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A Structural VAR Approach to Estimating Budget Balance Targets
Buckle, Robert A; Kim, Kunhong; Tam, Julie - 2001
The Fiscal Responsibility Act 1994 states that, as a principle of responsible fiscal management, a New Zealand government should ensure total Crown debt is at a prudent level by ensuring total operating expenses do not exceed total operating revenues. In this paper a structural VAR model is...
Persistent link: https://www.econbiz.de/10012115464
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New Zealand's Fiscal Policy Framework: Experience and Evolution
Janssen, John - 2001
Fiscal policy in New Zealand has seen a consolidation of the Government's position and continuing refinements to the institutional framework and Budget processes. The key institutional change has been the introduction of the Fiscal Responsibility Act 1994. The paper sets out the background to...
Persistent link: https://www.econbiz.de/10012115478
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An empirical investigation of fiscal policy in New Zealand
Claus, Iris; Gill, Aaron; Lee, Boram; McLellan, Nathan - 2006
This paper examines the effects of fiscal policy, measured by changes in government spending and net tax (government … tax revenue less transfer payments), on New Zealand GDP. The framework of analysis is a structural vector autoregression …
Persistent link: https://www.econbiz.de/10012115596
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Roles of Fiscal Policy in New Zealand
Barker, Felicity C; Buckle, Robert A; Clair, Robert W St - 2008
Economic growth is one of the objectives of the current government. Fiscal policy, encompassing government expenditure and taxation decisions, can significantly impact on economic growth. This paper proposes a framework which views fiscal policy through three lenses and applies this approach to...
Persistent link: https://www.econbiz.de/10012115607
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The Effects of Fiscal Policy in New Zealand: Evidence from a VAR Model with Debt Constraints
Parkyn, Oscar; Vehbi, Tugrul - 2013
effects of tax policy changes are less clear cut, but again the effects on GDP appear similarly modest. Past fiscal policy is …
Persistent link: https://www.econbiz.de/10012115638
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Returning to Surplus: New Zealand's Post-GFC Fiscal Consolidation Experience
Bose, Dhritidyuti; Philip, Renee; Sullivan, Richard - 2016
permanently lower expectations for future tax revenue. These circumstances were compounded by the significant costs associated …
Persistent link: https://www.econbiz.de/10012115711
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Enhancing the role of fiscal policy in New Zealand's macroeconomic stabilisation
Bernstein, Jenna; Gaukrodger, Ben; Parkyn, Oscar - 2024
This paper considers the role of fiscal policy in New Zealand's macroeconomic stabilisation. New Zealand's macroeconomic framework is characterised by an institutional arrangement whereby monetary policy has the primary responsibility for macroeconomic stabilisation. In contrast, fiscal policy...
Persistent link: https://www.econbiz.de/10015067343
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Working for Families changes: The effect on labour supply in New Zealand
Mok, Penny; Mercante, Joseph - 2014
paper are obtained using the behavioural microsimulation model for New Zealand, TAXMOD-B. We used the Household Economic … simulation are in the same direction and of similar magnitudes as the ex-post results from the WfF evaluation reports. Our … for sole parents. These changes in labour supply are reflected in the tax revenue, family payment and benefit income …
Persistent link: https://www.econbiz.de/10012115685