Miscellaneous research by staff and visitors
16 August 2011
The Reserve Bank released its Submission to the Productivity Commission inquiry on Housing Affordability (PDF 212KB).
12 April 2011
This paper The outlook for commodity prices and implications for New Zealand monetary policy by Richard Sullivan and Tim Aldridge, interprets recent events and thinking in commodity markets and evaluates what these mean for New Zealand and monetary policy
The Reserve Bank released its submission to the Government-established Savings Working Group (PDF 87KB).
Over 2006-2009, the Reserve Bank developed a dynamic stochastic general equilibrium (DSGE) model called the Kiwi Inflation Targeting Technology (KITT) model. KITT was developed to replace the Forecasting and Policy System (FPS) model; FPS was formulated in the mid-1990s.
14 July 2009
This research note by Martin Fukac and Kirdan Lees, takes a macroeconomic approach to estimating the impact of swine flu on the New Zealand economy. The paper concludes the impacts of swine flu are likely to be small, with declines in output of at most 0.62 percent in the first year following the outbreak. Read the research paper on Swine Flu (PDF 207KB).
The RBNZ and The Treasury held a conference in June 2006 to examine the broad policy issue, with contributions from international and domestic policy experts. The proceedings of this conference have been made into a book. You may download the complete volume (PDF 2.5MB) here. Individual contributions are listed at Testing stabilisation policy limits in a small open economy: proceedings from a macroeconomic policy forum.
14 February 2003
Prepared by the Reserve Bank of New Zealand and the Treasury, at the request of the
Department for the Prime Minister and Cabinet, as a part of the Government's
planning for crises and other contingencies. The paper provides a scenario
analysis of the likely macroeconomic impacts of a limited foot-and-mouth disease
(FMD) outbreak in New Zealand. The assessment of the possible economic impact is
indicative only and based on a relatively simple simulation.
Also available as a PDF (37KB)
This web-page lists Research Papers produced by staff in previous decades. The Research Paper series has been discontinued. More recent research and analysis is released via Discussion papers and Analytical notes.
Household attitudes towards savings, investment and
wealth Sep 2007 (PDF 171KB)
This report was prepared for the Reserve Bank by consultants Janice Burns and Maire Dwyer. It is a small-scale exploratory study of households' attitudes to various forms of investment. The idea behind this work was to get a view, from a sociological perspective rather than an economic perspective, on why wealth in New Zealand is held in the way it is. In particular the report looks at why New Zealanders tend to hold such a large proportion of their wealth in residential property.
Papers, dealing with specific elements of monetary policy, were published along with the 2002 Policy Targets Agreement (PTA). View a briefing note and related papers 2002.
In May 2000, the Government initiated an independent review of New Zealand's monetary policy framework. The following papers were used to support the Reserve Bank’s main submission made to the review.
Business cycle developments and the role
of monetary policy over the 1990s (PDF 308KB), also available in HTML
(Please note that the graphs in this document have been thumb nailed, so to see the graphs at full size, you need to click on the small image.)
The projection process and accuracy of
the RBNZ projections
Also available as PDF (99KB)