- Info
2013
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An Analysis of Benefit Flows in New Zealand Using a Social Accounting Framework (WP 13/01)
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Authors: Omar Aziz, Nick Carroll and John Creedy. This paper presents a social accounting model to examine the entrants, exits and transitions of individuals among a wide range of benefit categories in New Zealand. Transition rates and flows are estimated separately for periods before the global financial crisis (GFC) and periods following the crisis. The data were obtained from the Benefit Dynamics Dataset maintained by the Ministry of Social Development. The model is used to examine, using simulations, the implications for the time profile of changes in the stock of benefit recipients under a range of counterfactual situations. It is suggested that the model can provide a useful tool for policy analysis.
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The Effects of Fiscal Policy in New Zealand: Evidence from a VAR Model with Debt Constraints (WP 13/02)
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Authors: Oscar Parkyn and Tugrul Vehbi. This paper investigates the macroeconomic effects of fiscal policy in New Zealand using a structural Vector Autoregression (SVAR) model. The model is the five-variable structural vector autoregression (SVAR) framework proposed by Blanchard and Perotti (2005), further augmented to allow for the possibility that taxes, spending and interest rates might respond to the level of the debt over time.
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