Seminars and workshops
The Reserve Bank regularly hosts seminars and workshops in order to foster debate on monetary and financial-system policy and monetary and financial economics more generally. The workshops sometimes arise in conjunction with Victoria University of Wellington's Professorial Fellowship in Monetary and Financial Economics.
Forthcoming conference
The transmission of international shocks to open economies, Wellington, 16 - 17 December 2010
Public Lectures
How May the New Architecture of Financial Regulations Develop?
A public lecture by Charles Goodhart, 2010 Professorial Fellow in Monetary and Financial Economics at the Reserve Bank and Victoria University.
Listen to the
lecture (MP3 format, audio only)
Note: This is a large file size (24MB)
and is not suitable for dial-up connections. You can download the audio file
MP3 of the talk (right click on the link and "save target as").
30 July 2009
The Financial Crisis – who’s to blame? Problems and remedies
A public lecture by Howard Davies, Director of the London School of
Economics, held on 30 July 2009.
View the lecture
(High-quality Windows Media 768k)
View the lecture
(Medium-quality Windows Media 128k)
View the lecture
(Low-quality Windows Media 56k)
Listen to the lecture
(MP3 format, audio only)
Read the transcript of the lecture
16 July 2008
How a unique man built a machine drew a curve and helped world economics advance
Bill Phillips lecture by Alan Bollard, 16th July 200. View or listen to the lecture.
Workshops
Past workshops
Workshops have discussed financial stability and banking, optimal policy rules, monetary policy under uncertainty, whether monetary policy should be forward or backward looking, and exchange rate issues arising from the Asian crisis. Some of the papers from these workshops are available below.
2010
Australasian Macroeconomics Workshop, Wellington, 8 - 9 April 2010
2009
Monetary Policy Conference, 17-18 December 2009
RBNZ/VUW Professional Fellowship Workshop, 17 June 2009
2008
Nowcasting with model combination – 10-12 December 2008
Monetary and Fiscal Policy Interaction Workshop; 9 October 2008
Capital Markets - Workshop; 20 June 2008
2007
The business cycle, housing and the role of policy; 10 & 11 December 2007
2006
Housing, savings, and the household balance sheet; 14 November 2006
Financial Sector Balance Sheets and Vulnerability to Financial Crises; 25 September 2006
Macro econometrics and Model Uncertainty Conference; 27-28 June 2006
Macro Policy Forum; 12 June 2006
The interface between monetary policy and macro modelling; 13-15 March 2006
South Pacific Course on Central Banking; 28 February-2 March 2006
2005
Dynamic Stochastic General Equilibrium (DSGE) models; 12 August 2005
Recent developments in VAR methodology; 20 May 2005
Workshop on Banking Crisis Management; 3 March 2005
2004
Workshop on financial stability and banking; 27 April 2004
2003
Analysing the economy for monetary policy purposes: some key issues; 21 March 2003
2002
The Australasian macroeconomics workshop; 4-5 April 2002
Exchange rate strategies for developed open economies in the new millennium; 19 February 2002
2000
Monetary policy decision making: proactive or reactive workshop held at RBNZ; 8 June 2000
1998
Monetary policy under uncertainty, workshop held at RBNZ; 29-30 June 1998
Seminars
Economics Seminars
The following seminars were given at the Bank. These seminars are open to academic and professional economists. Applications to attend or deliver a seminar should be addressed to the Co-ordinator of Economics Research Network Initiative (ERNI).
