latin America With a DSGE Model," Working Papers Central Bank of Chile 469, Central Bank of Chile. [Downloadable!]
19. Viv Hall & John McDermott, 2008. "An Unobserved Components Common Cycle For Australia? Implications For A Common Currency," CAMA Working Papers 2008-11, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
20. Chris Bloor & Troy Matheson, 2008. "Analysing shock transmission in a data-rich environment: A large BVAR for New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2008/09, Reserve Bank of New Zealand. [Downloadable!]

2007

1. Emmanuel De Veirman, 2007. "Which Nonlinearity in the Phillips Curve? The Absence of Accelerating Deflation in Japan," Economics Working Paper Archive 536, The Johns Hopkins University,Department of Economics. [Downloadable!]
2. Emmanuel De Veirman, 2007. "Which nonlinearity in the Phillips curve? The absence of accelerating deflation in Japan," Reserve Bank of New Zealand Discussion Paper Series DP2007/14, Reserve Bank of New Zealand. [Downloadable!]
3. Jacques Poot & Lynda Sanderson, 2007. "Changes in social security eligibility and the international mobility of New Zealand citizens in Australia," CReAM Discussion Paper Series 0712, Centre for Research and Analysis of Migration (CReAM), Department of Economics, University College London. [Downloadable!]
4. Jacques Poot & Lynda Sanderson, 2007. "Changes in Social Security Eligibility and the International Mobility of New Zealand Citizens in Australia," Population Studies Centre Discussion Papers dp-65, University of Waikato, Population Studies Centre. [Downloadable!]
5. Özer Karagedikli & Troy Matheson & Christie Smith & Shaun P. Vahey, 2007. "RBCs and DSGEs:The Computational Approach to Business Cycle Theory and Evidence," Reserve Bank of New Zealand Discussion Paper Series DP2007/15, Reserve Bank of New Zealand. [Downloadable!]
6. Kirdan Lees & Troy Matheson & Christie Smith, 2007. "Open economy DSGE-VAR forecasting and policy analysis - head to head with the RBNZ published forecasts," Reserve Bank of New Zealand Discussion Paper Series DP2007/01, Reserve Bank of New Zealand. [Downloadable!]
7. Kirdan Lees & Troy Matheson & Christie Smith, 2007. "Open Economy Dsge-Var Forecasting And Policy Analysis: Head To Head With The Rbnz Published Forecasts," CAMA Working Papers 2007-05, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
8. Alfred A Haug & Christie Smith, 2007. "Local linear impulse responses for a small open economy," Reserve Bank of New Zealand Discussion Paper Series DP2007/09, Reserve Bank of New Zealand. [Downloadable!]
9. Christie Smith, 2007. "Conditioning and Hessians in analytical and numerical optimization - Some illustrations," Reserve Bank of New Zealand Discussion Paper Series DP2007/06, Reserve Bank of New Zealand. [Downloadable!]
10. Viv Hall & John McDermott, 2007. "A Quarterly Post-World War II Real GDP Series for New Zealand," Working Papers 07_13, Motu Economic and Public Policy Research. [Downloadable!]

