Formats and related files
The authors thank Ivan Tuckwell for his help in preparing the data files and participants in seminars at the University of Waikato and the Treasury. In particular, Bob Buckle and John Creedy have made helpful suggestions.
The views expressed in this Working Paper are those of the author(s) and do not necessarily reflect the views of the New Zealand Treasury. The paper is presented not as policy, but with a view to inform and stimulate wider debate.