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Fighting fit? Assessing New Zealand’s fiscal sustainability

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  • Lees, Kirdan

    (New Zealand Institute of Economic Research)

Abstract

A new report from the New Zealand Institute of Economic Research (NZIER) highlights the unprecedented fiscal challenges that New Zealand politicians will face in coming decades. NZIER recommends that tough decisions around taxes and government spending need to be taken now, and stuck to, in order to avoid a US-like situation in the future when the economic and political costs of correcting debt levels become dangerously high. A bipartisan agreement on funding superannuation costs would be a good starting point.

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File URL: http://nzier.org.nz/sites/nzier.org.nz/files/NZIER%20public%20dicussion%20paper%202013-05%20-%20Assessing%20fiscal%20sustainability.pdf
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Bibliographic Info

Paper provided by New Zealand Institute of Economic Research in its series NZIER Working Paper with number 2013/5.

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Length: 29 pages
Date of creation: 24 Oct 2013
Date of revision:
Handle: RePEc:ris:nzierw:2013_005

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Web page: http://www.nzier.org.nz/
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Keywords: fiscal sustainability; superannuation; pensions; New Zealand;

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  1. Harald Uhlig & Mathias Trabandt, 2009. "How Far are We from the Slippery Slope? The Laffer Curve Revisited," Working Papers 2009-005, Becker Friedman Institute for Research In Economics.
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  8. John Janssen, 2001. "New Zealand's Fiscal Policy Framework: Experience and Evolution," Treasury Working Paper Series 01/25, New Zealand Treasury.
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  10. Jasper Lukkezen & Hugo Rojas-Romagosa, 2012. "When is debt sustainable?," CPB Discussion Paper 212, CPB Netherlands Bureau for Economic Policy Analysis.
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  12. 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.
  13. Eric M. Leeper & Todd B. Walker, 2011. "Fiscal Limits in Advanced Economies," NBER Working Papers 16819, National Bureau of Economic Research, Inc.
  14. Henning Bohn, 2005. "The Sustainability of Fiscal Policy in the United States," CESifo Working Paper Series 1446, CESifo Group Munich.
  15. Cunado, J. & Gil-Alana, L. A. & Perez de Gracia, F., 2004. "Is the US fiscal deficit sustainable?: A fractionally integrated approach," Journal of Economics and Business, Elsevier, vol. 56(6), pages 501-526.
  16. Anne-Marie Brook, 2013. "Making fiscal policy more stabilising in the next upturn: Challenges and policy options," New Zealand Economic Papers, Taylor & Francis Journals, vol. 47(1), pages 71-94, April.
  17. Paolo Mauro & Rafael Romeu & Ariel J Binder & Asad Zaman, 2013. "A Modern History of Fiscal Prudence and Profligacy," IMF Working Papers 13/5, International Monetary Fund.
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