2006

1. Áron Gereben & György Gyomai & Norbert Kiss M., 2006. "Customer order flow, information and liquidity on the Hungarian foreign exchange market," MNB Working Papers 2006/8, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
2. James Twaddle & David Hargreaves & Tim Hampton, 2006. "Other stabilisation objectives within an inflation targeting regime: Some stochastic simulation experiments," Reserve Bank of New Zealand Discussion Paper Series DP2006/04, Reserve Bank of New Zealand. [Downloadable!]
3. Miles Parker, 2006. "Diverging Trends in Aggregate and Firm-Level Volatility in the UK," Discussion Papers 16, Monetary Policy Committee Unit, Bank of England. [Downloadable!]
4. Mark Crosby & Tim Kam & Kirdan Lees, 2006. "How costly is exchange rate stabilisation for an inflation targeter? The case of Australia," Reserve Bank of New Zealand Discussion Paper Series DP2006/07, Reserve Bank of New Zealand. [Downloadable!]
5. Kirdan Lees, 2006. "What do robust policies look like for open economy inflation targeters?," Reserve Bank of New Zealand Discussion Paper Series DP2006/08, Reserve Bank of New Zealand. [Downloadable!]
6. Timothy Kim & Kirdan Lees & Philip Liu, 2006. "Uncovering the Hit-list for Small Inflation Targeters: A Bayesian Structural Analysis," Reserve Bank of New Zealand Discussion Paper Series DP2006/09, Reserve Bank of New Zealand. [Downloadable!]
7. Timothy Kam & Kirdan Lees & Philip Liu, 2006. "Uncovering The Hit-List For Small Inflation Targeters: A Bayesian Structural Analysis," CAMA Working Papers 2006-24, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
8. Timothy Kam & Kirdan Lees & Philip Liu, 2006. "Uncovering The Hit-List For Small Inflation Targeters: A Bayesian Structural Analysis," ANUCBE School of Economics Working Papers 2006-473, Australian National University, College of Business and Economics, School of Economics. [Downloadable!]
9. Martin Fukac & Adrian Pagan, 2006. "Issues In Adopting Dsge Models For Use In The Policy Process," CAMA Working Papers 2006-10, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
10. Martin Fukac & Adrian Pagan, 2006. "Limited Information Estimation and Evaluation of DSGE Models. Working paper #6," NCER Working Paper Series 6, National Centre for Econometric Research. [Downloadable!]
11. Martin Fukac, 2006. "New Keynesian Model Dynamics under Heterogeneous Expectations and Adaptive Learning," Working Papers 2006/5, Czech National Bank, Research Department. [Downloadable!]
12. Martin Fukac & Adrian Pagan, 2006. "Issues in Adopting DSGE Models for Use in the Policy Process," Working Papers 2006/6, Czech National Bank, Research Department. [Downloadable!]
13. Viv B. Hall & C. John McDermott, 2006. "The New Zealand Business Cycle: Return To Golden Days?," CAMA Working Papers 2006-21, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]

2005

1. Áron Gereben & Klára Pintér, 2005. "Implied volatility of foreign exchange options: is it worth tracking?," MNB Occasional Papers 2005/39, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
2. Áron Gereben & György Gyomai & Norbert Kiss M., 2005. "The microstructure approach to exchange rates: a survey from a central bank’s viewpoint," MNB Occasional Papers 2005/42, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
3. L Christopher Plantier & Ozer Karagedikli, 2005. "Do so-called multivariate filters have better revision properties? An empirical analysis," Computing in Economics and Finance 2005 250, Society for Computational Economics. [Downloadable!]
4. Sam Warburton & Kirdan Lees, 2005. "A happy "halfway-house"? Medium term inflation targeting in New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2005/03, Reserve Bank of New Zealand. [Downloadable!]
5. Kirdan Lees & Troy Matheson, 2005. "Mind your Ps and Qs! Improving ARMA forecasts with RBC priors," Reserve Bank of New Zealand Discussion Paper Series DP2005/02, Reserve Bank of New Zealand. [Downloadable!]
6. Martin Fukac, 2005. "Inflation Expectations in the Czech Interbank Market," CERGE-EI Working Papers wp253, The Center for Economic Research and Graduate Education - Economic Institute, Prague. [Downloadable!]
7. Martin Fukac, 2005. "Should Private Expectations Concern Central Bankers?," CERGE-EI Working Papers wp277, The Center for Economic Research and Graduate Education - Economic Institute, Prague. [Downloadable!]
8. Viv B Hall & C. John McDermott, 2005. "Regional business cycles in New Zealand:Do they exist? What might drive them?," Urban/Regional 0509013, EconWPA. [Downloadable!]

2004

1. Melleny Black & Áron Gereben & Ian Woolford, 2004. "The macroeconomic impacts of a foot-and-mouth disease outbreak: an information paper for Department of the Prime Minister and Cabinet," Others 0411006, EconWPA. [Downloadable!]
2. Richard Fabling & Arthur Grimes, 2004. "Insolvency and Economic Development:Regional Variation and Adjustment," Development and Comp Systems 0404006, EconWPA. [Downloadable!]
3. Richard Fabling & Arthur Grimes, 2004. "Insolvency and Economic Development: Regional Variation and Adjustment," Working Papers 03_18, Motu Economic and Public Policy Research. [Downloadable!]
4. Olivier Basdevant & Nils Björksten & Özer Karagedikli, 2004. "Estimating a time varying neutral real interest rate for New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP 2004/01, Reserve Bank of New Zealand. [Downloadable!]
5. Nils Björksten & Arthur Grimes & Özer Karagedikli & Christopher Plantier, 2004. "What can the Taylor rule tell us about a currency union between New Zealand and Australia?," Reserve Bank of New Zealand Discussion Paper Series DP 2004/05, Reserve Bank of New Zealand. [Downloadable!]
6. Özer Karagedikli & Kirdan Lees, 2004. "Do inflation targeting central banks behave asymmetrically? Evidence from Australia and New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP 2004/02, Reserve Bank of New Zealand. [Downloadable!]
7. Viv Hall & C. John McDermott, 2004. "Regional business cycles in New Zealand: Do they exist? What might drive them?," Working Papers 04_10, Motu Economic and Public Policy Research. [Downloadable!]
8. Paul Cashin & C. John McDermott, 2004. "Parity Reversion in Real Exchange Rates: Fast, Slow or Not at All?," IMF Working Papers 04/128, International Monetary Fund. [Downloadable!]
9. Viv. B Hall & McDermott C. John, 2004. "Regional Business Cycles in New Zealand: Do they exist? What might drive them?," ERSA conference papers ersa04p200, European Regional Science Association. [Downloadable!]

2003

1. Kam Leong Szeto & Paul Gardiner & Richard Gray & David Hargreaves, 2003. "A Comparison of the NZTM and FPS Models of the New Zealand Economy," Treasury Working Paper Series 03/25, New Zealand Treasury. [Downloadable!]
2. Olivier Basdevant & David Hargreaves, 2003. "Modelling structural change: the case of New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2003/03, Reserve Bank of New Zealand. [Downloadable!]
3. Alfred A Haug & Ozer Karagedikli & Satish Ranchhoud, 2003. "Monetary policy transmission mechanisms and currency unions: A vector error correction approach to a Trans-Tasman currency union," Reserve Bank of New Zealand Discussion Paper Series DP2003/04, Reserve Bank of New Zealand. [Downloadable!]
4. Alfred A. Haug & Ozer Karagedikli & Satish Ranchhod, 2003. "Monetary policy transmission mechanisms and currency unions A vector error correction approach to a Trans-Tasman currency union," Working Papers 2003_2, York University, Department of Economics. [Downloadable!]
5. Kirdan Lees, 2003. "The stabilisation problem: the case of New Zealand," Reserve Bank of New Zealand Discussion Paper Series DP2003/08, Reserve Bank of New Zealand. [Downloadable!]

2002

1. Aron Gereben, 2002. "Extracting market expectations from option prices: an application to over-the-counter New Zealand dollar options," Reserve Bank of New Zealand Discussion Paper Series DP2002/04, Reserve Bank of New Zealand. [Downloadable!]
2. Nick Davis & Richard Fabling, 2002. "Population Ageing and the Efficiency of Fiscal Policy in New Zealand," Treasury Working Paper Series 02/11, New Zealand Treasury. [Downloadable!]
3. Christie Smith, 2002. "Currency unions and gravity models revisited," Reserve Bank of New Zealand Discussion Paper Series DP2002/07, Reserve Bank of New Zealand. [Downloadable!]

2001

1. Anne-Marie Brook & David Hargreaves, 2001. "PPP-based analysis of New Zealand's equilibrium exchange rate," Reserve Bank of New Zealand Discussion Paper Series DP2001/01, Reserve Bank of New Zealand. [Downloadable!]
2. Paul Cashin & C. John McDermott, 2001. "The Long-Run Behavior of Commodity Prices: Small Trends and Big Variability," IMF Working Papers 01/68, International Monetary Fund. [Downloadable!]
3. Paul Cashin & C. John McDermott, 2001. "An Unbiased Appraisal of Purchasing Power Parity," IMF Working Papers 01/196, International Monetary Fund.
4. Aaron Drew & Viv Hall & John McDermott & Robert St. Clair, 2001. "Would adopting the Australian dollar provide superior monetary policy in New Zealand?," Reserve Bank of New Zealand Discussion Paper Series DP2001/03, Reserve Bank of New Zealand. [Downloadable!]

2000

1. Anne-Marie Brook & David Hargreaves, 2000. "A macroeconomic balance measure of New Zealand's equilibrium exchange rate," Reserve Bank of New Zealand Discussion Paper Series DP2000/09, Reserve Bank of New Zealand. [Downloadable!]
2. Yuong Ha, 2000. "Uncertainty about the length of the monetary policy transmission lag: implications for monetary policy," Reserve Bank of New Zealand Discussion Paper Series DP2000/01, Reserve Bank of New Zealand. [Downloadable!]
3. C. John McDermott & Alasdair Scott, 2000. "Concordance in Business Cycles," IMF Working Papers 00/37, International Monetary Fund.

