Reserve Bank of New Zealand Bulletin articles
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December 1993 (Vol 56, no 4)
Articles
The Reserve Bank's approach to inflation forecasting (PDF 1,843KB)
By Ulf Schoefisch
Forecasts of inflation are central to monetary policy implementation in New Zealand. The Bank's approach to forecasting is explained.
Relative prices, inflation, the terms of trade and the Policy Targets Agreement (PDF 1,840KB)
By David Archer, Economics Department
A non-technical presentation of how relative prices and inflation are treated by the PTA, with particular attention to the terms of trade1.
Government debt auctions (PDF 1,074KB)
By Hayden Griffiths and Ian Harrison, Banking System Department
This article discusses alternative methods of selling government securities by tender using both theory and New Zealand data.
Expectations and the term structure of interest rates (PDF 1,626KB)
A discussion aimed at students of economics, of evidence on the determinants of interest rates and yield curve.
Survey of Expectations (PDF 546KB)
By Christopher Green and Graham Howard, Economics Department
This article presents the results from the November 1993 Reserve Bank of New Zealand Survey of Expectations.
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
