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

We estimate the underlying macroeconomic policy objectives of three of the earliest explicit inflation targeters - Australia, Canada and New Zealand - within the context of a small open economy DSGE model. We assume central banks set policy optimally, such that we can reverse engineer policy...

Auckland is on the move. Economic growth is outpacing most regions and people continue to flow into the city. This is putting pressure on the shape of Auckland city and the form of housing and transport infrastructure.