New Zealand: Selected Issues and Statistical Appendix
October 20, 1999
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This Selected Issues paper and Statistical Appendix describes New Zealand’s evolving approach to inflation targeting. It describes the experience of New Zealand with inflation targeting, and discusses the motives behind the change in its approach toward a more flexible framework. The paper discusses the main features of New Zealand’s exchange rate cycle during the 1990s. It also analyzes some of the potential causes of exchange rate variability, and describes the effects of variability on other macroeconomic variables.
Subject: Balance of payments, Capital controls, Exchange rates, Foreign exchange, Inflation, Inflation targeting, Monetary policy, Price stabilization, Prices, Real exchange rates
Keywords: Asia and Pacific, capital control, Capital controls, CR, exchange rate, exchange rate cycle, Exchange rates, Global, Inflation, Inflation targeting, inflation targeting framework, inflation-targeting country, inflation-targeting regime, ISCR, nominal exchange rate, Price stabilization, target band
Pages:
54
Volume:
1999
DOI:
Issue:
119
Series:
Country Report No. 1999/119
Stock No:
1NZLEA0021999
ISBN:
9781451830217
ISSN:
1934-7685
