Cover IMF Staff Country Reports
Buy Book in Print
New Zealand: Selected Issues Paper
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 103
Language:
English
Publication Date:
09 May 2011
DOI:
https://doi.org/10.5089/9781455274512.002
ISBN:
9781455274512
ISSN:
1934-7685
Pages:
40
Keywords:
ISCR; CR; Australia; saving; GDP; national saving; saving rate; commodity price; public saving; business cycle; Private savings; Spillovers; Terms of trade; Vector autoregression; Commodity prices; Australia and New Zealand; Asia and Pacific
Download PDF (3 MB) Download Epub
The Savings Working Group in New Zealand presented recommendations in February 2011, and suggested raising national saving by 2–3 percent of GDP. The increase in net public saving in the country explains part of the reason for lower net private saving in New Zealand. Net public saving of the country is about 3 percent of GDP above the average of advanced countries for the past 15 years. Financial liberalization also appears to have played a role in saving behavior.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund