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Events calendar

The business cycle housing and the role of policy

This 2007 joint workshop presented a range of work that has been completed by us, Treasury and other researchers in the areas of housing, macro policies and the business cycle.

Published date:
Past Event
Reserve Bank of New Zealand

Programme for 10 December

Morning session

Session chair: John McDermott (Reserve Bank of New Zealand)

Opening remarks by Alan Bollard, Governor, RBNZ

Changes in the transmission mechanism of monetary policy in New Zealand
Presented by: Aaron Drew, Rishab Sethi, Christie Smith & Ozer Karagedikli (Reserve Bank of New Zealand)
Discussant: Dominik Stephens (Westpac)

Identifying fiscal and monetary policy in a small open economy VAR
Presented by: Mardi Dungey and Renee Fry (Cambridge University, ANU, CAMA)
Discussant: Christie Smith (Reserve Bank of New Zealand)

The roles of fiscal policy in New Zealand
Presented by: Bob Buckle, Felicity Barker and Rob St Clair (The Treasury)
Discussant: Michael Reddell (Reserve Bank of New Zealand)

Afternoon session

Session chair: Gavin Lockwood (The Treasury)

Comparative approaches to fiscal rules
Presented by: Felicity Barker and Renee Phillip (The Treasury)
Discussant: David Gruen (Australian Treasury)

Cycle-stabilising capital requirements: what can be achieved?
Presented by: Tim Ng (Reserve Bank of New Zealand)
Discussant: Bryan Chapple (MED)

Housing, markets and migration in New Zealand 1962–2006
Presented by: Andrew Coleman (Reserve Bank of New Zealand) and John Landon-Lane (Rutgers University)
Discussant: Dave Mare (MOTU)

Programme for 11 December

Morning session

Session chair: Peter Bushnell (The Treasury)

DPMC summary of the inquiry into housing in New Zealand
Presented by: DPMC
Discussant: John Gibson (University of Waikato)

Impacts of land availability, housing supply and planning infrastructure on New Zealand house prices
Presented by: Arthur Grimes (MOTU)
Discussant: Ernst Zoellner (Wellington City Council)

Housing wealth, financial wealth & consumptions: evidence from New Zealand
Presented by: Emmanuel de Veirman, Ashley Dunstan and Felix Delbruck (Reserve Bank of New Zealand)
Discussant: Khoon Goh (ANZ)

Afternoon session

Session chair: Bernard Hodgetts (Reserve Bank of New Zealand)

Credit constraints and housing markets in New Zealand
Presented by: Andrew Coleman (Reserve Bank of New Zealand)
Discussant: Iris Claus (IRD)

The tax system and housing demand in New Zealand
Presented by: David Hargreaves (Reserve Bank of New Zealand)
Discussant: Geoff Leggett (IRD)