Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


2003 Monetary Policy school competition

2003 Monetary Policy school competition

For the second year running, The Reserve Bank today launched the Monetary Policy Challenge school competition. The Challenge is an education initiative aimed at secondary school economics students, designed to expand their understanding of monetary policy.

The competition involves teams of students becoming, in effect, central bankers. Each team presents written advice to the Reserve Bank on what the Official Cash Rate should be.

Last year's competition was a great success, the winner being Logan Park High School from Dunedin.

The competition starts on 21 July 2003 and runs throughout the third school term. Regional heats will be held in Dunedin, Christchurch, Wellington, Hamilton and Auckland during August, at which oral presentations will be made. The winning team from each region will be invited to the Reserve Bank to compete in the finals, held on 16 September 2003.

The winning school will receive a cash prize and its MPC team will be invited to attend, an actual Monetary Policy Statement release in Wellington.

Reserve Bank Governor Alan Bollard commented "The Monetary Policy Challenge offers college students a great opportunity to expand their understanding of monetary policy. Participants will learn how the economy works and how the Reserve Bank makes its interest rate decisions."

To help with their assessment of the economy and the outlook for inflation, Monetary Policy Challenge participants will have access to up-to-date economic data via the Reserve Bank's website http://www.rbnz.govt.nz.

A Monetary Policy Challenge information pack has been mailed to Economics teachers around the country.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>


Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election