Household saving can be measured as either the difference between the flows of current income and expenditure, or through households' balance sheets as changes in the stocks of accumulated net wealth. This paper examines household saving in New Zealand and other OECD countries, with particular...

Concern has been raised by an apparent lack of saving in New Zealand. It is often argued that policies which foster savings are important, as higher savings will contribute to higher economic growth. This paper investigates the link between saving, investment and growth. In particular, it...

This paper examines the trends in saving in New Zealand. It considers different sources of information about saving and highlights issues with the measurement of saving. Illustrations are provided of the impact of adjusting saving for both the effects of inflation and the inclusion of some items...

This paper investigates the production structure of the New Zealand business sector using the recently released 1996 input output tables. The analysis is undertaken at the most disaggregated level for which data are available, 126 industries. Indices of backward and forward linkages, measures of...

This paper constructs a composite index of leading indicators of New Zealand employment. The choice of variables and their weights in the composite index are determined by their concordance with employment. The composite index is included in an indicator model to forecast quarterly employment...

This paper investigates changes in the production structure of the New Zealand economy using input output data. The analysis is undertaken at the 25-industry level using inter industry transactions for 1971-72, 1977-78, 1981-82, 1986-87, 1990-91 and 1994-95. Changes in the composition of gross...

The purpose of this paper is to compare New Zealand's production structure in the mid-1990s to that in other OECD countries using input output analysis. Comparable inter industry transactions tables to the New Zealand data are available for Australia, Belgium, Denmark, Finland, Germany, Norway...

Macroeconomic models currently used by policy makers generally assume that the workings of financial markets can be fully summarised by financial prices, because the Modigliani and Miller (1958) theorem holds. This paper argues that these models are too limited in describing how monetary policy...

The purpose of this paper is to develop an analytical framework for discussing the link between financial systems and economic growth. Financial systems help overcome an information asymmetry between borrowers and lenders. If they do not function well, economic growth will be negatively...

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 (VAR) model of the New Zealand economy, employing and...