10
Views
0
CrossRef citations to date
0
Altmetric
Original Articles

New Zealand price‐output correlations over the business cycle

Pages 165-179 | Published online: 10 Nov 2009

References

  • Backus , K. and Kehoe , P.J. 1992 . “International Evidence on the Historical Properties of Business Cycles” . American Economic Review , 82 : 864 – 888 .
  • Chadha , B. and Prasad , E. October 1992 . “Are Prices Countercyclical?” . October , International Monetary Fund . Working Paper 92/88
  • Cooley , T.F. and Ohanian , L.E. 1991 . “The Cyclical Behavior of Prices” . Journal of Monetary Economics , 28 : 25 – 60 .
  • Dalziel , P. and Lattimore , R. 1991 . A Briefing on the New Zealand Macroeconomy 1960–1990 , Auckland : Oxford University Press .
  • Dickey , D.A. and Fuller , W.A. 1981 . “Likelihood Ratio Statistics for Autoregressive Time Series with a Unit Root” . Econometrica , 49 : 1057 – 72 .
  • Dixit , A. and Stiglitz , J. 1977 . “Monopolistic Competition and Optimum Product Diversity” . American Economic Review , 67 : 297 – 308 .
  • Easton , B. 1990 . “A GDP Deflator Series for New Zealand, 1913/4 ‐1976/7” . Massey Economic Papers , 8 ( B9004 ) December
  • Greenwalt , B. and Stiglitz , J. 1988 . “Financial Market Imperfections and Business Cycles” . NBER . Working Paper 2494
  • Grimes , A. 1991 . “The Effects of Inflation on Growth: Some International Evidence” . Journal of the Kiel Institute of World Economics , 127 : 631 – 644 .
  • Guender , A.V. November 1993 . “The Output‐Inflation Tradeoff in the United States: New Evidence on the New Classical Vs. New Keynesian Debate” . November , University of Canterbury, Department of Economics . Discussion Paper No 9315
  • Harvey , A.C. and Jaeger , A. December 1991 . “Detrending, Stylised Facts and the Business Cycle” . December , London School of Economics . Discussion Paper No EM/91/230
  • Kaul , G. 1987 . “Stock Returns and Inflation: The Role of the Monetary Sector” . Journal of Financial Economics , 18 : 253 – 276 .
  • Kim , K. , Buckle , R.A. and Hall , V.B. June 1992 . “Key Features of New Zealand Business Cycles” . June , Victoria University of Wellington . Working Paper 4/92
  • Kim , K. , Buckle , R.A. and Hall , V.B. 1994 . “Key Features of New Zealand Business Cycles” . The Economic Record , 70 : 56 – 72 .
  • King , R.G. and Rebelo , S.T. 1993 . “Low Frequency Filtering and Real Business Cycles” . Journal of Economic Dynamics and Control , 17 : 207 – 231 .
  • Kydland , F.E. and Prescott , E.C. 1990 . “Business Cycles: Real Facts and a Monetary Myth” . Quarterly Review , Spring : 3 – 18 . Federal Reserve Bank of Minneapolis
  • Linehara , B.T. 1968 . “New Zealand's Gross Domestic Product 1918/38” . New Zealand Economic Papers , 2 : 15 – 26 .
  • Lucas , R.E. 1972 . “Expectations and the Neutrality of Money” . Journal of Economic Theory , 4 : 103 – 124 .
  • Lucas , R.E. 1976 . “Econometric Policy Evaluation: A Critique” . In The Phillips Curve and Labour Markets , Edited by: Brunner , K. and Meltzer , A. 19 – 46 . Amsterdam : North Holland .
  • Mankiw , N.G. 1989 . “Real Business Cycles: A new Keynesian Perspective” . Economic Perspectives , 3 : 79 – 90 .
  • Prescott , E.C. 1986 . “Theory Ahead of Business Cycle Measurement” . Quarterly Review , Fall : 9 – 22 . Federal Reserve Bank of Minneapolis
  • Rae , D. and Wong , J. 1992 . “Does Demand Affect Markups? A Study of Pricing Behaviour in New Zealand” . Reserve Bank of New Zealand . Discussion Paper G92/16
  • Rankin , K. 1991 . “Gross National Product Estimates for New Zealand; 1859–1939” . Victoria University of Wellington, Graduate School of Business and Government Management . Working Paper 1/91
  • Rotemberg , J.J. and Saloner , G. 1986 . “A Supergame‐Theoretic Model of Price Wars During Booms” . American Economic Review , 76 : 390 – 407 .
  • Sachs , J. 1980 . “The Changing Cyclical Behavior of Wages and Prices: 1890–1976” . American Economic Review , 70 : 78 – 90 .
  • Smith , R.T. 1992 . “The Cyclical Behavior of Prices” . Journal of Money Credit and Banking , 24 : 413 – 430 .
  • Economics Division, The National Bank of New Zealand Ltd.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.