Macroeconomic Policy Forum
New Zealand Treasury |
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Reserve Bank of New Zealand |
Monday 12 June 2006, InterContinental Hotel
Monetary policy in New Zealand over the past decade has achieved considerable success in maintaining low and stable inflation, positively contributing to broader economic stability and growth. However, there have at times been periods of significant external imbalance and variability in the NZ dollar, placing stresses on the externally exposed sectors of the economy. It remains an open question whether greater external balance and smaller swings in the exchange rate can be achieved while maintaining or enhancing overall economic prospects through the application of alternative policies or policy strategies. This workshop brings together invited international and domestic experts to examine this broad policy issue.
Conference Programme
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8.15 am |
Arrival and coffee |
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8.45 |
Welcome Alan Bollard, Governor, Reserve Bank of New Zealand |
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Session 1: Overview and macroeconomic policy challenges |
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9.00 |
Presenter – Stephen Grenville (Lowy Institute and CAMA research associate) |
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9.40 |
Discussant – Christopher Allsopp (University of Oxford) |
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10.00 |
General discussion |
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10:30 |
Morning tea |
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Session 2: Monetary and fiscal policy coordination |
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10.50 |
Presenter – Willem Buiter (London School of Economics) |
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11.40 |
Discussant – Pierre Siklos (Wilfrid Laurier University) |
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12:00 |
General discussion |
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12.30 |
Lunch |
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Session 3: Macroeconomic policy in a financially integrated world |
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2.00 |
Presenter – Klaus Schmidt-Hebbel (Central Bank of Chile) |
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2.40 |
Discussant – John Edwards (HSBC) |
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3.00 |
General discussion |
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3.30 |
Afternoon tea |
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Session 4: Capital markets and exchange rate policies |
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3.50 |
Presenter - Sebastian Edwards (UCLA) |
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4:30 |
Discussant – William Cline (Institute for International Economics) |
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4.50 |
General discussion |
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Roundtable Session: Reflections on policy challenges |
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5:20 |
Val Koromzay (OECD), Steve Dunaway (IMF), John McDermott (VUW) |
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6:30 |
Closing comments by John Whitehead, Secretary, New Zealand Treasury, and Alan Bollard, Governor, Reserve Bank of New Zealand |
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7.30 pm |
Workshop dinner for participants and guests |
The proceedings of this conference have been made into a book entitled “Testing stabilisation policy limits in a small open economy: proceedings from a macroeconomic forum”. You may download the complete volume or individual contributions.
Contact details
Louise Abolins
Reserve Bank of New Zealand
PO Box
2498
Wellington
New Zealand
Email:
Louise.Abolins@rbnz.govt.nz
Telephone: +64 4 471 3891
Denise Ashley
The Treasury
PO Box
3724
Wellington
New Zealand
Email: Denise.Ashley@treasury.govt.nz
Telephone:
+64 4 917 6972
