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Inside New Zealand's little black box
The purpose of this study is to investigate the relative strengths of the channels through which monetary policy impacts upon the real sector in New Zealand. The three main channels that have been identified in the literature ...
An exploration of Maori health state preferences
The allocation of publicly funded resources in the health sector via Cost Utility Analysis requires preferences for different health states to be known. While preferences for New Zealanders as a whole have been elicited, ...
Money, medicine and mortality an empirical investigation into the link between health status and health care expenditure.
The purpose of this study was to investigate one possible cause for the recent rise OECD health care expenditures, namely the Sisyphus syndrome. In order for a Sisyphus syndrome to exist two dynamic relationships must hold. ...
'The carrot or the stick?' Achieving the voluntary provision of a public good with a reward or sanction mechanism
This study investigates the effect of compliance mechanisms on contributions to a public good fund in an experimental context. Thirty-six participants, matched by gender and trust level into nine groups of four participants, ...
Exchange rate volatility and Canadian manufactured exports
This study investigates the effects of exchange rate volatility on Canadian manufactured exports for the period 1972Q3 to 1993Q4. Exchange rate volatility can be defined as the variance of the exchange rate, and there is ...
Evaluating the supplementary road safety package: Models that count
In an attempt to lower the level of road trauma in New Zealand, the Land Transport Safety Authority introduced the Supplementary Road Safety Package (SRSP) in October 1995. The package consists of targeted speed and alcohol ...
Are poor countries above their steady-state income levels? – A time-series analysis
This paper criticizes Cho and Graham's argument that poor countries converge from above their steady-state income levels, based on their misspecification of formulating the steady-state income by omitting the variation in ...
Budget deficits and interest rates a bounds testing approach evidence from New Zealand
This empirical study investigates the impact of budget deficits on long-term interest rates in a New Zealand context. Two measures of inflationary expectations are generated, one using the low frequency component of the ...
Agent-based modelling of monopsony and the minimum wage
A simple supply and demand argument apparently shows that minimum wage policy, ironically, hurts the workers it is ostensibly aimed at helping, by increasing their chances of unemployment. Stigler (1946) claims that ...
An introduction to agent-based modelling
Agent-based models give us a way to model the aggregation of heterogeneous agent s, a feat that is nearly impossible in a deductive framework. Because these models cannot be solved exactly, they will often be explored using ...