Working together: Re-focusing public accountability to achieve better lives
March 17, 2023
In reviewing the economics of accountability, we look at how the system of public accountability in Aotearoa New Zealand can contribute to increasing the productivity and effectiveness of the social assistance system, with a focus on addressing persistent disadvantage. Read more
NZIER Consensus Forecasts show much weaker growth in 2024 - March 2023
March 13, 2023
The latest NZIER Consensus Forecasts show an upward revision to the near-term growth outlook for the New Zealand economy but a downward revision for the subsequent two years. Annual average GDP growth is forecast to slow to 0.3 percent for the year to March 2024 before picking up to 1 … Read more
Extreme weather events present fresh challenges for the New Zealand economy - Quarterly Predictions, March 2023
February 28, 2023
New Zealand Institute of Economic Research (Inc) Media Release, Read more
Four ways to improve climate change policy and why - NZIER Insight 106
February 23, 2023
Climate change is becoming more apparent in the recent succession of major adverse weather events, and New Zealand’s policy on climate change has also stepped up a gear after decades of apparently minimal activity. Looking at the nature of the climate change challenge, the economics o … Read more
Shadow Board recommends the Reserve Bank increases the OCR by 50 basis points in February
February 20, 2023
Shadow Board members recommend that the Reserve Bank continue increasing the Official Cash Rate (OCR). The broad view was a 50 basis-points increase in the OCR at the Reserve Bank’s February meeting, given inflation pressures in the New Zealand economy remain strong. Only one member r … Read more
Brewing in New Zealand: The economic contribution of the brewing industry in 2022
February 7, 2023
The New Zealand brewing industry is valued at $3.3 billion in the year to September 2022. On-licence sales account for 64% of the estimated value of $2.1 billion, and off-licence sales account for the remaining 36% at $1.2 billion. Read more
Overcoming preconceptions: How big data can gain a social licence in New Zealand - NZIER Insight 105
January 25, 2023
NZIER Insight 105 is a companion to NZIER Insight 103, in which we examined how the Integrated Data Infrastructure (IDI), administered by Stats NZ, is used in New Zealand for research and how this is helping us to make better policy decisions. In Insight 105, we examine how the IDI ca … Read more
Assessing housing shortages in New Zealand
January 24, 2023
Before the COVID-19 pandemic, strong migration-led population growth boosted demand in New Zealand, including for housing. With housing construction slow to respond, the limited supply of new housing moving onto the market exacerbated the housing shortage. Read more
Ki te kotahi te kakaho ka whati, Ki te kapuia e kore e whati: The case for more devolved social services in Te Tairāwhiti
January 18, 2023
We have known for decades that many people in Aotearoa New Zealand experience persistent disadvantage. Addressing disadvantage should be a priority for the government: to improve the lives of the people affected, meet its obligations under Te Tiriti o Waitangi, and lay the foundations … Read more
QSBO shows business sentiment and activity taking a turn for the worse - Quarterly Survey of Business Opinion, January 2023
January 17, 2023
The latest NZIER Quarterly Survey of Business Opinion (QSBO) shows a deterioration in business sentiment and activity. The survey was open from 28 November 2022 to 9 January 2023 and captured the effects of the more hawkish than expected November Monetary Policy Statement (MPS) on 23 … Read more