IMF Staff Country Reports

New Zealand: Selected Issues

May 2, 2003

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New Zealand: Selected Issues, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Summary

This Selected Issues paper examines the external linkages of the New Zealand economy. Empirical results from vector autoregressive models suggest that economic activity in Australia tends to have more of a significant direct impact on New Zealand than does activity in the United States. Fluctuations in the U.S. GDP, however, appear to be transmitted to New Zealand indirectly through their effects on the Australian economy. Financial linkages also have been important components in transmitting shocks from Australia and the United States to the New Zealand economy.

Subject: Business cycles, Economic growth, Financial institutions, Income, Labor, National accounts, Pensions, Private savings, Sovereign bonds

Keywords: Australia and New Zealand, Business cycles, CR, Estimation period, Government bond, Household savings rate, Income, Income support, ISCR, Pensions, Private savings, Rate, Saving rate, Savings problem, Sovereign bonds, Yield, Yield spread

Publication Details

  • Pages:

    38

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2003/122

  • Stock No:

    1NZLEA0022003

  • ISBN:

    9781451830248

  • ISSN:

    1934-7685