Independent Review of the Operation of Monetary Policy in New Zealand

In May 2000, the Government announced that the New Zealand monetary policy framework would be reviewed. Professor Lars Svensson of Stockholm University was appointed to undertake the review and to report by the end of February 2001. Professor Svensson’s report was released by the Treasurer/Minister of Finance on 28 February.

In this issue of the Bulletin, we have published the Executive Summary and recommendations of the Svensson Report, together with the terms of reference of the review. The complete report by Professor Svensson can be obtained from the New Zealand Treasury and can be accessed on www.monpolreview.govt.nz – the monetary policy review website, and on www.rbnz.govt.nz – the Reserve Bank of New Zealand’s website.

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Overview of Issues in Current and Higher Education

The education system is the backbone of a progressing society. It is the standard of education that determines an individual’s and the country’s progress. A typical educational system consists of Primary Schools, High Schools, Colleges and Higher education institutes. It is important to provide quality education at all levels in order to have sustainable growth and development.To improve the educational system, it is important that people are aware of the education issues and problems in the education system.

Awareness about the current issues in education helps people in finding the loop holes in their education system and suggests innovative ideas to plug these holes. Some important issues/challenges related to education are:

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Special Education Inclusion

Special education inclusion signifies the participation of special education students in regular education classrooms and provision of support services to these students. The main objective of inclusion education is that all students in a school, regardless of their strengths and their weaknesses in any area, become part of the school community. Every student develops a feeling of belonging with other students, teachers, and support staff. In segregated special education, children will not learn how to function in a non-disabled world. For instance, children who are disabled in terms of communication and are emotionally distressed would not communicate and might remain in a more emotionally disturbed state in segregated settings. The federal Individuals with Disabilities Education Act (IDEA) holds it mandatory for schools to educate children with disabilities in general education classrooms.

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