1999

1. Áron Gereben, 1999. "The Interbank Money Market in Hungary," MNB Occasional Papers 1999/7, Magyar Nemzeti Bank (The Central Bank of Hungary). [Downloadable!]
2. David Hargreaves, 1999. "SDS-FPS: a small demand-side version of the Forecasting and Policy System core model," Reserve Bank of New Zealand Discussion Paper Series G99/10, Reserve Bank of New Zealand. [Downloadable!]
3. Ha, Yuong, 1999. "Uncertainty about Length of the Monetary Policy Transmission Lag: Implications for Monetary Policy," Working Paper Series 94, Sveriges Riksbank (Central Bank of Sweden). [Downloadable!]
4. Eswar Prasad & Pierre-Richard Agénor & C. John McDermott, 1999. "Macroeconomic Fluctuations in Developing Countries - Some Stylized Facts," IMF Working Papers 99/35, International Monetary Fund.
5. Paul Cashin & Hong Liang & C. John McDermott, 1999. "How Persistent Are Shocks to World Commodity Prices?," IMF Working Papers 99/80, International Monetary Fund.
6. Paul Cashin & C John McDermott & Alasdair Scott, 1999. "The myth of co-moving commodity prices," Reserve Bank of New Zealand Discussion Paper Series G99/9, Reserve Bank of New Zealand. [Downloadable!]
7. Paul Cashin & C. John McDermott & Alasdair Scott, 1999. "The Myth of Comoving Commodity Prices," IMF Working Papers 99/169, International Monetary Fund.
8. Paul Cashin & C. John McDermott & Alasdair Scott, 1999. "Booms and Slumps in World Commodity Prices," IMF Working Papers 99/155, International Monetary Fund.
9. Paul Cashin & C John McDermott & Alasdair Scott, 1999. "Booms and slumps in world commodity prices," Reserve Bank of New Zealand Discussion Paper Series G99/8, Reserve Bank of New Zealand. [Downloadable!]
10. C John McDermott & Alasdair Scott, 1999. "Concordance in business cycles," Reserve Bank of New Zealand Discussion Paper Series G99/7, Reserve Bank of New Zealand. [Downloadable!]
11. Cashin, P. & McDermott, C.J., 1999. "Terms of Trade Shocks and the Current Account," Department of Economics - Working Papers Series 678, The University of Melbourne.
12. Cashin, P. & McDermott, C.J., 1999. "International Capital flows and National Creditworthiness: Examining Australia's Current Account," Department of Economics - Working Papers Series 679, The University of Melbourne.

1998

1. Paul Cashin & C. John McDermott, 1998. "Terms of Trade Shocks and the Current Account," IMF Working Papers 98/177, International Monetary Fund.
2. Paul Cashin & C. John McDermott, 1998. "International Capital Flows and National Creditworthiness-Do the Fundamental Things Apply as Time Goes By?," IMF Working Papers 98/172, International Monetary Fund.

1997

1. E. Murat Ucer & Pierre-Richard Agénor & C. John McDermott, 1997. "Fiscal Imbalances, Capital Inflows, and the Real Exchange Rate: The Case of Turkey," IMF Working Papers 97/1, International Monetary Fund.
2. Cashin, P. & McDermott, C. J., 1997. "'Riding on the Sheep's Back': Examining Australia's Dependence on Wool Exports," Department of Economics - Working Papers Series 585, The University of Melbourne.
3. Cashin, P. & McDermott, C. J., 1997. "Testing the Consumption-Capm in Developing Equity Markets," Department of Economics - Working Papers Series 593, The University of Melbourne.

1996

1. C. John McDermott, 1996. "Estimation of the Near Unit Root Model of Real Exchange Rates," IMF Working Papers 96/50, International Monetary Fund.
2. David T. Coe & C. John McDermott, 1996. "Does the Gap Model Work in Asia?," IMF Working Papers 96/69, International Monetary Fund.
3. Paul Cashin & C. John McDermott, 1996. "Are Australia's Current Account Deficits Excessive?," IMF Working Papers 96/85, International Monetary Fund.
4. C. John McDermott & Robert F. Westcott, 1996. "An Empirical Analysis of Fiscal Adjustments," IMF Working Papers 96/59, International Monetary Fund.
5. Agenor, P.R. & Bismut, C. & Cashin, P. & McDermott, C.J., 1996. "Consumption Smoothing and the Current Account: Evidence for France, 1970-94," Department of Economics - Working Papers Series 518, The University of Melbourne.

