IMF Staff Country Reports

New Zealand: Selected Issues

May 19, 2008

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New Zealand: Selected Issues, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

This paper assesses the impact of a disruption to capital inflows by examining past episodes of capital inflows in New Zealand and other countries. It also reviews the IMF’s Global Economy Model (GEM), which is used to provide some estimates of the equilibrium relationship between New Zealand’s real effective exchange rate and real commodity prices. The analysis also suggests that permanent changes in non-energy commodity prices can have a significant impact on New Zealand’s equilibrium exchange rate.

Subject: Balance of payments, Capital inflows, Commodities, Commodity prices, Foreign exchange, Prices, Production, Productivity, Real effective exchange rates

Keywords: Asia and Pacific, Australia and New Zealand, Capital inflows, Commodity prices, Commodity-market imbalance, CR, GDP, Global, Good, Goods, Goods production, ISCR, Nontradable good, Price, Productivity, Real effective exchange rates, Sector productivity gap simulation, Tradable commodity good

Publication Details

  • Pages:

    34

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2008/164

  • Stock No:

    1NZLEA2008002

  • ISBN:

    9781451973877

  • ISSN:

    1934-7685

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