Monetary and fiscal policy interaction workshop

Thursday 9 October 2008
Reserve Bank of New Zealand

Workshop Programme

Thursday 9 October 2008

8.30am

Coffee and registration

Morning Session

8.55am

Chaired by Kirdan Lees, RBNZ

Opening remarks by John McDermott, Assistant Governor, RBNZ

9.00 – 9.40

Identifying Fiscal & Monetary Policy in a Structural VAR (PDF 430KB)

Renee Fry, Australian National University / CAMA, & Mardi Dungey, University of Tasmania / CAMA

Discussant

Comments on: The Identification of Fiscal and Monetary Policy in a Structural VAR (PDF 156KB)

Martin Fukac, RBNZ

10.00 – 10.40

Unobserved Components Business Cycles for New Zealand. What Are They and What Might Drive Them? (PDF 465KB) Viv Hall, Victoria University of Wellington & John McDermott, RBNZ

Discussant

Comments on: Unobserved Components Business Cycles for New Zealand. What Are They and What Might Drive Them? (PPT/PDF 728KB)

Dimitri Margaritis, Auckland University of Technology

11.00am

Coffee break

11.30 – 12.15

Fiscal Foresight: Analytics and Econometrics (PDF 440KB)

Eric Leeper, University of Indiana & Todd Walker, Indiana University & Shu-Chun Susan Yang, Academia Sinica

Discussant

Comments on: Fiscal Foresight: Analytics and Econometrics (PDF 132KB)

Mardi Dungey, University of Tasmania / CAMA

12.40pm

Lunch

Afternoon Session

Chaired by Emmanuel De Veriman, RBNZ

2.00 – 2.40

EU Membership and the Stationarity of Budget Deficits (PDF 102KB) Mark Holmes, Waikato University & Jesus Otero, Universidad del Rosario & Theodore Panagiotidis, University of Macedonia

Discussant

Comments on: EU Membership and the Stationarity of Budget Deficits (PPT/PDF 636KB)

John Janssen, New Zealand Treasury

3.00 – 3.40

Monetary Policy and Fiscal Foresight (PDF 394KB)

Nora Traum, University of Indiana

Discussant

Comments on: Monetary Policy and Fiscal Foresight (PDF 157KB)

Timo Henckel, Australian National University

4.00pm

Workshop Ends

7.00pm

Pre Dinner Drinks

7.30pm

Workshop Dinner