The Treasury

Global Navigation

Personal tools

References

Barrios, S. and P. Rizza (2010) “Unexpected changes in tax revenues and the stabilisation function of fiscal policy: Evidence for the European Union 1999-2008.” Economic Papers 404, European Commission, February 2010.

Bell, M. (2010) “Fiscal drag elasticity for FSM projections at Budget 2010.” Internal note, The Treasury.

Bezdek, V., K. Dybczak and A. Krejdl (2003) “Cyclically adjusted fiscal balance – OECD and ESCB methods.” Czech Journal of Economics and Finance, 53:11-12.

Blanchard, O. and R. Perotti (2002) "An empirical characterisation of the dynamic effects of changes in government spending and taxes on output." The Quarterly Journal of Economics 117(4): 1329-1368.

Borkin, P. (2006) "Past, Present and Future Developments in New Zealand's Terms of Trade." New Zealand Treasury Working Paper 06/09, July 2006.

Bouthevillain, C., P. Cour-Thimann, G. van den Dool, P. Hernández De Cos, G. Langenus, M. Mohr, S. Momigliano, and M. Tujula (2001) “Cyclically adjusted balances: an alternative approach.” European Central Bank Working Paper No. 77, September 2001.

Campbell, J. Y., A. W. Lo, and A. C. MacKinlay (1996) The Econometrics of Financial Markets. Princeton University Press.

Congressional Budget Office (2003) “The uncertainty of budget projections: A discussion of data and methods.” CBO Report, April 2003.

Claus, I., P. Conway, and A. Scott "The output gap: measurement, comparisons and assessment." Reserve Bank of New Zealand, Research Paper No. 44, June 2000.

Claus, I., A. Gill, B. Lee and N. McLellan (2006) "An empirical investigation of fiscal policy in New Zealand." New Zealand Treasury Working Paper 06/08, July 2006.

Davis, E. P. (2010) “Asset prices and real economic activity.” OECD Economics Department Working Paper No. 764, May 2010.

De Veirman, E. and A. Dunstan (2008) “How do housing wealth, financial wealth and consumption interact? Evidence from New Zealand.” RBNZ Discussion Paper Series, DP2008/05.

Eschenbach F. and L. Schuknecht (2002) “Asset prices and fiscal balances.” ECB Working Paper No. 141, May 2002.

European Commission (2002) “Public Finances in the EMU - 2002.” European Economy,No. 3, European Commission.

Farrington, S., J. McDonagh, C. Colebrook and A. Gurney (2008) “Public finances and the cycle.” Treasury Economic Working Paper No. 5, HM Treasury, November 2008.

Fedelino, A., A. Ivanova and M. Horton (2009) “Computing cyclically adjusted balances and automatic stabilizers.” Technical Notes and Manuals, 09/05, International Monetary Fund.

Fowlie, K. (1999) "Automatic Fiscal Stabilisers." New Zealand Treasury Working Paper 99/07, June 1999.

Girouard, N. and C. André (2005) "Measuring Cyclically-adjusted Budget Balances for OECD Countries." OECD Economics Department Working Papers, No. 434.

Girouard, N. and R. Price (2004) “Asset prices cycles, ‘one-off' factors and structural budget balances.” OECD Economics Department Working Papers No. 391, OECD.

Hagemann, R. (1999) “The structural budget balance: The IMF's methodology.” IMF Working Paper WP/99/95, July 1999.

Hallet, A. H., R. Kattai and J. Lewis (2009) “Can we rely on real time figures for cyclically adjusted budget balances?” Bank of Estonia Working Paper Series 2/2009.

Jaeger, A. and L. Schuknecht (2004) “Boom-bust phases in asset prices and fiscal policy behaviour.” IMF Working Paper WP/04/54, April 2004.

Kanda, D. (2010) “Asset booms and structural fiscal positions: the case of Ireland.” IMF Working Paper WP/10/57, March 2010.

Kirker, M. (2007) “A review of the cyclically adjusted balance.” Internal paper, The Treasury.

McDonald, T., Y. Hong Yan, B. Ford and D. Stephan (2010) “Estimating the structural budget balance of the Australian Government.” Economic Roundup, Issue 3, 2010, Commonwealth Treasury.

Morris, R. and L. Schuknecht (2007) “Structural balances and revenue windfalls: the role of asset prices revisited.” ECB Working Paper No. 737, March 2007.

New Zealand Treasury (2005) A Guide to the Public Finance Act. The Treasury.

New Zealand Treasury (2009) "Getting started on closing the income gaps: some economic scenarios and options for reform and rebalancing." Treasury Report T2009/1953, The Treasury, 19 August 2009.

NZIER (2009)Report on terms of trade.” Consultancy report prepared for the Treasury, New Zealand Institute of Economic Research.

OECD (2009) OECD Economic Surveys: New Zealand. OECD.

Office for Budget Responsibility (2010) Pre-Budget Report June 2010.

Orphanides, A. and S. van Norden (2002) "The Unreliability of Output-Gap Estimates in Real Time." The Review of Economics and Statistics, Vol. 84, No. 4 (Nov., 2002), pp. 569-583.

Philip, R. and J. Janssen (2002) "Indicators of Fiscal Impulse for New Zealand." New Zealand Treasury Working Paper 02/30, December 2002.

Price, R. and Thai-Thanh Dang (2010) “Adjusting fiscal balances for the asset price cycle.” OECD Economics Department Seminar, 21 May 2010.

Rozhkov, D. (2006) “Fiscal policy and the terms of trade boom.” IMF Country Report No. 06/373, October 2006.

Ryan, M. And K. L. Szeto (2009) "An Introduction to the New Zealand Treasury Model." New Zealand Treasury Working Paper 09/02, September 2009.

Schule, W. (2010) "The Potential Contribution of Fiscal Policy to Rebalancing and Growth in New Zealand." IMF Working Paper No. 10/128, May 2010.

Tam, J. and H. Kirkham (2001) "Automatic fiscal stabilisers: implications for New Zealand." New Zealand Treasury Working Paper 01/10, December 2001.

Turner, D. (2006) “Should measures of fiscal stance be adjusted for terms of trade effects?” Economic Department Working Paper No. 519, OECD.

Page top