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Extract from the paper#
This paper takes a high-level, helicopter view, look back at the course of fiscal and monetary policy, alongside that of the New Zealand macro-economy, over the past three decades or so. It does so with an eye to seeing how those macro variables have evolved in relation to each other, in the context of helping to inform assessments of whether and, if so how, there may be scope for fiscal and monetary policy to be coordinated in ways that help to achieve best possible macro-stabilisation outcomes.
Acknowledgements#
The author acknowledges substantial assistance in the preparation of this paper from Sarah Lindsey, along with helpful comments from Andrew Binning, Anna Hamer-Adams, Ash Dunstan, Ben Gaukrodger, Chris Bloor, Daniel Wills, Grant Spencer, Jean-Pierre Andre, Jack Starrett-Wright, Ken Warren, Matthew Brunton, Matthew Galt, Renee Philip, Tim Ng and Tim Hampton. Any remaining errors are my own.