Victoria University

Stylised facts for New Zealand business cycles: A post-1987 perspective

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Show simple item record McKelvie, S. Hall, Viv B. 2012-08-01T02:41:42Z 2012-08-01T02:41:42Z 2012 2012
dc.description.abstract Key features of NZ business cycles were established for the period 1966q4 to 1990q1 by Kim, Buckle and Hall (1994) (KBH), but the conduct of fiscal, monetary and labour market policy and the behaviour of New Zealand's economy have changed considerably since then. Our results for the period 1987q2 to 2010q4 show a reduction in volatility and a rise in persistence for both the real economy and for price and monetary variables. Government sector, open economy, monetary and labour market results differ from those advanced in KBH. Overall, we establish a more credible set of benchmark regularities, to help underpin the construction and use of contemporary NZ macroeconomic models. en_NZ
dc.language.iso en_NZ
dc.relation.ispartofseries SEF Working Paper Series en_NZ
dc.subject Business cycle stylised facts en_NZ
dc.subject New Zealand en_NZ
dc.subject Growth cycle analysis en_NZ
dc.title Stylised facts for New Zealand business cycles: A post-1987 perspective en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit School of Economics and Finance en_NZ
vuwschema.subject.marsden 149999 Economics not elsewhere specified en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ
dc.rights.rightsholder en_NZ

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