Perspectives: No. 166 April 2008
Inflation aplenty already in the pipeline
By Wolfgang Kasper
9 April 2008

Do the many people who interact in financial markets to determine interest rates, look at the rear vision mirror, through side windows or out the front? Experience and economic theory teach us that financial markets are dominated by expectations, not surprising because credit contracts relate to the future.

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This article was first published by the Australian Financial Review online on 11 March 2008.

Articles in the Perspectives series plus a large library of books, studies, speeches, articles and DVDs on a wide range of public policy issues can be found at www.nzbr.org.nz

Related studies and commentary:

Inquiry into the Future Monetary Policy Framework
A submission by the New Zealand Business Roundtable
July 2007
[Full text]

Inflation Debate Going off the Rails
An article first published in the Otago Daily Times
16 December 2005
By Roger Kerr
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Monetary Arrangements for New Zealand
A report published by the New Zealand Business Roundtable
May 2001
By Peter Hartley
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The Reserve Bank of New Zealand: Policy Reforms and Institutional Structure
A report by the New Zealand Business Roundtable
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By Tyler Cowen
[Full text]

The Inflation Debate
A speech delivered to the Auckland Rotary Club
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ENDS