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NZSIM: A model of the New Zealand economy for forecasting and policy analysis

Neroli Austin, Geordie Reid

The New Zealand Structural Inflation Model, NZSIM, is the Reserve Bank's core macroeconomic model. NZSIM provides the central organising framework for the Reserve Bank's forecasting and economic analysis during the monetary policy making process. NZSIM was designed to be smaller and simpler than the previous model to make the model outcomes easier to understand and to improve its ease of use in the policy process.

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