Reserve Bank of New Zealand Bulletin articles

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March 2001 (Vol 64, no 1)

Articles

Editors Note (PDF 15KB)

Independent review of the operation of monetary policy in New Zealand (PDF 41KB)

By Professor Lars E O Svensson
In May 2000, the Government announced that the New Zealand monetary policy framework would be reviewed. Professor Lars Svensson of Stockholm University was appointed to undertake the review and to report by the end of February 2001.

The Reserve Bank's Submission to the Minister of Finance on the Monetary Policy Review (PDF 60KB)

By Dr Don Brash
A paper by Dr Brash, Governor, to the Minister of Finance, Hon. Michael Cullen, setting out the Reserve Bank's response to the Svensson Report.

Reserve Bank Non-Executive Director's Committee response to the Svensson Report (PDF 43KB)

A paper sent by the Reserve Bank's Non-Executive Directors to the Minister of Finance, Hon. Michael Cullen, in response to the Svensson Report.

Central bank corporate governance, financial management, and transparency (PDF 48KB)

By Richard Perry, Financial Services Group
This article discusses the Reserve Bank of New Zealand's corporate governance, financial management and transparency practices within the broader context of international efforts to strengthen central bank governance, transparency and risk management.

Does a stitch in time save nine? (PDF 21KB)

By Aaron Drew and L Christopher Plantier
In December 2000, the Reserve Bank issued a discussion paper entitled "Interest rate smoothing in New Zealand and other dollar bloc countries," written by Aaron Drew and L Christopher Plantier. The key points made are summarised in this paper.

Speeches

Making monetary policy: a look behind the curtains (PDF 37KB)

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

Central banks: what they can and cannot do (PDF 35KB)

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

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.