Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


December 2007 Reserve Bank Bulletin released

December 2007 Reserve Bank Bulletin released

The Reserve Bank today released the December 2007 issue of the Reserve Bank of New Zealand Bulletin.

This edition of the Bulletin focuses on the theme of the household sector. Household spending, saving and investment patterns strongly influence developments in the economy and financial system.

The first of the three articles relating to the household sector provides a stocktake of the Bank's extensive research programme on the persistent rise in household debt, decline in the rate of household saving, and rise in house prices.

The second article is a report by external sociologist consultants, Janice Burns and Maire Dwyer, on householders' attitudes to saving, investment and wealth.

The third article looks at how factors such as householder age, whether or not the householder owns the house, and the level of debt secured against a house that is owner-occupied, can influence household spending behaviour.

The final article in the edition looks at the recent restoration of the MONIAC hydraulic economic computer. This computer was designed and built by the pioneering New Zealand economist, Bill Phillips, in the 1940s.

Phillips' life and work will be celebrated in July 2008 at an international economists' symposium in Wellington. 2008 marks the 50th anniversary of the publication of Phillips' most famous article, about the relationship between inflation and unemployment. This relationship subsequently became widely known as the Phillips Curve.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news