Todd Henry

Summer Intern

Why I chose to apply for a RBNZ summer internship

I chose to apply for a RBNZ summer internship after taking a keen interest in macroeconomics at University. It seemed like it would be a great opportunity to gain some practical experience applying everything I’ve learnt throughout my studies.

What work I’ve been doing as a summer intern

Over the summer I’ve been working in the Modelling team in the Economics Department. My main project has involved looking at some of the work that has been done on decomposing US Treasury bond yields, and how changes in these components of US Treasury bond yields impact New Zealand’s interest rates and exchange rates.

What else I’ve been involved in at the Bank

I’ve attended a lot of roundtable discussions and presentations, and got to learn about what everyone else at the bank has been working on. I’ve also played a lot of squash and touch rugby with others from the Bank.

This summer has been memorable because

This summer has been memorable because of the people. Everyone I worked with was very friendly, and always made the time to offer some advice or feedback when needed. They’re also extremely knowledgeable about the issues I’m interested in and hearing about their work was always fascinating.

Why I would recommend the internship to others

It’s a great opportunity to be around some of the best economists in New Zealand and I feel like I’ve learnt so much from them. The work you get to do is very rewarding and gives you great experience at applying what you’ve learnt at university in a practical setting.