Reserve Bank of New Zealand Bulletin articles

(NB. If you do not have the free Acrobat reader software necessary to read these discussion papers already installed, go to the Adobe website.)

December 1998 (Vol 61, no 4)

Articles

The 1991-97 business cycle in review (PDF 236KB)

By Anne-Marie Brook, Sean Collins and Christie Smith, Economics Department
This article sets out the "stylised facts" of the last business cycle - what actually happened to the economy during the course of the cycle, and in what respects this was similar to, and different from previous New Zealand economic cycles and experiences internationally.

Liberalisation of financial markets in New Zealand (PDF 77KB)

By Arthur Grimes, Victoria University of Wellington
This article reviews the development in the New Zealand financial sector and capital market over the last decade.

Monetary policy and the structure of the capital account: the New Zealand experience (PDF 107KB)

By Bruce White, Economics Department
This article is on New Zealand's experience with external capital flows in the 1990s.

Forecasting at the Reserve Bank of New Zealand (PDF 93KB)

By Aaron Drew and Mike Frith, Economics Department
This article outlines how the Reserve Bank formulates and communicates its economic projections.

The rationale for holding foreign currency reserves (PDF 47KB)

By David Archer and Jerse Halliday, Financial Markets Department
This article discusses the motivation for New Zealand holding a reserve of foreign currency assets.

Speeches

Reserve Bank forecasting: should we feel guilty? (PDF 36KB)

Alternatively, link to the html version of this speech by Dr Don Brash.

Asian prospects and challenges (PDF 31KB)

Alternatively, link to the html version of this speech by Murray Sherwin.

"The Road Ahead": a presentation to small and medium-sized businesses (PDF 51KB)

Alternatively, link to the html version of this speech by Dr Don Brash.

For the record

Information releases (PDF 51KB)

In October 1998 the Bank issued two information releases on the Reserve Bank's trade weighted index (TWI) measure of the effective value of the New Zealand dollar. The first outlined proposed changes to the TWI, as the basis for consultation, and the second set out details of changes to be made, effective from 1 January 1999.

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.