Date |
Visitor and Affiliation |
Seminar |
|
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|
11 May 2010 |
Rodney Jones Wigram Capital Advisors |
Developments in Asia |
|
7 May 2010 |
Michael McAleer Canterbury University |
Combining Biased Forecasts |
|
6 May 2010 |
Michael McAleer Canterbury University |
Evaluating Macroeconomic Forecasts: A Review of Some Recent Developments |
|
14 April 2010 |
Giuseppe Ferrero Bank of Italy |
The Announcement of Monetary Policy Intentions |
|
13 April 2010 |
Giuseppe Ferrero Bank of Italy |
Central Bank’s Macroeconomic Projections and Learning |
|
7 April 2010 |
John Geweke University of Technology, Sydney |
Complete and Incomplete Econometric Models |
|
6 April 2010 |
Michael Dotsey Federal Reserve Bank of Philadelphia |
Inflation and Real Activity with Firm-level Productivity Shocks |
|
31 March 2010 |
Michael Dotsey Federal Reserve Bank of Philadelphia |
How Important is the Currency Denomination of Exports in Open-Economy Models? |
|
26 March 2010 |
Francesco Furlanetto Norges Bank |
Investment-Specific Technology Shocks and Consumption |
|
8 March 2010 |
Tuomas Peltonen European Central Bank |
Asset Price Booms, Credit Bubbles, and Future Financial Stress |
|
28 January 2010 |
Charles Goodhart The London School of Economics and Political Science |
Money, Credit and Bank Behaviour: Need for a New Approach |
|
4 December 2009 |
Prasanna Gai The Australian National University |
Systemic Risk and the Design of Macro-Prudential Policy |
|
16 November 2009 |
Brian Silverstone & Mark Holmes University of Waikato |
Architects as Forecasters of Housing Construction |
|
13 November 2009 |
Silvio Contessi Federal Reserve Bank of St. Louis |
Lending During Financial Crisis |
|
5 November 2009 |
Martin Berka Massey University |
The Consumption Terms of Trade and Commodity Prices |
|
8 October 2009 |
Dominick Stephens Westpac |
Presentation on Westpac’s latest projections |
|
23 September 2009 |
Robin Grieves University of Otago |
The US Economy and Risks to Recovery |
|
14 August 2009 |
Bruce White Central Banking |
Looking Back, Moving Forward |
|
4 August 2009 |
David Preston |
Putting Credit Back into Monetary Policy |
|
14 July 2009 |
Aaron Drew NZ Super Fund |
A Macro Finance Model for NZ |
|
13 July 2009 |
Craig Ebert BNZ |
Presentation on BNZ’s latest projections. |
|
6 July 2009 |
Michael Binder Goethe University Frankfurt |
On the Effects of Monetary Policy Shocks on Exchange Rates |
|
23 June 2009 |
Michael Bordo Rutgers University |
Credit Market Turmoil, Monetary Policy and Business Cycles: an Historical View |
|
12 June 2009 |
Christoph Thoenissen University of St Andrews |
Financial Shocks and the US Business Cycle |
|
29 May 2009 |
Dan Waggoner Atlanta Fed |
Understanding Markov-Switching Rational Expectations Models |
|
19 May 2009 |
Dean Corbae University of Texas, Austin |
Mortgage Innovation and the Foreclosure Boom |
|
11 May 2009 |
Engin Kara National Bank of Belgium |
Micro Data on Nominal Rigidity, Inflation Persistence and Optimal Monetary Policy |
|
7 May 2009 |
David Fielding University of Otago |
Regional Asymmetries in the Impact of Monetary Policy Shocks on Prices: Evidence from US Cities |
|
5 May 2009 |
Amartya Lahiri University of British Columbia |
Heterogeneous Agents, Debt Fuelled Expansion and Financial Crisis |
|
1 May 2009 |
Khoon Goh ANZ |
Measuring Monthly Tradable Inflation in New Zealand |
|
30 Apr 2009 |
Gunes Kamber University of Paris 1 |
Understanding the Monetary Transmission Mechanism in the United Kingdom: the Role of Nominal and Real Rigidities |
|
6 Apr 2009 |
Mario Crucini Vanderbilt University |
Accounting for Persistence and Volatility of Good-Level Real Exchange Rates: the Role of Sticky Information |
|
26 Mar 2009 |
