Subject: New Zealand Reserve Bank and The Treasury of New Zealand release book "Testing stabilisation policy limits in a small open economy" .
From: Willem H. Buiter (willembuiter@btinternet.com)
Date: Wed Oct 18 2006 - 18:56:59 EDT
Colleagues,
I would like to draw your attention to the following:
On 16th October 2006, the Reserve Bank of New Zealand and The New Zealand
Treasury released a book entitled "Testing stabilisation policy limits in a
small open economy" Bob Buckle and Aaron Drew, Editors, Copyright C 2006
Reserve Bank of New Zealand and The Treasury, ISBN 0-9582675-2-9
An electronic version of the manuscript is available at:
http://www.rbnz.govt.nz/research/workshops/12jun06/2837468.html
This book contains the proceedings of a conference held in Wellington on
June 12th this year. The conference included keynote papers and policy
reviews by overseas experts in monetary and fiscal policies, plus a panel
discussion by experts from the International Monetary Fund, the Organisation
for Economic Cooperation and Development and Victoria University of
Wellington. The brief of these experts was to critically review New
Zealand's macroeconomic policy frameworks and consider whether alternative,
possibly non-conventional, policy tools might be needed to better manage
inflation, the exchange rate and economic growth over the business cycle.
The contents of the book are as follows:
"Preface"
"Testing stabilisation policy limits in a small open economy: Editors'
summary of a macroeconomic policy forum"
Bob Buckle, The Treasury
Aaron Drew, Reserve Bank of New Zealand
"Macroeconomic policy challenges: monetary policy"
Stephen Grenville, Lowy Institute
Discussion by Christopher Allsopp, University of Oxford
"Stabilisation policy in New Zealand: Counting your blessings, one by one"
Willem Buiter, London School of Economics
Discussion by Pierre Siklos, Wilfred Laurier University
"New Zealand's monetary and exchange-rate policy in international
comparison"
Klaus Schmidt-Hebbel, Central Bank of Chile
Discussion by John Edwards, HSBC
"External imbalances in New Zealand"
Sebastian Edwards, University of California, Los Angeles
Discussion by William Cline, Institute for International Economics
"Panellist comments on the proceedings"
Val Koromzay, Organisation for Economic Co-operation and Development
Stephen Dunaway, International Monetary Fund
John McDermott, Victoria University of Wellington
Sincerely,
Willem H. Buiter
Professor of European Political Economy, European Institute, London School
of Economics and Political Science.
