Major global developments in the new millennium
This article is an abridged version of a paper prepared for an address to the Canterbury Employers' Chamber of Commerce, on January 27, 2006.1 It examines three major global developments that have occurred in recent years and discusses their impact on the New Zealand economy in terms of their effect on relative prices. These developments include (i) closer integration of China and other emerging economies with large pools of labour, (ii), a housing market boom in some OECD countries, and (iii) recent geopolitical and biosecurity events. The monetary and financial stability policy implications of these developments are discussed as are some lessons for households, businesses and public policymakers.
Volume (Year): 69 (2006)
Issue (Month): (June)
|Contact details of provider:|| Postal: P.O. Box 2498, Wellington|
Phone: 64 4 471-3767
Fax: 64 4 471-2270
Web page: http://www.rbnz.govt.nz
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- anonymous, 2004. "Asset prices and monetary policy," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 67, march.
- Alan Bollard, 2004. "What's happening in the property sector?," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 67, September.
- Felix Delbruck, 2005. "Oil prices and the New Zealand economy," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 68, December.
- Michael Francis & François Painchaud & Sylvie Morin, 2005. "Understanding China's Long-Run Growth Process and Its Implications for Canada," Bank of Canada Review, Bank of Canada, vol. 2005(Spring), pages 5-17.
- Christian Gillitzer & Jonathan Kearns, 2005. "Long-term Patterns in Australia’s Terms of Trade," RBA Research Discussion Papers rdp2005-01, Reserve Bank of Australia.
- Phil Briggs, 2004. "Currency hedging by exporters and importers," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 67, December.
When requesting a correction, please mention this item's handle: RePEc:nzb:nzbbul:june2006:4. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Reserve Bank of New Zealand Knowledge Centre)
If references are entirely missing, you can add them using this form.