New Zealand: Selected Issues Paper
May 9, 2011
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The Savings Working Group in New Zealand presented recommendations in February 2011, and suggested raising national saving by 2–3 percent of GDP. The increase in net public saving in the country explains part of the reason for lower net private saving in New Zealand. Net public saving of the country is about 3 percent of GDP above the average of advanced countries for the past 15 years. Financial liberalization also appears to have played a role in saving behavior.
Subject: Commodity prices, Econometric analysis, Financial sector policy and analysis, International trade, National accounts, Prices, Private savings, Spillovers, Terms of trade, Vector autoregression
Keywords: Asia and Pacific, Australia, Australia and New Zealand, business cycle, commodity price, Commodity prices, CR, GDP, ISCR, national saving, Private savings, public saving, saving, saving rate, Spillovers, Terms of trade, Vector autoregression
Pages:
40
Volume:
2011
DOI:
Issue:
103
Series:
Country Report No. 2011/103
Stock No:
1NZLEA2011002
ISBN:
9781455274512
ISSN:
1934-7685
