Model Reviews

Periodically the Reserve Bank's functions, models or processes are subject to external scrutiny and review. This page provides links to reviews of the Bank's models. Reviews of the Bank's policy frameworks, and the Bank's submissions and supporting documents, can be found under Monetary Policy.

Review of the forecasting model used by the Reserve Bank

June 2014

This review by Dr Philip Turner, from the Bank for International Settlements, found that the model used by the Reserve Bank helps to discipline the policy debate and can expose incomplete thinking.

A review of NZSIM model (PDF 740KB).

Report on Kiwi Inflation Targeting Technology (KITT)

June 2009

Report on KITT (Kiwi Inflation Targeting Technology), the Reserve Bank of New Zealand’s new macroeconomic model.