New Zealand Economic Papers articles from December 1 1997

New Zealand Economic Papers archives from December 1 1997

Optimal currency denomination of public debt in New Zealand.
December 1, 1997... This paper addresses the issue of whether New Zealand's public debt obligations should be denominated in domestic or foreign currency. Using the tax-smoothing approach of Bohn (1990), we estimate optimal debt portfolios. We find that, contrary to...

Demographic variables in demand systems: an analysis of New Zealand household expenditure 1984-1992.
December 1, 1997... Econometric analysis of household expenditure is an important area of economic inquiry because the estimated demand parameters are particularly useful in many behavioural aspects of demand forecasting and in welfare issues. This paper analyses...

The determinants of house prices in New Zealand: an aggregate and regional analysis.
December 1, 1997... This paper models the determinants of house prices in New Zealand at an aggregate and regional level. We model the demand for housing as part of households' overall consumption decision and combine it with a supply curve and an aggregate...

A forward-looking model of aggregate consumption in New Zealand.
December 1, 1997... An aggregate consumption function is estimated for New Zealand from 1974 to 1995. The instability of previous New Zealand models is addressed by using a broad measure of net wealth and a theoretically more sound measure of income. Households are...

Inference on "Earnings Dynamics Over the Life Cycle: New Evidence for New Zealand." (response to J. Creedy, New Zealand Economic Papers, vol. 30, p. 131, 1997)
December 1, 1997... This note re-examines the main finding of Creedy's (1997a) study of income dynamics in New Zealand: regression towards the mean of taxable income and negative serial correlation. The Wald tests he used to conduct statistical inference, as well as...

International Trade and Competition Policy: CER, APEC and the WTO.
December 1, 1997... by Kerrin M. Vautier and Peter J. Lloyd (Wellington: Institute of Policy Studies, 1997), xii + 178 pp., ISBN 0 908935 18 8. This relatively compact monograph, 128 pages excluding appendices, is an effort to review some of the issues involved in...

The Commercialisation of New Zealand.
December 1, 1997... by Brian Easton (Auckland: Auckland University Press, 1997), vii + 288 pp., ISBN 1 86940 173 5. This book should do little to diminish Brian Easton's reputation as an indefatigable critic of the more radical aspects of the "New Zealand...

The Business of Economics.
December 1, 1997... by John Kay (Melbourne: Oxford University Press, 1996), xii + 216 pp., ISBN 0 19 829222 8. There is a story about Sir Laurence Olivier coming off stage to tumultuous applause, after performing some mighty role like Hamlet or Lear. He is in...

Ungoverning the Economy: The Political Economy of Australian Economic Policy.
December 1, 1997... by Stephen Bell (Melbourne: Oxford University Press, 1997), xi + 324 pp., ISBN 0 19 553634 7. Stephen Bell calls his book "Ungoverning the Economy", but the subtitle "The Political Economy of Australian Economic Policy" provides a better...

Hospital Cost Analysis.
December 1, 1997... by James R. G. Butler (Dordrecht: Kluwer Academic Publishers, 1995), xxii + 393 pp., ISBN 0 7923 3247 4. Hospitals are multiproduct firms that provide an intermediate product for a spectrum of health-related conditions through a wide range of...

An Introduction to New Zealand Capital Markets.
December 1, 1997... by Roger Bowden (Palmerston North: Dunmore Press, 1996), 186 pp., ISBN 0 86469 2765. As one might expect from the title, Roger Bowden surveys the principal capital market institutions, and the instruments: bonds, equities, derivatives and...