Strategic Risk Analysis - Latest News [Page 1]
Alternative Monetary Policy Statement
Wednesday, 28 September 2011, 10:21 am | Strategic Risk Analysis
This Statement is produced to help hold the Reserve Bank accountable for avoiding “unnecessary instability in output, interest rates and the exchange rate”, as it is required to do under clause 4 (b) of the Policy Targets Agreement (see http://www.rbnz.govt.nz/monpol/pta/3517828.html ... More >>
A quarterly review of the economic forecasters - August 2011
Thursday, 25 August 2011, 5:00 pm | Strategic Risk Analysis
NZIER does an excellent job surveying the economic forecasters each quarter and producing a report that summarises the average or Consensus Forecasts for key economic indicators (e.g. economic growth, residential building activity, consumer spending, interest ... More >>
A superior framework for making OCR decisions
Wednesday, 29 June 2011, 12:30 pm | Strategic Risk Analysis
Since 1989 the RBNZ has tried a number of approaches to operating monetary policy, but it has not tried the obvious choice. It has not tried keeping the OCR close to the level that is consistent with achieving the medium term inflation target (i.e. ... More >>
The fundamental flaw in the way OCR decisions are made
Wednesday, 22 June 2011, 11:37 am | Strategic Risk Analysis
In the first report on monetary policy released last week I reviewed New Zealand’s experience with an independent central bank since 1989 (see http://www.sra.co.nz/pdf/MonetaryPolicyMediaRelease1.pdf ). I concluded that the experience since 1989 should teach us to be wary of what ... More >>
Is the Reserve Bank the cure or the disease?
Wednesday, 15 June 2011, 10:18 am | Strategic Risk Analysis
This report reviews New Zealand’s experience with an independent central bank since 1989. It provides an assessment of whether the Reserve Bank (RBNZ) has been more the cure or the disease from an economic wellbeing or human perspective. This question ... More >>