The short-run nationwide macroeconomic effects of the Canterbury earthquakes

Lisa Doyle and Ilan Noy

New Zealand Economic Papers, 2015, vol. 49, issue 2, 134-156

Abstract: We examine the short-run impact of the two Canterbury earthquakes (4/9/2010 and 22/2/2011) on the New Zealand economy using vector autoregressive models. Maybe surprisingly, we find little evidence of a pronounced impact on the aggregate economy. Our results suggest that the earthquakes reduced consumer price index inflation moderately, and the first earthquake had a small but short-lived, adverse effect on the real gross domestic product growth. At the very worse, it appears that policies (by the government and the Reserve Bank) have been successful in mitigating any serious adverse macroeconomic impact. The more significant impact of the earthquakes is to be found at the regional level.

Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
http://hdl.handle.net/10.1080/00779954.2014.885379 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: The short-run nationwide Macroeconomic effects of the Canterbury earthquakes (2013)
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:taf:nzecpp:v:49:y:2015:i:2:p:134-156

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RNZP20

DOI: 10.1080/00779954.2014.885379

Access Statistics for this article

New Zealand Economic Papers is currently edited by Dennis Wesselbaum

More articles in New Zealand Economic Papers from Taylor & Francis Journals
Bibliographic data for series maintained by ().