Jordi Gali Universitat Pompeu Fabra |
The Return of the wage Phillips Curve |
|
2 Mar2009 |
Philip Liu Bank of England |
International Transmission of Shocks: a Time-Varying Factor Augmented VAR Approach to the Open Economy |
|
3 Feb 2009 |
Refet Gurkaynak Bilkent University |
The TIPS Yield Curve and Inflation Compensation |
|
23 Jan 2009 |
Refet Gurkaynak Bilkent University |
Convergence and Anchoring of Yield Curves in the Euro Area |
|
19 Dec 2008 |
Philipp Maier Bank of Canada |
What is Driving Exchange Rates? New Evidence From a Panel of US Bilateral Exchange Rates |
|
15 Dec 2008 |
Anella Munro BIS |
Swap-Covered Foreign Currency Borrowing: Motivation and Transmission of USD Funding Shocks |
|
10 Dec 2008 |
John Robertson Atlanta Fed |
US Financial Markets and the Role of the Federal Reserve |
|
10 Dec 2008 |
Mico Loretan BIS |
The Exchange Rate and Private Information |
|
8 Dec 2008 |
Chris Otrok University of Virginia |
Global Business Cycles – Convergence or Decoupling? |
|
26 Nov 2008 |
Daria Taglioni ECB |
The Euro and the Competitiveness of European Firms |
|
25 Nov 2008 |
Richard Rosen Chicago Fed |
The Effect of Monetary Policy on the Availability of Credit |
|
24 Nov 2008 |
Richard Rosen Chicago Fed |
The Credit Crisis |
|
12 Nov 2008 |
Eric Hansen Fonterra |
Forecasting and Managing the International Dairy Market |
|
24 Oct 2008 |
Hayley Moynihan Rabobank |
Outlook for Agricultural Commodities |
|
13 Oct 2008 |
Nora Traum Indiana University |
Accounting for Fiscal Financing |
|
24 Sept 2008 |
Krishna Srinivasan International Monetary Fund |
Sovereign Wealth Funds |
|
23 Sept 2008 |
Krishna Srinivasan International Monetary Fund |
Global economic outlook, risks & policy prescriptions (drawing upon the most recent WEO/GFSR) |
|
17 Sept 2008 |
Motu |
Taxes, credit constraints, and the big costs of small inflation. |
|
09 Sept 2008 |
Sohrab Rafiq Loughborough University |
Have Euro area Output Fluctuations Moderated?: Good Policies or Luck |
|
05 Aug 2008 |
Nicholas Groshenny Bocconi University |
Euro area and US business cycles |
|
04 Aug 2008 |
Nicholas Groshenny Bocconi University |
Comparing Shocks and Frictions in US and Euro Area Business Cycles: Some New Evidence |
|
29 July 2008 |
Monash University |
Relationship between land and house prices |
|
17 July 2008 |
Norges Bank |
Combining inflation density forecasts |
|
16 July 2008 |
Norges Bank |
Disaggregate Evidence of US Inflation Persistence |
|
08 July 2008 |
Andrew Filardo Bank of International Settlements |
Modelling financial stability |
|
07 July 2008 |
Shaun Vahey Melbourne Business School |
Nowcasting and forecast combination: Norwegian experience |
|
11 June 2008 |
Iris Claus Inland Revenue Department |
|
|
26 May 2008 |
Hebrew University, Jerusalem |
|
|
10 Apr 2008 |
Troy Davig Federal Reserve Bank of Kansas City |
Modelling Regime - Switching in Macroeconomic Models with Rational Expectations |
|
08 Apr 2008 |
Troy Davig Federal Reserve Bank of Kansas City |
Monetary - fiscal interactions |
|
01 Apr 2008 |
Arizona State University |
|
|
26 Mar 2008 |
|
|
|
25 Mar 2008 |
University of Tokyo |
The quantitative effects of monetary aggregate targeting in a zero interest rate environment: Evidence from Japan |
|
14 Feb 2008 |
BIS |
Frequency of Observation & the Estimation of Integrated Volatility in Deep & Liquid Financial Markets |
|
12 Dec 2007 |
Otago University |
Has monetary policy gone wrong |
|
20 Nov 2007 |
Anthony Richards Reserve Bank of Australia |
Current Australian situation and challenges facing the RBA |
|
25 Oct 2007 |
William Dewald Ohio State University |
Inflation and Bond Market Inflation Expectations, 1880-2007 |
|
12 Oct 2007 |
Nicolo Spagnolo Brunel University, London |
|
|
11 Oct 2007 |
Andrew Harvey |
