The Reserve Bank's role in the recent business cycle: actions and evolutions

Aaron Drew · Adrian Orr

20 citations0/0 files storedRePEc: Research Papers in Economics

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Monetary Policy and Economic Impact Banking stability, regulation, efficiency Global Financial Crisis and Policies

Abstract

This article reviews how monetary policy evolved during the recession of the early 1990s and that in 1998, and discusses some of the lessons the Bank has learned.

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1994The inflation/output variability trade-off revisited 2003Estimating Potential Output: A Semi-Structural Approach 2000Efficient simple policy rules and the implications of potential output uncertainty 1998The Forecasting and Policy System: Stochastic Simulations of the Core Model 1992An announced downward path for inflation

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2002The Reserve Bank's forecasting performance 20003 Strategic Choices in Inflation Targeting: The New Zealand Experience 2003The impact of monetary policy on New Zealand business cycles and inflation variability

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