We examine the impact of shocks on community outcomes. The shocks that we examine are exogenous economic shocks which occur externally to the local community, and which are hypothesised to impact on the community. By testing the impact of these shocks on community developments, we enrich...

This paper analyses key issues that may be relevant to setting the Crown's overall objectives and practices for financial asset and liability management. It examines implications of the nature of the Crown's balance sheet for asset and liability management and investigates the appropriate...

Work began in 2001 on a new official history of the RBNZ, focusing on the period since publication of Gary Hawke's study of the Bank in 1973. This paper discusses the arrangements under which the current project is managed, explains the significance of the RBNZ for central banking, and indicates...

It has been suggested that the New Zealand economy may have similar characteristics and face similar shocks to some Australian states, so lowering the costs of a trans-Tasman currency union. We test this, under the assumption that differences in Taylor rule-implied interest rate paths for...

Small countries may not be able to afford all force elements (army, navy, air-force) operated by larger countries and certainly cannot afford all sub-elements (aircraft carriers, submarines, etc). This paper provides a framework for a small country to analyse its force structure, examining the...

The monetary policy role of the Central Bank is discussed.

This article examines recent research regarding the information content of monetary aggregates and monetary policy.

This article is based on the Bank's submission to the Minister of Commerce review of post - 1992 tariff policy.