|
|
26 Aug 2007 |
Doug Laxton International Monetary Fund |
Price-level path targeting |
|
25 Aug 2007 |
Doug Laxton International Monetary Fund |
Estimating potential output in a DSGE model |
|
24 Aug 2007 |
Doug Laxton International Monetary Fund |
Does the exchange rate belong in monetary policy rules? |
|
26 July 2007 |
University of Hong Kong |
Monetary Policy and Asset Prices |
|
11 July 2007 |
Federal Reserve Bank of Atlanta |
Regime-switching DSGE models -- how to solve them and how to estimate them. |
|
9 July 2007 |
Federal Reserve Bank of Atlanta |
Bayesian econometrics of learning models. |
|
5 July 2007 |
Federal Reserve Bank of Atlanta |
Conditional Forecasts |
|
2 July 2007 |
Tao Zha Federal Reserve Bank of Atlanta |
The theory of identification of structural VARs |
|
14 June 2007 |
Ian Mitchell DTZ |
Recent trends in commercial and industrial property in New Zealand |
|
21 May 2007 |
Dr Kang Bank of Korea |
Update of the current economic situation in South Korea |
|
7 May 2007 |
Su Wu Deakin University, Australia |
An Evaluation of the 'Four Pillars' Policy in Australia |
|
2 May 2007 |
Ryoko Ito Canterbury honours graduate |
Instrument vs. targeting rules in the conduct of monetary policy |
|
19 Apr 2007 |
ANU Canberra |
Why we love nominal bonds |
|
28 Mar 2007 |
Daria Taglioni ECB |
How the adoption of the Euro affected price volumes and trade volumes in Europe |
|
27 Mar 2007 |
Oberlin College |
Do markets care who chairs the central bank? |
|
6 Mar 2007 |
Wilfred Laurier University |
Central Bank Governance: an analysis of the biggest constitutional crisis ever faced by the Bank of Canada, and its aftermath. |
|
12 Feb 2007 |
Rutgers University |
A Full Information Bayesian Approach to the Evaluation and Estimation of DSGE Models |
|
15 Nov 2006 |
Luci Ellis Reserve bank of Australia |
Disinflation and the dynamics of mortgage debt |
|
28 Sept 2006 |
Victoria University of Wellington |
How Fundamental is the Pricing of Liquidity? |
|
10 Aug 2006 |
Washington University |
|
|
7 Aug 2006 |
Monash University |
Leading Indicator Properties of US High Yield Credit Spreads |
|
1 Aug 2006 |
David Grimmond Infometrics |
The Macroeconomic Benefits of Monetary Policy Reform in New Zealand |
|
6 July 2006 |
John McDermott Victoria University of Wellington |
The New Zealand Business Cycle: Return to Golden Days |
|
30 June 2006 |
Rodney Strachan Leicester University |
Bayesian Analysis of Error Correction Models |
|
29 June 2006 |
Todd Clark Federal Reserve Bank of Kansas City |
The Predictive Content of the Output Gap for Inflation: Resolving In-Sample and Out-of-Sample Evidence |
|
26 June 2006 |
Federal Reserve Bank of New York |
|
|
19 June 2006 |
Thomas Lubik Johns Hopkins University |
Empirical Relevance of Lucas Critique |
|
26 May 2006 |
Northwestern University |
Assessing Structural VARs |
|
22 May 2006 |
University of Washington |
Commodity Currencies and Exchange Rate Predictability: A Bayesian Model Averaging Approach |
|
15 May 2006 |
CIREQ, HEC, Montreal |
Reliability in Forecasting and Policy Analysis |
|
20 April 2006 |
Klaus Schmidt-Hebbel Central Bank of Chile |
Does Inflation Targeting Make a Difference? |
|
7 April 2006 |
ANU |
Total factor productivity, per capita income and social divergence |
|
30 March 2006 |
NIESR |
A Bayesian Indicator of Manufacturing Output from Qualitative Business Panel Survey Data |
|
20 March 2006 |
Seppo Honkapohja Cambridge University |
A Review of Models with Learning |
|
10 March 2006 |
Brookings Institution |
The Interaction of Labour Markets and Inflation: Analysis of Micro Data from the International Wage Flexibility Project |
|
7 March 2006 |
Sweta Saxena University of Pittsburg |
|
|
28 Feb 2006 |
Victoria University of Wellington |
