Reserve Bank of New Zealand Bulletin articles
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March 1994 (Vol 57, no 1)
Articles
Summary of economic forecasts (PDF 283KB)
An overview of the Bank's March 1994 forecasts of the economy and inflation.
Defining price stability: what should we aim for? (PDF 1,409KB)
By Craig Ebert, Economics Department
This article explores many of the issues that underlay the choice of the 0 to 2 per cent inflation target in the Policy Targets Agreement as the best operational formulation of the Bank's requirement to pursue stability in the general level of prices.
The yield curve as an indicator of monetary conditions (PDF 1,204KB)
By Andrew Fung and Bryan Chapple, Economics Department
This article discusses how the yield curve might act as an indicator and predictor of developments in economic activity and inflation.
Survey of Expectations (PDF 551KB)
By Murray Scott and Graham Howard, Economics Department
This article presents the results from the February 1994 Reserve Bank of New Zealand Survey of Expectations.
Speeches
The relationship between price stability and growth (PDF 819KB)
A speech by the Bank's Governor, Don Brash discussing the effects of monetary policy on the economy.
New Zealand interest rates: `too high' or `too low'? (PDF 1,214KB)
A speech by the Governor, Don Brash in which he examines why interest rates are claimed to be `too high' and `too low' at the same time.
The views expressed are those of individual authors and do not necessarily reflect official positions of the Reserve Bank of New Zealand. Articles published in this Bulletin may not be wholly or substantially reproduced without the permission of the Reserve Bank of New Zealand. Data, brief extracts from articles, and other material appearing in the Bulletin, may be used without restriction provided due acknowledgement is made of the source.
(c) Reserve Bank of New Zealand
