Panel Session I, Practical Experiences in Reducing Inflation: The Case of New Zealand

I prepared my chapter for the NBER volume personally, on the basis of my experience as Governor of the Reserve Bank of New Zealand for nearly 14 years, from September 1, 1988, to April 26, 2002. I received no payment for the preparation of the speech.

At the time I gave the speech, I was a director of two major companies in New Zealand - the ANZ National Bank (New Zealand's largest commercial bank) and Transpower (the state-owned company which owns the electricity grid in New Zealand). They certainly contributed no money towards the preparation of the speech, and there was no conflict of interest involved in the content of the speech.