New Zealand : Selected Issues Paper.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2010/145

IMF Staff Country Reports

Language:

English

Subjects (All):

Economic development--New Zealand.

Economic development.

New Zealand--Economic conditions.

New Zealand.

Physical Description:

1 online resource (20 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2010.

Summary:

This Selected Issues paper focuses on the issues of fiscal policy, rebalancing, and growth in New Zealand. The paper discusses that a key policy challenge for New Zealand is to rebalance the economy and reduce external vulnerabilities. It provides model-based estimates of the potential contribution that fiscal consolidation can make to external rebalancing and economic growth in New Zealand. The paper briefly describes the Global Integrated Monetary and Fiscal (GIMF) model, and provides some background on macroeconomic vulnerabilities and challenges in New Zealand.

Contents:

Cover; Contents; I. Fiscal Policy, Rebalancing, and Growth in New Zealand; A. Introduction; B. The Global Integrated Monetary and Fiscal Model; C. New Zealand's Imbalances and Growth Challenges; D. Will Higher Government Savings Lead to Higher National Savings?; Figures; 1. Permanent Decrease in Government Consumption by 1 Percent of GDP; 2. Permanent Increase in Government Savings by 1 Percent of GDP; 3. Impact of a Larger Fall in the Risk Premium; E. Fiscally Neutral Changes in Taxes and Expenditures; 4. Shifting Taxes on Consumption; 5. Reducing the Size of the State

6. Increasing Productivity of Government SpendingAnnex; I. Modeling the Risk Premium in GIMF; References

Notes:

"May 2010".

Includes bibliographical references.

Description based on print version record.

ISBN:

9786612846823

9781462390694

1462390692

9781452744650

1452744653

9781282846821

1282846825

9781455202720

145520272X

OCLC:

870597514