New Zealand: Selected Issues

Volume/Issue: Volume 2008 Issue 164
Publication date: May 2008
ISBN: 9781451973877
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , ISCR , CR , good , goods , GDP , goods production , price , tradable commodity good , commodity-market imbalance , nontradable good , sector productivity gap simulation , Capital inflows , Commodity prices , Productivity , Real effective exchange rates , Global , Asia and Pacific , Australia and New Zealand

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.