November 2006
Macroeconomic Policy Challenges for New Zealand
Monetary Policy
This paper discusses New Zealand’s economic performance and looks at its actual monetary policy and that of the past two decades. It makes the case that the monetary policy implemented in New Zealand does not respond to today’s economy, which has become more integrated with the international financial markets. It further explores the possible issues involved and provides a summary that can be addressed by policymakers.
© 2006 Lowy Institute for International Policy
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Stephen Grenville
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