New Zealand : Selected Issues

1NZLEA2008002 Image
Price:  $18.00

Release Date: © May, 2008
ISBN : 978-1-45197-387-7
Stock #: 1NZLEA2008002
English
Stock Status: On back-order

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Description

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.




More publications in this series: IMF Staff Country Reports