The agribusiness cycles and its wavelets by |
|
7 Feb 2006 |
Emmanuel de Veirman Johns Hopkins University |
Which non-linearity in the Phillips curve? The absence of accelerating deflation in Japan |
|
1 Feb 2006 |
Michael Graff University of Queensland |
A multi-sectoral flash indicator for the Swiss business cycle |
|
1 Dec 2005 |
University of Canterbury |
Price Level Targeting and Delegation Issue |
|
29 Nov 2005 |
Victoria University of Wellington |
“Satisficing” Solutions to a Monetary Policy Problem: A Viability Theory Approach |
|
23 Nov 2005 |
LaTrobe University |
Inflexibility of Inflation Targeting Revisited: Modelling the Anchoring Effect |
|
16 Nov 2005 |
Yuliya Meshcheryakova Victoria University of Wellington |
Macroeconomic Effects of International Outsourcing |
|
19 Oct 2005 |
Victoria University of Wellington |
Development aid, Steady State Equilibrium, and Endogenously Arising Volatility in a Neoclassical Growth Model |
|
12 Oct 2005 |
Victoria University of Wellington |
|
|
5 Oct 2005 |
Adrian Pagan CAMA and ANU |
Inventories and the Business Cycle |
|
30 Sept 2005 |
Begoña Domínguez University of Auckland |
The Time-Consistency of Government Debt and Institutional Restrictions on the Level of Debt |
|
22 Sept 2005 |
Kylie Smith Reserve Bank of Australia |
Housing and the Household Wealth Portfolio: The Role of Location |
|
19 Sept 2005 |
Oxford University |
Unpredictability and the Foundations of Economic Forecasting |
|
17 Aug 2005 |
Department of Labour |
Income, Productivity and Real Interest Rates: Why are New Zealand and Australia so Different? |
|
12 Aug 2005 |
Australian National University |
Ramsey Fiscal and Monetary Policy under Sticky Prices and Liquid Bonds |
|
12 Aug 2005 |
Thomas Lubik Johns Hopkins University |
A Simple, Structural, and Empirical Model of the Antipodean Transmission Mechanism |
|
12 Aug 2005 |
Fordham University |
Fiscal and Trade Balances in a Model with Sticky Prices and Distortionary Taxes |
|
12 Aug 2005 |
Central Bank of Chile |
|
|
11 Aug 2005 |
University of Auckland Business School |
Calibration: A New Econometric Tool for Empirical Macroeconomics |
|
10 Aug 2005 |
Thomas Lubik John Hopkins University |
An Assessment of Search and Matching Models of Labour Markets |
|
4 Aug 2005 |
Waikato University |
Integration or Independence? An Alternative Assessment of Real Interest Rate Linkages |
|
27 July 2005 |
Thomas Lubik John Hopkins University |
|
|
26 July 2005 |
Federal Reserve Bank of San Francisco |
Robust Monetary Policy with Imperfect Knowledge |
|
19 July 2005 |
Federal Reserve Bank of San Francisco |
Monetary Policy Under Uncertainty in Micro-Founded Macroeconometric Models |
|
28 June 2005 |
Brandeis University |
Changing Inflation Persistence |
|
27 June 2005 |
Brandeis University |
Capital Requirement and Optimal Monetary Policy |
|
13 June 2005 |
University of Texas at Austin |
The Value of Peripatetic Economists: A Sesqui-Difference Evaluation of Bob Gregory |
|
20 May 2005 |
Federal Reserve Bank of Atlanta |
Identifying the New Keynesian Phillips Curve |
|
20 May 2005 |
Federal Reserve Bank of Atlanta |
A,B,C's (and D)'s for Understanding VARs |
|
13 April 2005 |
University of Washington |
Measuring the NAIRU with Reduced Uncertainty: A Multiple Indicator-Common Component Approach |
|
11 April 2005 |
University of Washington |
Partial Adjustment as Optimal Response in a Dynamic Brainard Model |
|
21 March 2005 |
Timo Teräsvirta Stockholm School of Economics |
Non-linear Econometrics |
|
3 March 2005 |
Dean Hyslop New Zealand Treasury |
Recent Developments in the Econometrics of Panel Data |
|
V. V. Chari University of Minnesota |
A Critique of Structural VARs Using Real Business Cycle Theory |
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