New Zealand has accumulated substantial liabilities against the rest of the world reflecting persistent current account deficits over the past 30 years. International evidence suggests that when international creditors become unwilling to continue to fund a country’s external liabilities (a...

North Carolina’s demand for electricity will grow at approximately 1.1% annually through 2035. That could mean an additional yearly demand of 39 million megawatt hours (MWh) by 2035, enough to power 2.9 million North Carolina households. If residents paid the current rate for that additional...

We experimentally investigate the disposition of decision makers to use case-based reasoning as suggested by Case-Based Decision Theory (Gilboa and Schmeidler, 1995). Our subjects face a monopoly decision problem about which they have very limited information. Information is presented in a...

This note takes a closer look at some factors that influence demand and supply in residential property markets, and goes on to consider how such factors might be relevant in interpreting current New Zealand developments.

This note presents the data and technical detail underlying a new set of estimates of gross asset returns since 1989 for a wide range of assets relevant to New Zealanders. The estimates have an economy-wide lens. An individual investor is likely to be interested in the realised risk and return...

This article introduces a new set of estimates of gross nominal returns since 1989 for a broad range of asset classes relevant to New Zealand investors. Risk and return characteristics of the assets are presented, and aggregate trends are discussed. However, many other factors may be relevant to...

This paper investigates and compares the dynamic properties of the New Zealand Treasury model (NZTM) and the current version of the Reserve Bank's Forecasting and Policy System model (FPS). The main use of both two models is to produce macroeconomic forecasts. The NZTM model produces forecasts...