New Zealand: Selected Issues

May 5, 2004

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Format: Chicago

New Zealand: Selected Issues, (USA: International Monetary Fund, 2004) accessed September 20, 2024

Summary

This Selected Issues paper conducts a comparative analysis of the main determinants of GDP per capita growth in New Zealand and in other OECD countries to assess the relative importance of macroeconomic factors, institutional settings, and geographical location in New Zealand’s growth performance during the last 30 years. The estimation results find strong support for the view that geographical isolation has significantly hampered growth in New Zealand. The paper also reviews the international experience with prefunding public defined-benefit pension schemes, with a focus on recent reforms in industrial countries—Canada, Ireland, Norway, and Sweden.

Subject: Expenditure, Fiscal policy, Inflation, Labor, Marginal effective tax rate, Pension spending, Pensions, Prices, Tax policy

Keywords: Australia and New Zealand, CR, Discretionary fiscal policy, Fiscal policy action, Fiscal policy mechanism, Fiscal policy rule, GDP, Inflation, ISCR, Marginal effective tax rate, Monetary policy, Pension spending, Pensions, Policy credibility

Publication Details

Pages:

28
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/127
Stock No:

1NZLEA0022004
ISBN:

9781451830255
ISSN:

1934-7685

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