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Submission: Phase 2 of the Reserve Bank of New Zealand Act Review (August 2019)

This submission is in response to the second round of consultation on Phase 2 of the Reserve Bank of New Zealand Act review. Written by Roger Partridge and Dr Bryce Wilkinson, this submission focuses on four issues raised in consultation documents 2A and 2B, namely: What high-level financial policy objectives should the Reserve Bank have? Read more

Dr Bryce Wilkinson
Roger Partridge
Submission
16 August, 2019

Research Note: The Unreserved Bank of New Zealand: Why unorthodox monetary policy needs boundaries

With its rate cut on 7 August 2019, the Reserve Bank of New Zealand surprised markets and sent a strong signal that unorthodox or unconventional monetary policy could be on the cards. We argue that, especially under unconventional circumstances, predictability of the Reserve Bank is needed to retain its credibility, independence and reputation. Read more

Dr Oliver Hartwich
Dr Eric Crampton
Professor Robert MacCulloch
13 August, 2019

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