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.

» Read more: Independent Review of the Operation of Monetary Policy in New Zealand

Related posts

Tags:

Monetary and fiscal policy switching.

Two THEMES RUN through policy analysis: rules determining policy choice are functions of economic conditions; those rules may change over time. The themes reflect the views that actual policy behavior is purposeful, rather than arbitrary, and that good policy adapts to changes in the structure of the economy or to improvements in understanding how policy affects the economy.

A growing body of evidence finds that policy reaction functions vary substantially over different periods in the United States. In light of this evidence of regime shifts, which is reviewed in Section 1, it is surprising that there is little formal modeling of environments where ongoing regime change is stochastic, and the objects subject to change are parameters determining how the economy feeds back to policy choice.

» Read more: Monetary and fiscal policy switching.

Related posts

Tags:

A Special Education with Special Education Online Courses

In one community alone, the superintendent of schools anticipates hiring 50-100 new teachers with the next five years. Because of increasing needs, many positions will be available for special education teachers. Unfortunately, special ed teachers are in short supply. Therefore, special education online courses can help potential teachers become exceptional children specialists, and current teachers can take the necessary online courses to obtain a special education endorsement or obtain a graduate degree in special education.

First, school districts around the country are desperate for qualified exceptional children specialists. (A glorified term for special education teachers) Understandably, special education teachers have additional challenges and concerns beyond those of a regular classroom teacher. Teaching physically, mentally, emotionally, and learning disabled students takes a very special educator. However, with the added convenience of special education online courses, the call for special teachers can reach the individuals wanting to enroll in a special education program and make the difference in the lives of exceptional children, who cannot afford to relocate or give up a current job in the interim.

» Read more: A Special Education with Special Education Online Courses

Related posts

Tags: