New Zealand Economic Papers articles from December 2003

New Zealand Economic Papers archives from December 2003

Monetary policy and the volatility of real exchange rates in New Zealand.
December 1, 2003... 1. Introduction The primary goal of monetary policy in New Zealand is price stability. But that is not the sole mandate of the Reserve Bank of New Zealand. Recent Policy Targets Agreements have also called on the Bank to "avoid unnecessary...

Muddling through and policy analysis *.
December 1, 2003... In a variety of books and articles, both published and in process, I've been out pushing the idea of the "economics of muddling through" as the description of the approach to policy that will become standard in economics over the next 20 or 30...

Calm after the storm? Supply-side contributions to New Zealand's GDP volatility decline.
December 1, 2003... 1. Background and motivation There is mounting international evidence that growth and business cycles in many developed economies have been through a transition to lower volatility. There are also some indications that the variance of New...

A directed tour of search-theoretic explanations for unemployment.
December 1, 2003... 1. Introduction What causes unemployment? The "classical" view, as presented in, for example, Pigou (1932), held that there are two key sources: "frictional" unemployment--caused by adjustment problems as the economy evolves, and...

Changing the tutorial experience in introductory economics.
December 1, 2003... Changing the tutorial experience in introductory economics 1. Introduction Becker and Watts (2001) have observed, from their extensive longitudinal survey on teaching methods in undergraduate economics courses, that the most common...

Teaching and assessing intermediate macroeconomics: an innovative approach.
December 1, 2003... Introduction Facing the specific issue of teaching an intermediate level open economy macroeconomics module to business students whose previous background in economics range from introductory level economics courses to virtually no...

Treasury: the New Zealand Treasury 1840-2000.
December 1, 2003... by Malcolm McKinnon (Auckland, Auckland University Press), 2003, 526pp, ISBN 1-86940-296-0 Treasury Secretary from 1986 to 1993, Graham Scott, got it wrong when he said 'I'm interested in getting back to the old money-bags role, what...

The Lost Art of Economics.
December 1, 2003... by David Colander (Cheltenham, Edward Elgar), x + 203pp., ISBN 1 84064 694 2. I graduated with a clear understanding that economics was a social science with the emphasis on the science part of that definition. Firmly embedded within that...