New Zealand: Selected Issues Paper

International Monetary Fund

No 2011/103, IMF Staff Country Reports from International Monetary Fund

Abstract: The Savings Working Group in New Zealand presented recommendations in February 2011, and suggested raising national saving by 2–3 percent of GDP. The increase in net public saving in the country explains part of the reason for lower net private saving in New Zealand. Net public saving of the country is about 3 percent of GDP above the average of advanced countries for the past 15 years. Financial liberalization also appears to have played a role in saving behavior.

Keywords: ISCR; CR; Australia; saving; GDP; national saving; saving rate; commodity price; public saving; business cycle; Private savings; Spillovers; Terms of trade; Vector autoregression; Commodity prices; Australia and New Zealand; Asia and Pacific (search for similar items in EconPapers)
Pages: 40
Date: 2011-05-09
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