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Testing stabilisation policy limits in a small open economy: editor's summary of a macroeconomic policy forum

Author

Listed:
  • Bob Buckle
  • Aaron Drew

    (Reserve Bank of New Zealand)

Abstract

In early 2006, at the request of the Reserve Bank of New Zealand and New Zealand Treasury, four international academic experts and practitioners in the macro economic policy arena visited New Zealand. Their brief was to critically examine New Zealand’s macro economic policy framework and consider whether alternative, possibly non-conventional, policy tools might be used to provide a smoother ride for the externally exposed sectors of the economy over the business cycle. A conference was held held in Wellington on June 2006 to present the findings of the visiting experts and a volume of the conference proceedings was published in October. The following is the overview chapter from the volume written by the Editors. The full volume can be downloaded from www.rbnz.govt.nz

Suggested Citation

  • Bob Buckle & Aaron Drew, 2006. "Testing stabilisation policy limits in a small open economy: editor's summary of a macroeconomic policy forum," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 69, pages 1-9, December.
    • Handle: RePEc:nzb:nzbbul:december2006:6
    as

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    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/2006/2006dec69-4buckledrew.pdf
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    Citations

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    Cited by:

    1. Buckle, Robert A., 2018. "Thirty years of inflation targeting in New Zealand: The origins, evolution and influence of a monetary policy innovation," Working Paper Series 8086, Victoria University of Wellington, Chair in Public Finance.
    2. Anella Munro & Rishab Sethi, 2007. "Understanding the New Zealand current account: A structural approach," Reserve Bank of New Zealand Discussion Paper Series DP2007/10, Reserve Bank of New Zealand.
    3. Claus, Iris, 2013. "Is the value added tax a useful macroeconomic stabilization instrument?," Economic Modelling, Elsevier, vol. 30(C), pages 366-374.
    4. Robert A. Buckle & Aaron Drew, 2008. "The business cycle, housing and the role of policy: summary of a recent conference held by The Treasury and the Reserve Bank of New Zealand," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 71, March.
    5. Anthony Makin & Wei Zhang & Grant Scobie, 2009. "The contribution of foreign borrowing to the New Zealand economy," New Zealand Economic Papers, Taylor & Francis Journals, vol. 43(3), pages 263-278.
    6. Gemmell, Norman, 2021. "Economic Lessons for Tax Policy Advisers," Working Paper Series 9463, Victoria University of Wellington, Chair in Public Finance.
    7. Christie Smith & Viv Hall & John Janssen, 2013. "New Zealand's macroeconomic imbalances -- causes and remedies: Guest editors' introduction," New Zealand Economic Papers, Taylor & Francis Journals, vol. 47(1), pages 1-7, April.
    8. 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.
    9. Buckle, Robert A., 2018. "Thirty years of inflation targeting in New Zealand: The origins, evolution and influence of a monetary policy innovation," Working Paper Series 20927, Victoria University of Wellington, Chair in Public Finance.
    10. 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.
    11. International Monetary Fund, 2007. "New Zealand: Selected Issues," IMF Staff Country Reports 2007/151, International Monetary Fund.
    12. Buckle, Robert A., 2018. "A quarter of a century of fiscal responsibility: The origins and evolution of fiscal policy governance and institutional arrangements in New Zealand, 1994 to 2018," Working Paper Series 7693, Victoria University of Wellington, Chair in Public Finance.
    13. Buiter, Willem, 2014. "Central Banks: Powerful, Political and Unaccountable?," MPRA Paper 59477, University Library of Munich, Germany.
    14. Buckle, Robert A., 2018. "A quarter of a century of fiscal responsibility: The origins and evolution of fiscal policy governance and institutional arrangements in New Zealand, 1994 to 2018," Working Paper Series 20848, Victoria University of Wellington, Chair in Public Finance.
    15. Iris Claus & Brandon Sloan, 2008. "VARIABLE GSTl A TOOL FOR MONETARY POLICY IN NEW ZEALAND?," CAMA Working Papers 2008-30, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.

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