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Fiscal – monetary coordination: A retrospective

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Abstract

This paper takes a high-level, helicopter view, look back at the course of fiscal and monetary policy, alongside that of the New Zealand macro-economy, over the past three decades or so. It does so with an eye to seeing how those macro variables have evolved in relation to each other, in the context of helping to inform assessments of whether and, if so how, there may be scope for fiscal and monetary policy to be coordinated in ways that help to achieve best possible macro-stabilisation outcomes.

Suggested Citation

  • Bruce White, 2024. "Fiscal – monetary coordination: A retrospective," Treasury Analytical Notes Series an24/07, New Zealand Treasury.
    • Handle: RePEc:nzt:nztans:an24/07
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    File URL: https://www.treasury.govt.nz/sites/default/files/2024-08/an24-07.pdf
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    References listed on IDEAS

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    1. Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
    2. Lewis Evans & Arthur Grimes & Bryce Wilkinson, 1996. "Economic Reform in New Zealand 1984-95: The Pursuit of Efficiency," Journal of Economic Literature, American Economic Association, vol. 34(4), pages 1856-1902, December.
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