This paper provides an overview of key issues involved in the choice among market-based instruments for climate change policy. Specifically, it examines the potential net benefits from shifting to a permit system for emission reduction, and the preconditions necessary for this change. It also...

This paper uses disaggregated price data to analyse the extent and the speed of retail price convergence between New Zealand and Australia since 1984. The paper addresses several issues concerning the integration of markets in the two countries. It compares the behaviour of the prices of a set...

This paper discusses the intrinsic and instrumental value of governance and social norms to the well being of New Zealanders. The interaction between informal social norms and formal institutions is also discussed. An attempt is made to identify the channels and precise mechanisms through which...

Utilising evidence from a longitudinal data set of young adults in New Zealand, this study examines the determinants of school leaving and labour supply behaviour of young adults at ages 16 and 18. The data set employed (the Christchurch Health and Development Survey) includes a number of...

This paper explores readily available data up to 1996 on New Zealand’s saving rates and the level of savings, and examines the portfolio allocation of savings. It finds that New Zealanders’ household saving rates are low, whilst above average public saving rates leave national saving rates...

Work on assessing Treasury’s forecasting performance to date has focussed on comparisons against consensus forecasts. This study compares Treasury’s GDP and CPI forecast performance against individual private sector forecasters as well as major public sector institutions such as the IMF,...

This review paper examines the link between internal migration and regional labour market adjustment. It outlines the motivation and scope of our enquiry, discusses the three key questions that we plan to pursue, reviews relevant international and New Zealand literature, and outlines proposals...

New Zealand's Current Account of the Balance of Payments has been persistently in deficit since the early 1970s and increased markedly during the late 1990s. Is this a cause for significant concern? This paper tackles this question by evaluating New Zealand's external solvency, the degree of...

The setting of quantitative, time-limited ?targets? backed up by institutional and managerial rewards and sanctions has been a notable feature of performance improvement efforts in the National Health Service (NHS) in England since 1998 and especially in the period 2000-2004. Performance...

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...