1995

1. Paul Cashin & Manmohan S. Kumar & C. John McDermott, 1995. "International Integration of Equity Markets and Contagion Effects," IMF Working Papers 95/110, International Monetary Fund.
2. Paul Cashin & Pierre-Richard Agénor & C. John McDermott & Claude Bismut, 1995. "Consumption Smoothing and the Current Account - Evidence for France, 1970-94," IMF Working Papers 95/119, International Monetary Fund.
3. Paul Cashin & C. John McDermott, 1995. "Informational Efficiency in Developing Equity Markets," IMF Working Papers 95/58, International Monetary Fund.

1993

1. Donald W.K. Andrews & C. John McDermott, 1993. "Nonlinear Econometric Models with Deterministically Trending Variables," Cowles Foundation Discussion Papers 1053, Cowles Foundation, Yale University. [Downloadable!]

1991

1. W Bartlett & J Cable & S Estrin & D Jones & C Smith, 1991. "Labour Managed vs Private Firms: An Empirical Comparison of Cooperatives and Private Firms in Central Italy," CEP Discussion Papers dp0017, Centre for Economic Performance, LSE.

Undated

1. McDermott, C. John & Wescott, Robert F., . "Fiscal Reforms That Work," IMF Economic Issues 4, International Monetary Fund. [Downloadable!]

Journal articles

2009

1. Mizuho Kida, 2009. "Financial vulnerability of mortgage-indebted households in New Zealand - evidence from the Household Economic Survey," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 72, pages 5-12, March. [Downloadable!]
2. Emmanuel De Veirman, 2009. "What Makes the Output-Inflation Trade-Off Change? The Absence of Accelerating Deflation in Japan," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(6), pages 1117-1140, 09. [Downloadable!] (restricted)
3. Lynda Sanderson, 2009. "Exchange rates and export performance: evidence from micro-data," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 72, pages 43-52, June. [Downloadable!]
4. Kirdan Lees, 2009. "Overview of a recent Reserve Bank workshop: nowcasting with model combination," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 72, pages 31-33, March. [Downloadable!]
5. Timothy Kam & Kirdan Lees & Philip Liu, 2009. "Uncovering the Hit List for Small Inflation Targeters: A Bayesian Structural Analysis," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(4), pages 583-618, 06. [Downloadable!] (restricted)
6. Kirdan Lees, 2009. "Introducing KITT: The Reserve Bank of New Zealand new DSGE model for forecasting and policy design," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 72, pages 5-20, June. [Downloadable!]
7. Hall, Viv B. & McDermott, C. John, 2009. "The New Zealand Business Cycle," Econometric Theory, Cambridge University Press, vol. 25(04), pages 1050-1069, August. [Downloadable!]
8. Chris Bloor, 2009. "The use of statistical forecasting models at the Reserve Bank of New Zealand," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 72, pages 21-26, June. [Downloadable!]

2008

1. Emmanuel De Veirman & Tim Ng, 2008. "Events precede ideas: Bob Gordon on macroeconomics," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 71, September. [Downloadable!]
2. Kirdan Lees, 2008. "The Inflation-Targeting Debate - Edited by Ben Bernanke and Michael Woodford," The Economic Record, The Economic Society of Australia, vol. 84(264), pages 136-138, 03. [Downloadable!] (restricted)
3. Mark Crosby & Timothy Kam & Kirdan Lees, 2008. "How Costly is Exchange Rate Stabilisation for an Inflation Targeter? The Case of Australia," The Economic Record, The Economic Society of Australia, vol. 84(266), pages 354-365, 09. [Downloadable!] (restricted)
4. Chris Bloor & Chris Hunt & Tim Ng & Hamish Pepper, 2008. "The use of money and credit measures in contemporary monetary policy," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 71, March. [Downloadable!]

