Victoria University

The short-run nationwide Macroeconomic effects of the Canterbury earthquakes

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Show simple item record Doyle, Lisa Noy, Ilan 2013-03-21T22:30:11Z 2013-03-21T22:30:11Z 2013 2013
dc.description.abstract We examine the short-run impact of the Canterbury earthquakes (4/9/2010, and 22/2/2011) on the New Zealand economy using VAR macro-models. Maybe surprisingly, we find little evidence of a pronounced impact on the aggregate economy. Our results suggest that the earthquakes reduced CPI inflation moderately, and the first earthquake had a small but short-lived, adverse effect on real gross domestic product (GDP) growth. At the very worse, it appears that policies (by the government and the Reserve Bank) have been successful in mitigating any serious adverse impact. The more significant impact of the earthquakes is to be found at the regional level. en_NZ
dc.language.iso en_NZ
dc.relation.ispartofseries SEF Working Paper Series en_NZ
dc.subject Canterbury earthquakes en_NZ
dc.subject short-run en_NZ
dc.subject natural disasters en_NZ
dc.subject macroeconomic variables en_NZ
dc.title The short-run nationwide Macroeconomic effects of the Canterbury earthquakes en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit School of Economics and Finance en_NZ
vuwschema.subject.marsden 140212 Macroeconomics (incl. Monetary and Fiscal Theory) en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ
dc.rights.rightsholder en_NZ

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