The unintended consequences of using an MCI as an operational monetary policy target in New Zealand: Suggestive evidence from rolling regressions

Hans‐Jürgen Engelbrecht Department of Applied and International Economics, College of Business, Massey University, Palmerston North, New Zealand E-mail: [email protected]

Robin Loomes Department of Applied and International Economics, College of Business, Massey University, Palmerston North, New Zealand

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Robert A. Buckle. (2019) New Zealand’s Thirty-Year Experience with Inflation Targeting: The Origins, Evolution and Impact of a Monetary Policy Innovation. History of Economics Review 73:1, pages 47-84.
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Alfan Mansur. (2023) Capital flow volatility regimes and monetary policy dilemma: Evidence from New Zealand. The Journal of Economic Asymmetries 28, pages e00314.
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Robert A. Buckle. 2020. Public Policy and Governance Frontiers in New Zealand. Public Policy and Governance Frontiers in New Zealand 211 232 .

Bui Thanh Trung. (2020) Measuring monetary policy in emerging economies. Measuring monetary policy in emerging economies.

Bedri Kamil Onur Tas & Mustafa Cagri Peker. (2017) Inflation Target Credibility: Do the Financial Markets Find the Targets Believable?. Oxford Bulletin of Economics and Statistics 79:6, pages 1125-1147.
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Robert A. Buckle, Kunhong Kim, Heather Kirkham, Nathan McLellan & Jarad Sharma. (2007) A structural VAR business cycle model for a volatile small open economy. Economic Modelling 24:6, pages 990-1017.
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The unintended consequences of using an MCI as an operational monetary policy target in New Zealand: Suggestive evidence from rolling regressions

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The unintended consequences of using an MCI as an operational monetary policy target in New Zealand: Suggestive evidence from rolling regressions

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