2007

1. Gereben, Aron, 2007. "Elements of the Euro Area - Integrating Financial Markets, J. Berg, M. Grande, F.P. Mongelli, Ashgate Publishing (2005). p. 264, ISBN: 0 7546 4320 4," Journal of Banking & Finance, Elsevier, vol. 31(12), pages 3907-3908, December. [Downloadable!] (restricted)
2. Ashley Dunstan & David Hargreaves & Ozer Karagedikli, 2007. "The impact of fiscal policy on the business cycle," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 70, March. [Downloadable!]
3. Richard B. Fabling & Arthur Grimes, 2007. "Practice Makes Profit: Business Practices and Firm Success," Small Business Economics, Springer, vol. 29(4), pages 383-399, December. [Downloadable!] (restricted)
4. ÖZER KARAGEDIKLI & KIRDAN LEES, 2007. "Do the Central Banks of Australia and New Zealand Behave Asymmetrically? Evidence from Monetary Policy Reaction Functions," The Economic Record, The Economic Society of Australia, vol. 83(261), pages 131-142, 06. [Downloadable!] (restricted)
5. Aron Drew & Özer Karagedikli, 2007. "Some Benefits of Monetary-Policy Transparency in New Zealand," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 57(11-12), pages 521-539, December. [Downloadable!]
6. Lees, Kirdan & Matheson, Troy, 2007. "Mind your ps and qs! Improving ARMA forecasts with RBC priors," Economics Letters, Elsevier, vol. 96(2), pages 275-281, August. [Downloadable!] (restricted)
7. Lees, Kirdan, 2007. "How large are the gains to commitment policy and optimal delegation for New Zealand?," Journal of Macroeconomics, Elsevier, vol. 29(4), pages 959-975, December. [Downloadable!] (restricted)
8. Martin Fukac & Adrian R. Pagan, 2007. "Commentary on "An estimated DSGE model for the United Kingdom"," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 233-240. [Downloadable!]
9. Viv B. Hall & C. John McDermott, 2007. "Regional business cycles in New Zealand: Do they exist? What might drive them?," Papers in Regional Science, Blackwell Publishing, vol. 86(2), pages 167-191, 06. [Downloadable!] (restricted)

2006

1. Áron Gereben & Norbert Kiss M., 2006. "A brief overview of the characteristics of interbank forint/euro trading," MNB Bulletin, Magyar Nemzeti Bank (The Central Bank of Hungary), vol. 1(2), pages 21-26, December. [Downloadable!]
2. David Hargreaves & Hannah Kite & Bernard Hodgetts, 2006. "Modelling New Zealand inflation in a Phillips curve," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 69, September. [Downloadable!]
3. Grant Spencer & Ozer Karagedikli, 2006. "Modelling for monetary policy: the New Zealand experience," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 69, pages 8p., June. [Downloadable!]
4. Paul Cashin & C. John McDermott, 2006. "Parity Reversion in Real Exchange Rates: Fast, Slow, or Not at All?," IMF Staff Papers, Palgrave Macmillan Journals, vol. 53(1), pages 5. [Downloadable!] (restricted)

2005

1. Fabling, Richard & Grimes, Arthur, 2005. "Insolvency and economic development: Regional variation and adjustment," Journal of Economics and Business, Elsevier, vol. 57(4), pages 339-359. [Downloadable!] (restricted)
2. Haug, Alfred A. & Karagedikli, Ozer & Ranchhod, Satish, 2005. "Monetary policy transmission mechanisms and currency unions: A vector error correction approach to a Trans-Tasman currency union," Journal of Policy Modeling, Elsevier, vol. 27(1), pages 55-74, February. [Downloadable!] (restricted)
3. Martin Fukač, 2005. "Do the Measurements of Financial Market Inflation Expectations Yield Relevant Macroeconomic Information?," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 55(7-8), pages 344-362, July. [Downloadable!]

2004

1. NILS BJÖRKSTEN & ÖZER KARAGEDIKLI & CHRISTOPHER PLANTIER & ARTHUR GRIMES, 2004. "What Does the Taylor Rule Say About a New Zealand-Australia Currency Union?," The Economic Record, The Economic Society of Australia, vol. 80(s1), pages S34-S42, 09. [Downloadable!] (restricted)
2. Christie Smith, 2004. "The long-run effects of monetary policy on output growth," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 67, September. [Downloadable!]
3. Cashin, Paul & McDermott, C. John & Pattillo, Catherine, 2004. "Terms of trade shocks in Africa: are they short-lived or long-lived?," Journal of Development Economics, Elsevier, vol. 73(2), pages 727-744, April. [Downloadable!] (restricted)
4. Drew, Aaron & Hall, Viv B. & McDermott, C. John & Clair, Robert St., 2004. "Would adopting the Australian dollar provide superior monetary policy in New Zealand?," Economic Modelling, Elsevier, vol. 21(6), pages 949-964, December. [Downloadable!] (restricted)

