Workshop on New Zealand's national accounts and financial statistics

Background

The objectives of this workshop were:

  • To raise awareness about national accounts and financial statistics and issues relating to these.
  • To outline some of the work that is currently being done, or will be done, in order to fill current gaps or overcome difficulties with particular measures.
  • To encourage discussion on this work and related issues.

The workshop was relatively informal, with presentations rather than papers.

Chairperson: John McDermott, RBNZ (morning), Don Abel, RBNZ (afternoon)

Programme

Date: Monday 13 June 2011
Location: Reserve Bank of New Zealand

8.15am

Registration and tea/coffee



8.45am

Opening remarks

Alan Bollard (RBNZ)



Session 1

Challenges in producing quality national accounts and financial statistics



9.00am

International directions and user needs

Jeff Cope (SNZ)




National accounts and financial statistics

Rochelle Barrow (RBNZ)




Developing macro economic statistics - an Australian perspective

Ian Ewing (Australian Bureau of Statistics)

Presented by Jeff Cope




Discussion (20 mins)



10.30am

Morning tea



Session 2

Making the case for quality national accounts and financial statistics



10.50am

Measurement issues and policy - the IIP, current account and saving

Stephen Toplis (BNZ and member of Savings Working Group)




Flow of funds and financial accounts

Phil Briggs (RBNZ)




Discussion (20 mins)



12.10pm

Lunch

A demonstration of Bill Phillips' Moniac machine



Session 3

Successfully measuring New Zealand's economy



1.00pm

Successfully measuring New Zealand's economic performance

Rachael Milicich (SNZ)
Jude Hughes (SNZ)




Measuring government

John Janssen (Treasury)




Discussion (20 mins)



2:20pm

Afternoon tea



2.40pm

Macrofinancial statistics

David Hargreaves (RBNZ)




Discussion (10 mins)



3.20pm

Panel discussion – the way forward (30 mins)

Colin Lynch (SNZ)

Tim Hampton (Treasury)




Discussion (30 mins)



4.20pm

Closing remarks

Don Abel (RBNZ)



4.40pm

End of workshop