New Zealand: 2013 Article IV Consultation

May 14, 2013

Preview Citation

Format: Chicago

New Zealand: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 24, 2024

Summary

New Zealand’s economy continued to grow at a moderate rate, in part reflecting the effects of the recent drought and inflation. The macroeconomic policy has been framed to absorb adverse shocks with flexible exchange rates to serve as buffer. The planned pace of deficit reduction is balanced between sustaining aggregate demand and limiting public debt growth. Recent stress tests also showed that major banks could withstand a sizable shock to output, terms of trade, rising unemployment, and a fall in property prices.

Subject: Balance of payments, Banking, Current account deficits, Exchange rates, External debt, Foreign exchange, Housing prices, Inflation, Prices

Keywords: CR, Current account deficits, Exchange arrangement, Exchange rates, Global, House price growth, House price inflation, Housing prices, Inflation, ISCR, Liability positions vis-à-vis nonresident, Medium term deficit reduction plan, Price, Rate

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/117
Stock No:

1NZLEA2013001
ISBN:

9781484308837
ISSN:

1934-7685

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