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 1999 (Vol 62, no 3)

Articles

Measures of New Zealand's effective exchange rate (PDF 232KB)

By David Hargreaves and Bruce White, Economics Department
This article discusses different ways to summarise the combined effect of exchange rate changes on the New Zealand economy and price level.

Issues relating to optimal currency areas: theory and implications for New Zealand (PDF 78KB)

By David Hargreaves and C John McDermott, Economics Department
Our aim in this article is to facilitate informed economic debate by identifying the main economic costs and benefits of New Zealand joining a currency area or union.

Macro-economic policy and the export sector (PDF 60KB)

By Donald T Brash, Governor
In recent months, there has been a great deal of public interest in how macro-economic policy affects the export sector, and particularly the farming sector. This article summarises the Governor's main points.

Export performance after depreciation (PDF 53KB)

By Leo Bonato, Sean Comber and C John McDermott, Economics Department
This article reviews factors that have been affecting the recent trends in and prospects for New Zealand export sector.

The international financial institutions (PDF 109KB)

By Susan Guthrie and Christine Tether, Economics Department
In this article we sketch the institutional environment in which international economic relations are conducted, and provide some detail on the more important IFIs.

Origins and early development of the inflation target (PDF 55KB)

By Michael Reddell, Financial Markets Department
Explicit inflation targeting was pioneered in New Zealand in the late 1980s. This article explains how the system gradually came about. It traces some of the early influences and thinking that had, by the end of 1990, given us pretty much the structures still in use today.

Is deflation a risk? (PDF 52KB)

By Donald T Brash, Governor
A paper by Donald T Brash, Governor of the Reserve Bank of New Zealand at a Governors' Panel Discussion at the Annual General Meeting of the Bank for International Settlements, Basel, Switzerland, 6 June 1999.

Speeches

Inflation targeting: 10 years on (PDF 60KB)

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

Future exchange rate regimes for developing East Asia: exploring the policy options

Alternatively, link to the html version of the comments made by Dr Don Brash on Professor John Williamson speech.

Reforming the global financial architecture: some New Zealand perspectives

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

Comments by Donald T Brash, Governor, on accepting the NZIER/QANTAS Economics Award

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.