Externally published research
The following list contains articles published by staff of the Reserve Bank over the last four years.
Krippner, Leo, Measuring the stance of monetary policy in zero lower bound environments, Economics Letters,118(1), 135-138.
Maré, David & Richard Fabling, Productivity and local workforce composition, in Geography, Institutions and Regional Economic Performance, eds Riccardo Crescenzi & Marco Percoco, Advances in Spatial Science Series, Springer: Berlin and New York.
Smith, Christie, Viv Hall & John Janssen, New Zealand's macroeconomic imbalances – causes and remedies: Guest editors' introduction, New Zealand Economic Papers, forthcoming.
de Veirman, Emmanuel & Andrew T. Levin, When did firms become more different? Time-varying firm-specific volatility in Japan, Journal of the Japanese and International Economies, 26(4), 578-601.
de Veirman, Emmanuel & Ashley Dunstan, Debt dynamics and the relationship between consumption and cyclical wealth changes, Economic Record, 88(282), 330-340.
Fabling, Richard, Arthur Grimes & Philip Stevens, The relatives are fine: Use of qualitative firm data in economic analysis, Applied Economics Letters, 19(7), 615-618.
Fabling, Richard & Lynda Sanderson, Exporting and firm performance: Market entry, investment and expansion, Journal of International Economics, forthcoming.
Greenslade, J. V. & Miles Parker, New insights into price-setting behaviour in the United Kingdom: Introduction and survey results, Economic Journal, 122(558): F1–F15.
Groshenny, Nicolas, Monetary policy, inflation and unemployment: In defense of the Federal Reserve, forthcoming, Macroeconomic Dynamics.
Kamber, Güneş & Christoph Thoenissen, The financial accelerator and monetary policy rules, Economics Letters, 115(2), 309-313.
Bjørnland, Hilde C., Karsten Gerdrup, Anne-Sofie Jore, Christie Smith & Leif Anders Thorsrud, Weights and pools for a Norwegian density combination, North American Journal of Economics and Finance, 22(1), 61-76.
Bjørnland, Hilde C., Karsten Gerdrup, Anne-Sofie Jore, Christie Smith & Leif Anders Thorsrud, Does forecast combination improve Norges Bank inflation forecasts?, Oxford Bulletin of Economics and Statistics, 74(2), 163-179.
Bloor, Chris & Troy Matheson, Real-time conditional forecasts with Bayesian VARs: An application to New Zealand, The North American Journal of Economics and Finance, 22(1), 26-42
de Veirman, Emmanuel & Ashley Dunstan, Time-varying returns, intertemporal substitution and cyclical variation in consumption, The B.E. Journal of Macroeconomics, 11(1).
Eickmeier, Sandra & Tim Ng, Forecasting national activity using lots of international predictors: An application to New Zealand, International Journal of Forecasting, 27(2), 496-511.
Fabling, Richard, Arthur Grimes & Lynda Sanderson, Whatever next? Export market choices of New Zealand firms, Papers in Regional Science, 91(1), 137-159.
Guender, Alfred & Bevan Cook, Monetary policy implementation and uncovered interest parity: Empirical evidence from Oceania, New Zealand Economic Papers, 45(3), 209-229.
Hall, Viv & John McDermott, Unobserved components business cycles for New Zealand. What are they, and what might drive them?, Economic Record, 87(277), 294-317.
Hall, Viv & John McDermott, A quarterly post-Second World War real GDP series for New Zealand, New Zealand Economic Papers, 45(3), 273-298.
Haug, Alfred & Christie Smith, Local linear impulse responses for a small open economy, Oxford Bulletin of Economics and Statistics, 74(3), 470-492.
Lees, Kirdan, Troy Matheson & Christie Smith, Open economy forecasting with a DSGE-VAR: Head to head with the RBNZ published forecasts, International Journal of Forecasting, 27(2), 512-528.
Baqaee, David, Using wavelets to measure core inflation: The case of New Zealand, North American Journal of Economics and Finance, 21(3), 241-255.
Bloor, Chris & Troy Matheson, Analysing shock transmission in a data-rich environment: A large BVAR for New Zealand, Empirical Economics, 39(2), 537-558.
Fabling, Richard & Arthur Grimes, HR practices and New Zealand firm performance: What matters and who does it?, International Journal of Human Resource Management 21(4), 488-508.
Fabling, Richard & Arthur Grimes, Cutting the hedge: Exporters' dynamic currency hedging behaviour, Pacific-Basin Finance Journal 18(3), 241-253.
Fabling, Richard & Lynda Sanderson, Entrepreneurship and aggregate merchandise trade growth in New Zealand, Journal of International Entrepreneurship, 8(2), 182-199.
Fukac, Martin & Adrian Pagan, Limited information estimation and evaluation of DSGE models, Journal of Applied Econometrics, 25, 55-70.
Guender , Alfred & David Gillmore, Practical monetary policies, International Finance, 13(1), 25-53.
Jore, Anne-Sofie, James Mitchell & Shaun P. Vahey, Combining forecast densities from VARs with uncertain instabilities, Journal of Applied Econometrics, 25(4), 621-634.
Kamber, Güneş, Inflation dynamics under habit formation in hours, Economics Letters, 108(3), 269-272.
Karagedikli, Özer, Troy Matheson, Christie Smith & Shaun P. Vahey, RBCs and DSGEs: The computational approach to business cycle theory and evidence, Journal of Economic Surveys, 24(1), 113-136.
Lees, Kirdan & Sam Warburton, A happy ‘halfway-house’? Medium term inflation targeting in New Zealand, Journal of International Money and Finance, 29(5), 819-839.
de Veirman, Emmanuel, What makes the output-inflation trade-off change? The absence of accelerating deflation in Japan, Journal of Money, Credit and Banking, 41(6), 1117-1140.
Garratt, Anthony, Emi Mise, Gary Koop & Shaun P. Vahey, Real-time prediction with UK monetary aggregates in the presence of model uncertainty, Journal of Business and Economic Statistics, 27(4), 480-491.
Hall, Viv & John McDermott, The New Zealand business cycle, Econometric Theory, 25, 1050-1069.
Kam, Tim, Kirdan Lees & Philip Liu, Uncovering the hit-list for small inflation targeters: A Bayesian structural analysis, Journal of Money, Credit and Banking, 41(4), 583-618.
Matheson, Troy, James Mitchell & Brian Silverstone, Nowcasting and predicting data revisions in real time using qualitative panel survey data, Journal of Forecasting, 29(3), 313-330.