Fiscal and Monetary Policy in the wake of COVID - a workshop hosted by the New Zealand Treasury and Reserve Bank of New Zealand
Date: 22 June 2021
Location: Room RHLT2, Rutherford House, Victoria University of Wellington, 33 Bunny Street, Pipitea, Wellington and virtually.
The Reserve Bank and Treasury are pleased to announce a workshop on fiscal and monetary policy in the wake of the Covid-19 pandemic.
The aim of the workshop is to bring together the New Zealand macroeconomic research community to discuss recent innovative analysis and the outlook for macroeconomic policy.
Keynote speakers
Keynote addresses will be delivered by:
- Dr Caralee McLiesh (Chief Executive and Secretary to the Treasury)
- Professor Eric Leeper (Paul Goodloe McIntire Professor in Economics at the University of Virginia)
Key event details
Presented papers will cover:
- Enhancing the role of fiscal policy in macro stabilisation
- Estimating fiscal multipliers
- Fiscal consolidation scenarios for NZ
- Distributional effects of monetary policy
- The welfare implications of a dual mandate for monetary policy
The workshop will also host a panel session of public sector chief economists. Panel members will offer their views on the key macroeconomic issues facing New Zealand.
Workshop agenda
Download the workshop agenda (PDF 53KB)
8:30am to 9:00am
Registration
9:00am to 9:05am
Welcome
Christian Hawkesby, Assistant Governor, Reserve Bank of New Zealand
9:05am to 9:45am
Speech: New challenges for macroeconomic stabilisation policy: the role of fiscal policy
Dr Caralee McLiesh, Secretary to the Treasury
9:45am to 10:30am
Staff paper 1: Enhancing the role of fiscal policy in macro stabilisation
Oscar Parkyn, The Treasury
10:30am to 10:50am
Morning tea
10:50am to 11:35am
Staff paper 2: Fiscal Multipliers
Yifei Lyu, The Treasury
Discussant: Gunes Kamber, IMF
11:35am to 12:35pm
Keynote Speech: Understanding Monetary-Fiscal Interactions (via videolink)
Professor Eric Leeper, University of Virginia
12:35pm to 1:30pm
Lunch
1:30pm to 2:15pm
Staff paper 3: Fiscal Consolidation Scenarios for NZ
Andrew Binning, The Treasury
Discussant: Kirdan Lees, Sense Partners
2:15pm to 3:00pm
Staff paper 4: Distributional Impacts of Monetary Policy
Karsten Chipenuik/Gulnara Nolan, Reserve Bank of New Zealand
Discussant: Robert Kirkby, Victoria University of Wellington
3:00pm to 3:20pm
Afternoon tea
3:20pm to 4:05pm
Staff paper 5: The Welfare Implications of a Dual Mandate for Monetary Policy
Punnoose Jacob/Murat Ozbilgin, Reserve Bank of New Zealand
Discussant: Dennis Wesselbaum, University of Otago
4:05pm to 4:50pm
Panel Discussion: Key issues in public sector policy
Dominick Stephens, The Treasury, Moderator
Public sector chief economists:
Bronwyn Croxson (Ministry of Health)
Yuong Ha (RBNZ)
Joanne Leung (Transport)
Donna Purdue (MBIE)
4:50pm to 6:00pm
Drinks
Registrations are now closed
If you have queries, please contact:
Adam Richardson
Manager, Central Banking Analytics
Reserve Bank of New Zealand
[email protected]
04 471 3653
or
Peter Gardiner
Manager, Forecasting and Modelling
The Treasury
[email protected]
+64 4 917 6901