2003

1. David Hargreaves, 2003. "Monetary policy and the volatility of real exchange rates in New Zealand," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 66, pages 2, September. [Downloadable!]
2. Nils Björksten & Özer Karagedikli, 2003. "Neutral real interest rates revisited," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 66, pages 11, September. [Downloadable!]
3. Paul Cashin & C. John McDermott, 2003. "Intertemporal Substitution and Terms-of-Trade Shocks," Review of International Economics, Blackwell Publishing, vol. 11(4), pages 604-618, 09. [Downloadable!] (restricted)
4. Paul Cashin & C. John McDermott, 2003. "An Unbiased Appraisal of Purchasing Power Parity," IMF Staff Papers, Palgrave Macmillan Journals, vol. 50(3), pages 1. [Downloadable!] (restricted)
5. K. Balcombe & C. J. McDermott, 2003. "Testing for asymmetric price stickiness using NZ business opinion data: a bootstrap approach," Applied Economics Letters, Taylor and Francis Journals, vol. 10(15), pages 955-958, December. [Downloadable!] (restricted)

2002

1. Aron Gereben, 2002. "Extracting market expectations from option prices?," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 65, March. [Downloadable!]
2. Aron Gereben & Leslie Hull & Ian Woolford, 2002. "Recent developments in New Zealand's financial stability," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 65, September. [Downloadable!]
3. Anne-Marie Brook & Özer Karagedikli & Dean Scrimgeour, 2002. "An optimal inflation target for New Zealand: lessons from the literature," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 65, September. [Downloadable!]
4. Cashin, Paul & McDermott, C John, 2002. "'Riding on the Sheep's Back': Examining Australia's Dependence on Wool Exports," The Economic Record, The Economic Society of Australia, vol. 78(242), pages 249-63, September. [Downloadable!] (restricted)
5. Paul Cashin & C. McDermott, 2002. "Terms of Trade Shocks and the Current Account: Evidence from Five Industrial Countries," Open Economies Review, Springer, vol. 13(3), pages 219-235, July. [Downloadable!] (restricted)
6. Cashin, Paul & McDermott, C John, 2002. "Intertemporal Consumption Smoothing and Capital Mobility: Evidence from Australia," Australian Economic Papers, Blackwell Publishing, vol. 41(1), pages 82-98, March. [Downloadable!] (restricted)
7. Cashin, Paul & McDermott, C. John & Scott, Alasdair, 2002. "Booms and slumps in world commodity prices," Journal of Development Economics, Elsevier, vol. 69(1), pages 277-296, October. [Downloadable!] (restricted)

2000

1. David Hargreaves & Andy Brookes & Carrick Lucas & Bruce White, 2000. "Can hedging insulate firms from exchange rate risk," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 63, March. [Downloadable!]
2. Christian Hawkesby & Christie Smith & Christine Tether, 2000. "New Zealand's currency risk premium," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 63, September. [Downloadable!]
3. Christie Smith & Iris Claus, 2000. "What's the `New Economy'? And has it crossed the Pacific to New Zealand?," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 63, September. [Downloadable!]
4. Paul Cashin & Hong Liang & C. John McDermott, 2000. "How Persistent Are Shocks to World Commodity Prices?," IMF Staff Papers, Palgrave Macmillan Journals, vol. 47(2), pages 2. [Downloadable!] (restricted)
5. Sharon McCaw & C John McDermott, 2000. "How New Zealand adjusts to macroeconomic shocks: implications for joining a currency area," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 63, March. [Downloadable!]
6. Agenor, Pierre-Richard & McDermott, C John & Prasad, Eswar S, 2000. "Macroeconomic Fluctuations in Developing Countries: Some Stylized Facts," World Bank Economic Review, Oxford University Press, vol. 14(2), pages 251-85, May. [Downloadable!]

