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The effectiveness of monetary policy in New Zealand

David G. Mayes, Brendon Riches

A paper presented for the Conference on Effective Monetary Policy organised by Macquarie University at the H C Coombs Centre for Financial Studies, Sydney, Australia, 29 and 30 October 1995. In their paper Dr Mayes and Mr Riches review the implementation and effectiveness of monetary policy under the monetary policy framework established in the Reserve Bank Act 1989. This includes discussion of some of the issues which have emerged from recent experience.