Monetary Policy Challenge

Terms and conditions

To follow are the terms and conditions that must be met for an entry to be valid. Entrants accept these terms and conditions when they sign their entry form. Please read these terms and conditions carefully as failure to meet them could result in disqualification from the competition.

Entries

  1. Entries are open to all New Zealand secondary schools as specified by the Ministry of Education
  2. All entries must be received by Wednesday 29 March 2017.
  3. Incomplete entries will not be accepted.
  4. Entries are limited to one team per secondary school.
  5. Teams must consist of three to five students who are currently enrolled in a New Zealand secondary school and are in Year 12 or 13.

Submission of PowerPoint slides and presentations

  1. The Monetary Policy Challenge (MPC) forecasting period is up until Tuesday 9 May 2017. Teams need to use data supplied on the Monetary Policy Challenge website.
  2. All PowerPoint slides for the initial videoconference presentation round must be submitted by 5.00pm, Wednesday 10 May 2017.
  3. Entrants must submit a set of PowerPoint slides with a clear monetary policy decision on the Official Cash Rate (OCR) and slides that will support the team's explanation and justification of this decision during a 10 minute videoconference presentation.
  4. Analysis and conclusions should be supported with evidence from Reserve Bank or external data sources.
  5. The names of all national finalists will be posted on the Monetary Policy Challenge website on Wednesday 7 June 2017.
  6. The national winners of the Monetary Policy Challenge and the teams placed 2nd and 3rd agree to release their PowerPoint slide submission to interested schools that request a copy. They also agree to having a video of their presentation at the national final placed on the Monetary Policy Challenge and YouTube websites for other schools to view.

Judging

  1. The judges' decision is final and no correspondence will be entered into.
  2. Entrants shall not contact judges for direct feedback on the judging process or results.
  3. Two judges will adjudicate the videoconference presentations; three judges will adjudicate the national finals.
  4. Judges will select six national finalists from all entries to compete in the national final.

Videoconference presentations and national final

  1. Teams agree to adhere to the presentation and judging time that is allocated and notify the competition coordinator if there are any problems.
  2. Certificates for participation, merit or distinction will be awarded at the judges' discretion to all teams who present.
  3. A teacher or parent must accompany teams to the national finals.
  4. Six national finalists will proceed to the National Final at the Reserve Bank in Wellington on Wednesday 5 July 2017. The Bank will cover the cost of travel to and from Wellington for each team member and one teacher or parent. One night's accommodation will be funded if travel cannot be completed in one day.
  5. The national winner will be announced after the national final. National finalists will receive a certificate and certificates will be awarded for first, second and third place. Cash prizes are awarded to the winning schools.
  6. The National winning team will spend Thursday 10 August 2017 at the Bank as a guest of the Governor, Graeme Wheeler, and attend a Monetary Policy Statement announcement and media conference. The Bank will cover the cost of travel to and from Wellington and any accommodation for each team member and one teacher.
  7. National finalists consent to their name and image being used for public relations and marketing purposes relating to this competition without compensation and also agree to participate in an un-paid media/promotional programme (e.g. press, TV interviews etc.), as required.

General

  1. Any grievances or complaints must be submitted in writing to the Monetary Policy Challenge Coordinator who will forward them to the Communications Committee for review, comment, consultation and resolution.
  2. Any entrant failing to comply with these terms and conditions may be disqualified from the competition.
  3. The Reserve Bank of New Zealand reserves the right to amend these terms and conditions or issue binding rulings on any matter not included in these terms and conditions. Such decisions shall be final.