1999

1. David Archer & Andy Brookes & Michael Reddell, 1999. "A cash rate system for implementing monetary policy," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 62, March. [Downloadable!]
2. David Hargreaves & Bruce White, 1999. "Measures of New Zealand's effective exchange rate," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 62, September. [Downloadable!]
3. David Hargreaves & C John McDermott, 1999. "Issues relating to optimal currency areas: theory and implications for New Zealand," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 62, September. [Downloadable!]
4. Guender, Alfred V. & Lees, Kirdan, 1999. "Optimal Revenue Smoothing: The Case of New Zealand," Journal of Macroeconomics, Elsevier, vol. 21(3), pages 597-617, July. [Downloadable!] (restricted)
5. Iris Claus & Christie Smith, 1999. "Financial intermediation and the monetary transmission mechanism," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 62, December. [Downloadable!]
6. Leo Bonato & Sean Comber & C John McDermott, 1999. "Export performance after depreciation," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 62, September. [Downloadable!]
7. Agenor, Pierre-Richard & Bismut, Claude & Cashin, Paul & McDermott, C. John, 1999. "Consumption smoothing and the current account: evidence for France, 1970-1996," Journal of International Money and Finance, Elsevier, vol. 18(1), pages 1-12, January. [Downloadable!] (restricted)

1998

1. Jerse Halliday & David Archer, 1998. "The rationale for holding foreign currency reserves," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 61, December. [Downloadable!]
2. Sean Collins & Francisco Nadal De Simone & David Hargreaves, 1998. "The current account balance: an analysis of the issues," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 61, March. [Downloadable!]
3. Yuong Ha & Michael Reddell, 1998. "What do forward interest and exchange rates tell us?," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 61, June. [Downloadable!]
4. Anne-Marie Brook & Sean Collins & Christie Smith, 1998. "The 1991-97 business cycle in review," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 61, December. [Downloadable!]
5. McDermott, C John, 1998. "Testing the Expectations Model of the Term Structure in Times of Financial Transition," Applied Financial Economics, Taylor and Francis Journals, vol. 8(6), pages 663-69, December. [Downloadable!] (restricted)
6. Cashin, Paul & McDermott, C John, 1998. "Testing the Consumption-CAPM in Developing Equity Markets," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 3(2), pages 127-41, April. [Downloadable!] (restricted)
7. Cashin, Paul & McDermott, C John, 1998. "Are Australia's Current Account Deficits Excessive?," The Economic Record, The Economic Society of Australia, vol. 74(227), pages 346-61, December.

1997

1. Archer, David J., 1997. "The New Zealand approach to rules and discretion in monetary policy," Journal of Monetary Economics, Elsevier, vol. 39(1), pages 3-15, June. [Downloadable!] (restricted)
2. Agenor, Pierre-Richard & McDermott, C. John & Ucer, Murat, 1997. "Fiscal imbalances, capital inflows, and the real exchange rate: The case of Turkey," European Economic Review, Elsevier, vol. 41(3-5), pages 819-825, April. [Downloadable!] (restricted)

1995

1. David Hargreaves & Graham Howard, 1995. "Survey of Expectations," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 58, March. [Downloadable!]
2. Andrews, Donald W K & McDermott, C John, 1995. "Nonlinear Econometric Models with Deterministically Trending Variables," Review of Economic Studies, Blackwell Publishing, vol. 62(3), pages 343-60, July. [Downloadable!] (restricted)

1994

1. David Archer, 1994. "Monetary policy, output and employment," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 57, December. [Downloadable!]
2. Graham Howard & David Hargreaves, 1994. "Survey of Expectations," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 57, December. [Downloadable!]
3. McDermott, C. John, 1994. "Excess volatility : A testing strategy," Economics Letters, Elsevier, vol. 44(1-2), pages 35-41. [Downloadable!] (restricted)

1993

1. David Archer, 1993. "Relative prices, inflation, the terms of trade and the Policy Targets Agreement," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 56, December. [Downloadable!]

1992

1. Peter Nicholl & David Archer, 1992. "An announced downward path for inflation," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 55, December. [Downloadable!]

1987

1. David Archer, 1987. "Review of monetary conditions and policy," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 50, september. [Downloadable!]

Books

2008

1. Juraj Antal & Frantisek Brazdik & Jan Bruha & Martin Fukac & Adrian Pagan & Jiri Podpiera & Stanislav Polak & Yuliya Rychalovska, 2008. "CNB Economic Research Bulletin: Inflation Targeting and DSGE Models," Occasional Publications - Edited Volumes, Czech National Bank, Research Department, edition 2, volume 6, number rb06/2 edited by Juraj Antal & Jan Babecky. [Downloadable!]

This page was last updated on 2009-12-2.