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.)

September 1998 (Vol 61, no 3)

Articles

The exchange rate and inflation targeting (PDF 51KB)

By Adrian Orr, Alasdair Scott and Bruce White, Economics Department
This article talks about the role of the exchange rate in inflation targeting and how the Reserve Bank goes about shaping a forward view of inflation pressures.

Estimating the potential output of the New Zealand economy (PDF 105KB)

By Paul Conway and Ben Hunt, Economics Department
This article outlines the technique that the Reserve Bank currently uses to estimate potential output.

Government charges, the CPI and monetary policy (PDF 69KB)

By Sharon McCaw, Economics Department
This article focuses on the effect of changes to government sector charges, levies and (indirect) taxes on the measurement of inflation, and the implications for monetary policy.

The benefits of price stability: some estimates for New Zealand (PDF 50KB)

By Leo Bonato, Economics Department
This article outlines the economic costs of inflation, particularly in relation to the economic distortions caused by the interaction of inflation with the tax system.

Core principles for effective banking supervision: an assessment of New Zealand's position (PDF 64KB)

By Margaret Griffin, Banking System Department
An account is given of how New Zealand's predominantly disclosure based banking supervision policies and practices align with the "core principles" for banking supervision.

Review of the disclosure requirements for registered banks (PDF 21KB)

Banking Systems Department
This article records the recent changes to the disclosure requirements for registered banks in New Zealand.

Inflation targeting in New Zealand: experience and practice (PDF 57KB)

By Donald T Brash, Governor
An address to the International Institute for Economic Studies Stockholm, 11 June, 1998

Speeches

Monetary policy in a dangerous world (PDF 34KB)

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

Myths about the Reserve Bank and property investment (PDF 42KB)

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.