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Lessons for Europe from New Zealand's Liberalisation Experience

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  • Bollard, Alan
  • Mayes, David G

Abstract

The whole of Europe has embarked on a major programme of economic change. The former CMEA countries are trying to move rapidly from state planning to market economies. In the west, not only is the European Community well down the road to removing a large number of non-tariff barriers between the member states through the Single Market programme—extended to EFTA through the European Economic Area agreement but it has also agreed, through the Maastricht Treaty, to try to converge to an economic and monetary union with low inflation, low public sector deficits and controlled public debt, before the end of the century. Negotiations are beginning over extending this, through full membership of the Community, to Austria, Finland, Norway and Sweden.

Suggested Citation

  • Bollard, Alan & Mayes, David G, 1993. "Lessons for Europe from New Zealand's Liberalisation Experience," National Institute Economic Review, National Institute of Economic and Social Research, vol. 143, pages 81-97, February.
    • Handle: RePEc:cup:nierev:v:143:y:1993:i::p:81-97_6
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    Cited by:

    1. Mayes, David G. & Vilmunen, Jouko, 1999. "Unemployment in a small open economy: Finland and New Zealand," Bank of Finland Research Discussion Papers 10/1999, Bank of Finland.
    2. Siklos, Pierre L, 2000. "Inflation Targets and the Yield Curve: New Zealand and Australia versus the US," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 5(1), pages 15-32, February.
    3. repec:zbw:bofrdp:1999_010 is not listed on IDEAS
    4. Mayes, David G. & Vilmunen, Jouko, 1999. "Unemployment in a small open economy : Finland and New Zealand," Research Discussion Papers 10/1999, Bank of Finland.

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