Business Cycle New Zealand

Statistics new zealand international financial.

Business cycle new zealand. The new zealand dollar and the recent business cycle an address by donald t. New zealand and selected oecd countries sources. Results from two tests for duration dependence are reported in section 4.

Business cycle fluctuations that are very long or big can lead to too much inflation in the expansion phase or not enough growth and too much unemployment in the contraction phase. 4 from the latter data set have been utilised. Since the second world war there have been nine classical cycles of expansion and contraction in new zealand.

New zealand s classical business cycles have displayed an unusual level of volatility especially in contraction phases. For new zealand business cycles are reported and commented on in section 3. Descriptive accounts of new zealand s business cycles over the period 1998 to 2011 can be found inchetwin 2012 and of past recessions are available inreddell and sleeman 2008.

2 methodology as documented in appendix c our raw data series have been sourced from statistics new zealand snz the reserve bank of new zealand rbnz and the new zealand treasury. The new zealand business cycle 1051 a new benchmark set of classical business cycle turning points and correspond ing nonparametric cycle characteristics are presented in section 3. New zealand s classical business cycles.

Variable is an important contributor to the new zealand business cycle. Its overall score has decreased by 0 3 point with small declines in scores for property rights. Get in touch and let us help bring your adventure to life.

Methodology 2 1 classical turning points and cycle characteristics dating expansions and contractions in economic time series the popular folklore is that two consecutive quarterly declines increases in real gdp. In section 5 markov switching models estimated by gibbs sampling methods kim and. Kunjungi situs web kami.