Existing results on the contribution of terms of trade and world interest rate shocks to output fluctuations in small open economies range from less than 10% to almost 90%. We argue that an identification problems lies at the heart of these vastly different results. In this paper, we overcome...

We estimate a small-scale, structural general equilibrium model of a small open economy using Bayesian methods. Our main focus is the conduct of monetary policy in Australia, Canada, New Zealand and the U.K., as measured by nominal interest rate rules. We consider generic Taylor-type rules,...

This paper discusses New Zealand's role in the global market for tertiary education. The internationalization and liberalization of education markets is progressing rapidly in today's globalizing world, as reflected by the incorporation of education as a service into the GATS framework. Through...

We look at how large international datasets can improve forecasts of national activity. We use the case of New Zealand, an archetypal small open economy. We apply "data-rich" factor and shrinkage methods to tackle the problem of efficiently handling hundreds of predictor data series from many...

Forms of European multi-level administration show an increased 'defibration' of the state through a shift of functioning onto the European level, onto other transnationally acting member states and onto the level of social self-organisation. At the same time a new 'complexity' is to be observed...

Contemporary research has frequently stressed the resilience of welfare states facing internal and external problem pressure or ideologically motivated attacks. Theoretical explanations of welfare state change have in part been eclipsed by explanations of its remarkable stability. But does the...

Die vielfältigen heimischen Probleme der öffentlichen Verwaltung und der sozialen Systeme wecken das deutsche, Interesse an Reformbeispielen jenseits der Grenzen. Mit welchen Instrumenten arbeitet das erfolgreiche neuseeländische Organisationsmodell für die öffentliche Verwaltung? Wje...