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Our paper is in the spirit of Rex Bergstrom's interests and research in cyclical growth models and his meticulous attention to underlying data series. We develop a new quarterly real GDP series for post–World War II New Zealand, derive a new “benchmark” set of classical business cycle...
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Key features of NZ business cycles were established for the period 1966q4 to 1990q1 by Kim, Buckle and Hall (1994) (KBH), but the conduct of fiscal, monetary and labour market policy and the behaviour of New Zealand's economy have changed considerably since then. Our results for the period...
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We use unobserved components methodology to establish an Australasian common cycle, and assess the extent to which region-specific cycles of Australian states and New Zealand are additionally important. West Australian and New Zealand region-specific growth cycles have exhibited distinctively...
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