Testing stabilisation policy limits in a small open economy: proceedings from a macroeconomic policy forum

Macroeconomic policies in New Zealand have achieved considerable success in meeting their objectives over the past decade, 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.

To examine this broad policy issue, the RBNZ and The Treasury held a conference in June 2006 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 below.

If you would like a printed copy, please contact the Reserve Bank's Knowledge Centre.

Contact details

Reserve Bank of New Zealand
PO Box 2498
Wellington
New Zealand
Email: knowledge@rbnz.govt.nz
Telephone: +64 4 472 2029