Monetary arrangements for New Zealand
By: Peter Hartley.
Publisher: New Zealand Business Roundtable
Published: 2001
Place of publication: Wellington, NZ
Language: eng
Number of pages: 114
Subjects: Money -- New Zealand.; Monetary policy -- New Zealand.; Financial institutions -- New Zealand.
Notes: Includes bibliographical references (p. 113-114).
"May 2001."
Table of contents: title: Machine generated contents note: List of Figures iv; title: About the authorv; title: Acknowledgements vi; title: 1 Introduction and overview 1; title: 1.1 Abandoning the New Zealand dollar 2; title: 1.2 Government review of monetary policy 4; title: 1.3 What, if anything should be done? 7; title: 2 Conduct of policy under current arrangements 9; title: 2.1 Inflation as a policy concern 10; title: 2.2 Short-run real effects, and long lags 17; title: 2.3 Strict and flexible inflation targeting 21; title: 2.4 New approaches to monetary policy? 36; title: 3 Alternative monetary arrangements 39; title: 3.1 Monetary policy and globalisation 39; title: 3.2 Monetary union 42; title: 3.3 Dollarisation or a currency board as long-run goals 50; title: 3.4 Competitive base money supply 57; title: 4 Conclusion 65; title: 5 Appendix: Monetary policy and the economy 69; title: 5.1 What can the Reserve Bank control? 69; title: 5.2 Money, real interest rates and output 73; title: 5.3 Inflation and interest rates in an open economy 96; title: 6 References 113.