In this final edition of the Reserve Bank Bulletin for 2009, we present a range of articles about the New Zealand economy, spanning a number of the Reserve Bank’s functions.

The Reserve Bank of New Zealand has developed a new core macroeconomic model to replace the existing FPS (Forecasting and Policy System) model. KITT (Kiwi Inflation Targeting Technology), the new model, advances our modelling towards the frontier in terms of both theory and empirics. KITT...

Speech delivered to the Canterbury Employers’ Chamber of Commerce, Christchurch, 28 January 2011.

In December 2008, jointly with the Bank for International Settlements, the Reserve Bank hosted a workshop entitled “Nowcasting with Model Combination”. This workshop was an opportunity for central bank practitioners and local and offshore academics to discuss recent technical advances in how...