The Treasury has started to review New Zealand Aotearoa's macroeconomic frameworks to understand if changes in how we manage the economy can deliver better outcomes for New Zealanders.
Our macroeconomic frameworks guide decision-making and policy choices about the public finances and monetary policy; this means they impact everything from interest rates to tax to provision of public services and have significant impacts on the wellbeing of current and future New Zealanders.
Read more about our re-examination of the macroeconomic frameworks and how you can get involved.
On 22 June, Te Tai Ōhanga – the New Zealand Treasury and Te Pūtea Matua – Reserve Bank of New Zealand brought together the macroeconomic research community for a workshop on fiscal and monetary policy in the wake of the COVID-19 pandemic.
The workshop also offered an opportunity for the Treasury to begin discussions and considerations to feed into its review of New Zealand's macroeconomic frameworks.