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References

Amato, J.D. (2005) “The Role of the Natural Rate of Interest in Monetary Policy.” Bank for International Settlements, Working Paper No. 171, March.

Anderton, R., Baldwin, R.E. and Taglioni, D. (2003) “The Impact of Monetary Union on Trade Prices.” Royal Economic Society, Annual Conference 2003 5, January.

Archibald, J. and Hunter, L. (2001) “What is the neutral real interest rate, and how can we use it?” Reserve Bank of New Zealand Bulletin 64(3): 15 - 28.

Basdevant, O., Björksten, N. and Karagedikli, Ö. (2004) “Estimating a time varying neutral real interest rate for New Zealand.” Reserve Bank of New Zealand, Discussion Paper DP2004/01, February.

Bassanini, A., Scarpetta, S. and Hemmings, P. (2001) “Economic Growth: The Role of Policies and Institutions: Panel Data Evidence from OECD Countries.” OECD Economics Department, Working Paper No. 283.

Bekaert, G., Wei, M. And Xing, Y. (2007) “Uncovered interest rate parity and the term structure.” Elsevier, Journal of International Money and Finance 26 (6): 1038-1069, October.

Bernhardsen, T. and Gerdrup, K. (2007) “The neutral real interest rate.” Norges Bank Economic Bulletin 4/2007 LXXVIII(2): 52-64, June.

Björksten, N. and Karagedikli, Ö. (2003) “Neutral real interest rates revisited.” Reserve Bank of New Zealand Bulletin 66(3): 18 - 27.

Brook, A. and Hargreaves, D. (2000) “A macroeconomic balance measure of New Zealand's equilibrium exchange rate.” Reserve Bank of New Zealand, Discussion Paper DP2000/09, December.

Brunnermeier, M.K., Nagel, S. and Pedersen, L. H. (2008) “Carry Trades and Currency Crashes.” National Bureau of Economic Research, Working Paper 14473, November.

Brzoza-Brzezina, M. and Cuaresma, J.C. (2008) “Mr. Wicksell and the global economy: What drives real interest rates?” Oesterreichische Nationalbank, Working Paper 139.

Burnside, C., Eichenbaum, M. and Rebelo, S. (2008) “Carry Trade: The Gains of Diversification.” Journal of the European Economic Association, 6(2-3): 581 - 588.

Cameron, L., Chapple, B., Davis, N., Kousis, A. and Lewis, G. (2007) “New Zealand Financial Markets, Saving and Investment.” New Zealand Treasury Policy Perspectives Paper 07/01.

Chirinko, R., Fazzari, S. and Meyer, A. (2002) “That Elusive Elasticity, A long-panel approach to estimating the price sensitivity of business capital.” 10th International Conference on Panel Data, Berlin, July 5-6, 2002 B3-1, International Conferences on Panel Data. http://econpapers.repec.org/cpd/2002/80_chirinko.pdf.

Chortareas, G.E. and Driver, R.L. (2001) “PPP and the real exchange rate - real interest rate differential puzzle revisited: evidence from non-stationary panel data.” Bank of England, Working Paper No. 138.

Clarida, R., Davis, J. and Pedersen, N. (2009) “Currency Trade Regimes: Beyond the FAMA Regression.” National Bureau of Economic Research, Working Paper 15523, November.

Cline, W.R. and Williamson, J. (2010) “Currency Wars?” Peterson Institute for International Economics, Policy Brief, Number PB10-26, November.

Feldstein, M. And Horioka, C. (1980) “Domestic Saving and International Capital Flows.” The Economic Journal, 90(358): 314 - 329, June.

Ferguson, R.W. Jr. (2004) “Equilibrium Real Interest Rate: Theory and Application” remarks to the University of Connecticut School of Business Graduate Learning Center and the SS&C Technologies Financial Accelerator, Hartford, Connecticut, October 29.

Frankel, J. (2008) “Carried Away: everything you wanted to know about the carry trade.” Milken Institute Review, 1st quarter: 38 -45.

Friberg, R. (2001) “Two monies, two markets? Variability and the option to segment.“ Journal of International Economics 55(2): 317 - 327.

Galati, G., Heath, A., and McGuire, P. (2007) “Evidence of carry trade activity.” Bank for International Settlements, Quarterly Review, September.

Gordon, M. (2003) “Estimates of time-varying term premia for New Zealand and Australia.” Reserve Bank of New Zealand, Discussion Paper DP2003/06, August.

Hawkesby, C. Smith, C. and Tether, C. (2000) “New Zealand's currency risk premium.” Reserve Bank of New Zealand Bulletin, 63(3): 32 - 44.

International Monetary Fund (2003) “New Zealand Selected Issues.”Country Report No. 03/122, May.

International Monetary Fund (2010) “New Zealand: 2010 Article IV Consultation—Staff Report; and Public Information Notice on the Executive Board Discussion.” Country Report No. 10/144, May.

Jorda, O. and Taylor, A.M. (2009) “The Carry Trade and Fundamentals: Nothing to Fear but FEER Itself.” National Bureau of Economic Research, Working Paper 15518, November.

Krippner, L. (2010) “Connecting the dots: a yield curve perspective on New Zealand's interest rates” Reserve Bank of New Zealand Bulletin,73(3): 5 -19, September.

Lally, M. (2000) “The real cost of capital in New Zealand: Is it too high?” Discussion Paper prepared for the Business Roundtable, July.

Lane P.R. and Milesi-Ferretti G.M. (2001) “Long-term Capital Movements.” National Bureau of Economic Research, Chapter in Macroeconomics Annual 16: 73 - 136.

Mabin, G. (forthcoming) “New Zealand's Exchange Rate Cycles: Evidence and Drivers.” New Zealand Treasury Working Paper.

Macdonald, R. (2000) “Concepts to Calculate Equilibrium Exchange Rates: An Overview.” Deutsche Bundesbank, Discussion Paper Series 1: Economic Studies 2000/03, July.

Maier, P. (2004)“EMU enlargement, inflation and adjustment of tradable goods prices: What to expect.” De Nederlandsche Bank, Working Paper No. 10/September.

NZIER (2010) “Save now, prosper later: Increasing New Zealand's saving rate - a preliminary dynamic CGE analysis.” NZIER viewpoint, Working paper 2010/2, November.

Plantier, L.C. (2003) “New Zealand's Economic Reforms after 1984 and the neutral real rate of interest” Reserve Bank of New Zealand, Draft Document.

Plantier, L.C. and Scrimgeour, D. (2002) “Estimating a Taylor Rule for New Zealand with a time-varying neutral real rate” Reserve Bank of New Zealand, Discussion Paper DP2002/06, May.

Portes R. and Rey, H. (1999) “The determinants of cross border equity flows.” Centre for Economic Policy Research, Discussion Papers 2225.

Reserve Bank of New Zealand (2007) “Why are New Zealand interest rates so persistently high by international standards?” Select Committee Submission, July.

Statistics New Zealand (2007)“Measuring Saving in the National Accounts.”, released in conjunction with National Accounts: Year ended March 2007, November.

Wicksell, K. (1907) “The Influence of the Rate of Interest on Prices.” Economic Journal XVII, pp. 213-220 read before the Economic Section of the British Association in 1906.

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