European Parliament Library

New Zealand :, 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion

After several years of strong growth, the New Zealand economy entered a recession in early 2008. The 2009 Article IV Consultation highlights that the near-term outlook for New Zealand is weak. Executive Directors have noted that the significant fiscal stimulus under way will help cushion the near-term impact of the downturn. They have also commended the authorities for taking timely measures to strengthen confidence and support bank access to funding, including through the introduction of funding guarantees and the expansion of the Reserve Bank’s liquidity facilities and acceptable collateral instruments
Table Of Contents
Cover; Contents; Executive Summary; I. Background; Figures; 1. Macroeconomic Developments; 2. Monetary and Financial Conditions; 3. Fiscal Position; 4. External Developments; 5. Banking Sector Developments; II. Policy Discussions; A. The Outlook; Boxes; 1. Tail Risks to the Forecast; B. Fiscal Policy; 6. Fiscal Outlook; C. Monetary Policy; D. Financial Sector; 2. Review of the Monetary Policy Framework; E. External Stability; 3. New Zealand's Equilibrium Real Effective Exchange Rate; 4. Households' Saving Rate and Wealth; III. Staff Appraisal; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (38 p.)
Specific Material Designation
Form Of Item

Library Locations

  • EP Library Strasbourg

    7 Place Adrien Zeller, Allée du Printemps, Strasbourg, F-67070, FR
  • EP Library Brussels

    60 rue Wiertz, Brussels, B-1047, BE
  • EP Library Luxembourg

    Rue du Fort Thüngen, Luxembourg, L-1313, LU