New Zealand : Selected Issues

1NZLEA0022003 Image
Price:  $15.00

Release Date: © May, 2003
ISBN : 978-1-45183-024-8
Stock #: 1NZLEA0022003
English
Stock Status: On back-order

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Description

This Selected Issues paper examines the external linkages of the New Zealand economy. Empirical results from vector autoregressive models suggest that economic activity in Australia tends to have more of a significant direct impact on New Zealand than does activity in the United States. Fluctuations in the U.S. GDP, however, appear to be transmitted to New Zealand indirectly through their effects on the Australian economy. Financial linkages also have been important components in transmitting shocks from Australia and the United States to the New Zealand economy.




More publications in this series: IMF Staff Country Reports