EconPapers    
Economics at your fingertips  
 

How New Zealand adjusts to macroeconomic shocks: implications for joining a currency area

Sharon McCaw and Christopher McDermott ()

Reserve Bank of New Zealand Bulletin, 2000, vol. 63, No 1

Abstract: In this article we consider how the New Zealand economy might adjust to shocks if it were a member of a currency union. In a currency union the exchange rate can no longer act as a mechanism of adjustment. Consequently, we consider the role of alternative adjustment mechanisms, such as migration, price and wage flexibility, and fiscal adjustment.

Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9) Track citations by RSS feed

Downloads: (external link)
http://www.rbnz.govt.nz/-/media/ReserveBank/Files/ ... -1McCawMcDermott.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nzb:nzbbul:march2000:3

Access Statistics for this article

More articles in Reserve Bank of New Zealand Bulletin from Reserve Bank of New Zealand Contact information at EDIRC.
Bibliographic data for series maintained by Reserve Bank of New Zealand Knowledge Centre ().

 
Page updated 2019-04-24
Handle: RePEc:nzb:nzbbul:march2000:3