• NZIER’s Shadow Board recommends keeping the OCR on hold amidst a soft inflation environment and uncertainty over the new Government

    07 February 2018

    NZIER’s Monetary Policy Shadow Board continues to recommend the Reserve Bank leave the Official Cash Rate on hold this Thursday at 1.75 percent. Businesses are pessimistic about the effects of new Government policies. Along with softer than expected inflation, Board members indicated the Reserve Bank should remain cautious as to when it starts to lift the OCR.

    Link to release.

  • NZIER’s QSBO shows businesses more pessimistic after the election, Quarterly Survey of Business Opinion - January 2018

    16 January 2018

    The latest NZIER Quarterly Survey of Business Opinion shows a sharp drop in business confidence following the General Election, with a net 11 percent of businesses expecting economic conditions to deteriorate over the first half of 2018. Business confidence had fallen in the previous quarter ahead of the General Election, and it appears uncertainty over new Government policies have made businesses even more downbeat. 

    The media release can be read here.

  • NZIER Consensus Forecasts shows softer growth outlook - December 2017

    11 December 2017

    The latest NZIER Consensus Forecasts expects a modestly softer growth outlook for the next few years. Overall, the growth outlook remains positive.

    Read the full release here.

  • The economic contribution of the screen industry

    06 December 2017

    A report to New Zealand Film Commission, Ministry of Business, Innovation and Employment, the Ministry for Culture and Heritage, New Zealand On Air, Auckland Tourism, Events and Economic Development, Wellington Regional Economic Development Agency.

    NZIER’s economic modelling demonstrates that without the New Zealand Screen Production Grant, exports would shrink by $257 million, household consumption by $144 million and real GDP by $176 million. Read the report here.

  • Social Investment - A New Zealand Policy Experiment

    06 December 2017

    The Social Investment Approach – a combination of big data, client segmentation  and different ways of governing how social services are delivered  – is an important new development underway. Jonathan Boston (VUW)  and Derek Gill (NZIER) are the editors of an important new book “Social Investment - A New Zealand Policy Experiment”. The book brings together the views of a  range of practitioners, researchers and social service providers about the strengths, opportunities and potential pitfalls of the new approach.

    This book is published by BWB.

  • NZIER says growth outlook slightly softer as population growth slows - Quarterly Predictions, December 2017

    28 November 2017

    There is much uncertainty over the effects of the new Government’s policies. Nonetheless, the New Zealand growth outlook remains positive, as detailed in the latest NZIER Quarterly Predictions.

    The media release can be read here.

    Quarterly Predictions is available exclusively to NZIER members.

  • Community pharmaceuticals - expenditure trends

    24 November 2017

    A review of community pharmaceutical expenditure trends shows a drop in the proportion of the health budget devoted to pharmaceutical purchasing.  Inflation, population growth and a widening of purchase responsibility means that PHARMAC has effectively a little more than half the portion of the health budget it had a decade ago for community pharmaceuticals. PHARMAC needs a $600m boost to keep up with the increase in funding to DHBs.

    Read the report here.

  • Immigration: Doing the right thing for the right reasons - NZIER Insight 76

    08 November 2017

    The new government has announced plans to reduce immigration. Being clear why the reduction will make New Zealand better off is important. The new government has the opportunity not just to make short-term changes, but to build an enduring policy regime based on evidence, analysis and clear principals. Migration policy is not easy, but the gains from getting it right are worth the effort. We offer some observations and suggestions based on our latest research. Read the Insight here.

  • NZIER’s Shadow Board recommends no OCR move amid uncertainty over new Government policies

    07 November 2017

    NZIER’s Monetary Policy Shadow Board continues to recommend the Reserve Bank leave the Official Cash Rate on hold this Thursday at 1.75 percent. Uncertainty over policies to be implemented by the new Government, and the effects of these on businesses and the housing market, were highlighted by the Shadow Board as reasons why a wait-and-see approach was prudent. Read the full release here.

  • Making Early Intervention work - NZIER Insight 75

    03 November 2017

    The new government favours Early Intervention over Social Investment. Does this mean prevention beats cure? Read the full Insight here.