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The intention of this blog is to highlight economists’ work and provide material to support education and general understanding, especially as it relates to economics in New Zealand. It is not a forum for advocacy (other than better use of economics). Posts are categorised as Events, Insights or NZAE News (includes subcategories). Posts are also tagged with the JEL Classification and/or as considered appropriate (see list below). Authors are generally Councillors of the NZAE. Anyone can provide comments. Any views expressed are not necessarily those of the NZAE.

Transport Economics Knowledge Hub seminar in July

The Ministry of Transport and Transport Economics Knowledge Hub invite you to:

Revise urban transport’s role: To obtain competitive urban land markets, and ensure homes are close to jobs, goods, services, and amenities
by Chris Parker, Chief Economist, Auckland Council
Opportunities and barriers in the way New Zealand develops its roading and transport networks, and ramifications for economic growth by Tom Simonson, Principal Regulatory Advisor, Local Government New Zealand
 
Time and date: 
12:00pm to 1:30pm, Monday 04 July 2016
Venue:  Ministry of Transport, Level 6, 89 The Terrace, Wellington
RSVP:  knowledgehub@transport.govt.nz (by Thursday 30 June 2016)  
Chris will be presenting from Auckland office. So people in Auckland are welcome to attend the seminar at Auckland office (Address: Level 6, Tower Centre, 45 Queen Street, Auckland)

Vacancy for Transport or Spatial Economist closes 1-Jul-16

MRCagneyPosition Vacant

Position Available: Transport or Spatial Economist (3+ years of experience)

Location: Auckland

Date Advertised: 24 March 2016

About Us

MRCagney is a leading independent transport and planning consultancy, with a reputation for excellence and innovation across the fields of urban transport and mobility. We have offices in Brisbane, Sydney, Melbourne, Auckland and Singapore, and operate internationally in Asia, the Middle East and southern Africa.

From our inception, MRCagney has been involved extensively in complex urban mobility projects. Our company ethos is “mobilising people strengthening communities”. This ethos is about making a positive, sustained contribution to the people and communities that we work with. We apply this passion and our ‘people-first’ approach to the places, towns, cities and countries in which we work.

Our work is about people, not numbers, and we specialise in providing pragmatic, real-world advice that our clients can follow with confidence. Our project approach is not about a process of ticking boxes, ours is one of meeting and exceeding our clients’ expectations, value-adding by leveraging off the diverse skills available within the company.

Our services range from strategic management and business consulting through to technical transport, planning, urban design, and engineering.

About this role

We are seeking an enthusiastic transport or spatial economist to join our team in Auckland, and be an integral part of our growth as we seek to make a difference to the cities and communities around us. Based in our vibrant O’Connell Street office, you will assist on projects both locally and throughout New Zealand and Australia. We will also consider candidates who would prefer to be based in one of Australian offices.

With at least three years’ professional experience, you are someone who revels in the chance to apply your technical capabilities and powers of critical reasoning to help us shape a better world.

As a Transport or Spatial Economist within our consultant team, you will be involved in all aspects of our business and your responsibilities will include business development, marketing, bid preparation and project management.

We will offer a competitive salary commensurate with your skills and experience. As an independent, staff-owned company, our workplace culture supports flexible working arrangements (including part-time roles) and the open sharing of ideas on how to continually improve the services we offer.

About You

You are an economist who is looking to take the next step in their career. Maybe you want to break away from the stifling environment of a large international corporation, or maybe you’re looking to step outside of the confines of the public sector; no matter what your background, we offer opportunities and flexibility that few of our competitors can match.

But first, you will have to meet this list of basic criteria. We know it’s long, but we value our current team and it is really important to us that we hire the right person to join us.

>  You’ll need at least three years’ professional experience in transport and/or spatial economics. This includes:

  • Business cases for transport investments;
  • Economic analysis of transport and land use policies;
  • Innovative models for delivering transport infrastructure & services;
  • Benchmarking of transport and land use outcomes;
  • Transportation pricing and policy reforms; and
  • Management consulting, especially strategic policy advice.

>  Previous experience in a consultancy environment, especially in the Auckland market, will be well regarded.

>  You will hold tertiary qualifications in an appropriate technical field, which might be economics, finance or possibly something else we haven’t thought of yet.

>  Knowledge of econometric (e.g. R) and/or GIS (e.g. QGIS) software and/or programming skills, (e.g. Python or Ruby) will be viewed favourably.

>  You might be a technologically savvy person with added skills in the areas of data analysis, spatial analysis (GIS). We like people with extra skills, so if you have them, tell us about them.

>  You’ll be expected to assist on projects throughout New Zealand and Australia, and possibly internationally. This may require occasional business travel.

>  You’ll be required to contribute to the running of our office. This will include project management, business development and bid preparation.

>  You need to be aware of the commercial nature of consulting, which means being dedicated to producing quality outcomes for our clients, within budget and project timeframes.

>  You’re going to need strong qualitative and quantitative assessment skills, and the ability to scrutinise your own work. Our clients pay us to get things right, first time.

>  You’ll have to work collaboratively and collegiately; with our staff, our project partners and our clients.

>  And finally, you will most definitely need to be able to communicate effectively in English, both written and verbally. This one’s important.

Applicants who are not New Zealand or Australian residents will be considered; MRCagney can offer assistance with VISAs and re-location if required. We are also interested in hearing from candidates seeking part-time employment opportunities and/or contract work.

About Applying

If you’ve read everything above and think this is the job for you, please get in touch. We want to know all about you, so a well written cover letter is essential: tell us about your experiences, your passions, your goals and what it is you will bring to our team. At this stage we are seeking expressions of interest with the intention of bringing someone on board in the early new year.

So get inspired, get writing, and email your letter and latest CV to us here at auckland@mrcagney.com by the 1st of July 2016.

Vacancy for Principal Advisors – Office of the Chief Policy Advisor 29-May-16

Principal Advisors – Office of the Chief Policy Advisor

Wellington

Do you want a job in which you will:

  • Provide advice on policies of critical importance to the well-being of New Zealanders
  • Work in areas of strategic and conceptual challenge
  • Contribute to intellectual leadership of a leading government policy agency?

The Ministry of Social Development is the lead agency for the social sector, providing policy advice to the government on issues concerning social well-being and delivering social services to over a million New Zealanders. The Office of the Chief Policy Advisor is a whole-of-Ministry resource that provides thought leadership and high-level specialist expertise to the Chief Executive and the Ministry’s Leadership Team.

As a Principal Advisor, you will take a leadership role in the provision of policy advice on a range of issues of critical importance. Your role will be to:

  • provide intellectual and strategic leadership
  • provide high-level specialist expertise, skills and knowledge in a particular subject area
  • address issues characterised by significant complexity, uncertainty, risk
  • lead or provide oversight for particularly critical or significant projects.

We are currently looking for Principal Advisors with a high level of expertise and experience in the following areas to complement our current team:

  • Expertise and experience as a senior policy professional
  • Qualifications and experience in economics
  • Skills and experience in housing and housing policy

In the role, you will provide advice to our senior staff, Chief Executive and Ministers. You will need to display precision and clarity of thought, well-developed communication and relationship management skills, and excellent judgement. You will need to exhibit confidence and credibility to challenge thinking and assumptions at the highest level. You will need to base your advice on high quality evidence, think creatively and innovatively, and deliver results in accordance with tight deadlines.

In addition to the opportunities that come from joining New Zealand’s largest government department, we offer an opportunity to work on issues that will help to make a significant difference in the lives of New Zealanders. You will be supported by a collegial team and passionate management.

Applications Close: Sunday 29 May 2016, 5pm

To apply, click the Apply Now button and upload your resume, covering letter and complete the online application form. Enquiries only can be directed to Rebekah Eastwood jobs@msd.govt.nz

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URL:

https://msdcareers.msd.govt.nz/jobdetails/ajid/Y5W99/Principal-Advisors-Office-of-the-Chief-Policy-Advisor,16714

April 2016 AI (#55) includes interviews with Sherwin and Crampton

Asymmetric Info Issue 55 v2 5 April 2016

Contents:

  • Editorial
  • An Interview with Murray Sherwin (by Grant Scobie)
  • The ‘Five Minute Interview’ (Eric Crampton)
  • Treasury’s Living Standards Framework (by Bryce Wilkinson)
  • Treasury’s Living Standards Framework – Response to Bryce Wilkinson (by Girol Karacaoglu)
  • Blogwatch (by Paul Walker)
  • (Motu) Residential Assimilation of Migrants (by Dave Maré, Jacques Poot and Ceridwyn Roberts)
  • (Motu) Cyclical changes in Workforce Skill and Firm Productivity Measures (by David Maré, Dean Hyslop and Richard Fabling)
  • (Stats New Zealand) New measures of inflation: Introducing the Household Living-costs Price Indexes (HLPIs) (by Alan Bentley)
  • NEW MEMBERS (January, February and early March 2016)
  • Report from GEN
  • Research in Progress (Reserve Bank of New Zealand)

Transport Economics Knowledge Hub seminar in May (2)

The Ministry of Transport and Transport Economics Knowledge Hub invite you to:

 

Transport infrastructure: decision-making under uncertainty:

The real options approach

 

Abstract

Many transport investments face uncertainty, especially on the demand side. Traditional analysis is inadequate and can result in either severe congestion or white elephants like “The Bridge to Nowhere”. Better techniques have emerged, exploiting the value of flexibility and strategic decision making – the real options approach.

This presentation follows the shorter presentation provided by David Greig in March 2016. An expert in real options, David Campbell from the Australian economic consulting firm ACIL Allen, will share his experience from applying the approach in the transport (road, rail and ports), research, health, defence, water, drought, and climate change contexts.

Time and date:                  12pm to 1pm, Thursday, 12 May 2016

Venue:                               Ministry of Transport, Level 6, 89 The Terrace, Wellington

RSVP:                               Helen Huang,  h.huang@transport.govt.nz (by Wednesday, 11 May, 2016)

David Campbell is a Sydney-based Senior Associate of ACIL Allen, and was one of the founders of ACIL Tasman Pty Ltd, one of the two predecessor companies to ACIL Allen. David has many years of experience advising clients in relation to policy and investment strategy in areas involving high levels of uncertainty.

This has included pioneering applications of real options methods – that focus on dealing appropriately with the value of strategy flexibility and the value of information in guiding the development of adaptive investment strategies that offer greater value by limiting downside risk and securing access to upside possibilities.

Transport Economics Knowledge Hub seminar in May

The Ministry of Transport and Transport Economics Knowledge Hub invite you to attend a seminar that will present on three topics:

 Treasury’s new Cost Benefit Analysis guide by Dieter Katz, The Treasury

The Economic Evaluation Manual by Graeme Belliss, New Zealand Transport Agency

The role of regulatory impact analysis (RIA) in policy analysis, advice, and political decision-making by Ben Temple, The Treasury

Time and date:                  12:00pm to 1:30pm, Tuesday 03 May 2016

Venue:                                 Ministry of Transport, Level 6, 89 The Terrace, Wellington

RSVP:                                    knowledgehub@transport.govt.nz (by Friday 29 April 2016)

Transport Economics Knowledge Hub Debate in April

The Ministry of Transport and Transport Economics Knowledge Hub invite you to:

The Transport Economics Hub Debate:

Can New Zealand overcome the competitive disadvantage of being far away from international markets?

YES: Dave Heatley, Wayne Heerdegen, Iain McGlinchy, Nathaniel Robson

NO: Tom Simonson, Ian Duncan, Natalia Fareti, Alec Morrison

Chair: Kirdan Lee

Time and date:  12:30pm to 1:30pm, Tuesday 5 April 2016

Venue:   Ministry of Transport, Level 6, 89 The Terrace, SAS Tower, Wellington

RSVP:   knowledgehub@transport.govt.nz

 

 

 

 

 

First Call for 2016 NZAE Conference Papers

57th New Zealand Association of Economists Annual Conference
To be held at Auckland University of Technology Auckland
29 June July – 1 July 2016

 

The New Zealand Association of Economists is pleased to announce the Call for Papers for its 57th Annual Conference. Abstracts can be submitted here.

Submitters need to submit an abstract of not more than 250 words of their paper for either an oral presentation or the poster session. Full papers are not required at this stage, but for a paper to be considered eligible for the Statistics New Zealand, New Zealand Economic Policy, or Seamus Hogan prizes, a full paper must be submitted by 13 June.

We encourage individuals to present their research in the poster session. Some research is particularly suited to the visual style of a poster presentation; the poster session can also be suitable for work in progress and speculative research. We particularly welcome student research in the poster session.

Submitters are welcome to submit up to three papers. If we are only able to accept one of the submissions, we will contact presenters to ask which paper they would prefer to include. This limit applies to the number of papers presented by any one person, and not to the number of papers on which he or she is a co-author.

Please note that presenters whose papers are accepted for an oral presentation or poster MUST REGISTER by 16 MAY in order to remain on the programme. After this date, the registration fee is non-refundable.

Important dates:

24 Feb – Abstract portal opens
28 March – Conference registration opens
1 April – Abstracts due
By 25 April – Notification of acceptances
16 May – Registration deadline for presenters
16 May – Deadline for Early-bird registration
13 June – Full papers due (entries for SNZ, NZEP and SH prizes)

Please address conference enquiries to:

Dr Peter Tait
NZAE Organising Committee
Agribusiness and Economics Research Unit
Lincoln University
PO Box 85084
Lincoln, 7647
Phone: 64 3 423 0384
Email: peter.tait@lincoln.ac.nz

OR

Shelley Haring
Conference Administrator
On-Cue Conferences + Events
54 Montgomery Sq.
PO Box 1193
Nelson, 7040
Phone: 64 3 546 6330 ext. 70
Email: shelley@on-cue.co.nz

Transport Economics Knowledge Hub Upcoming Seminar in March

Transport Economics Knowledge Hub invite you to:

  • Economic development and transport by Ian Duncan (Principal Economist at Ministry of Transport)
  • Analytical framework and real options by David Greig (Strategy Director at Ministry of Transport) and Joanne Leung (Principal Economist at Ministry of Transport)

Time and date:  12 pm to 1 pm, Monday, 14 March 2016

Venue:   Ministry of Transport, Level 6, SAS Tower, 89 The Terrace, Wellington

RSVP:   KnowledgeHub@transport.govt.nz

2016 NZEP Issue 1 special issue on Economics of Savings

The contents of New Zealand Economic Papers, Volume 50, Issue 1, 2016 (available online or by subscription):

  • Introduction to the special issue by Arthur Grimes & Gail Pacheco
  • Intergenerational developments in household saving behaviour by Mark Vink
  • Retirement income policy and national savings by David Law
  • Pension payments and receipts by New Zealand birth cohorts, 1916–1986 by Andrew Coleman
  • KiwiSaver risk indicators by Henk Berkman, Randall Clement & Annie Zhang
  • Hot property in New Zealand: Empirical evidence of housing bubbles in the metropolitan centres by Ryan Greenaway-McGrevy & Peter C.B. Phillips

Seminars for 2016 including Treasury, RBNZ and universities

A list of seminars at each institution can be found on the pages below.

Students invited to enter for Seamus Hogan Research Prize

The Seamus Hogan Research Prize is a newly-established award to honour the memory of Seamus Hogan (1962-2015). Seamus was President of the New Zealand Association of Economists when he died, after having served several terms on the Association’s Council. Seamus had recently joined the staff of Victoria University of Wellington, and had taught for many years at the University of Canterbury in his native Christchurch. He was highly regarded by his colleagues and students for his teaching, research, and support for the profession and the goals of the Association. It is because of the time and care he took with his many students that the focus of this prize is student research. His obituary can be found in Asymmetric Information, issue 53, August 2015.

The Seamus Hogan Research Prize is awarded for the best public policy paper written by a student and presented at the annual conference. It is for the amount of $1,000.

CONDITIONS OF ENTRY

The prize is for the best paper on a public policy topic written by a student, and it is awarded at the conference. The award is for the written paper, which will be judged according to its clarity of presentation and communication, its critical application of economics to a topic in public policy, and the appropriate selection of empirical and theoretical tools for addressing the policy question at hand.

Entry to the Seamus Hogan Research Prize is open to persons who at the time of the conference are either enrolled in tertiary study in New Zealand or have completed a tertiary degree in New Zealand in the preceding 12 months. There is no residence requirement.

Entrants must be able to attend and present their paper at the NZAE Conference. The presentation may be either an Oral Presentation or Poster Presentation.

Entrants must comply with Conference Registration deadlines as detailed on the conference website.

Co-authored papers are allowed, and the other authors need not meet the eligibility criteria for the award. However, the entrant should have made a substantial contribution to the research.

Authors must comply with all deadlines for submission of Abstracts and Full Papers as detailed on the conference website. Full Papers for the Seamus Hogan Prize may be due before the Conference, to allow sufficient time for judging.

When registering for the conference, please be sure to indicate that you wish to enter the Seamus Hogan Prize.

2015 NZEP Issue 3 includes impact of ageing in NZ

The contents of New Zealand Economic Papers, Volume 49, Issue 3, 2015 (available online or by subscription):

  • The distributional impact of population ageing in New Zealand by Omar A. Aziz, Christopher Ball, John Creedy & Jesse Eedrah
  • The elasticity of taxable income, welfare changes and optimal tax rates by John Creedy
  • Productivity spillovers from foreign direct investment in New Zealand by Tinh Doan, David Maré & Kris Iyer
  • Public–private partnerships for transport infrastructure: Some efficiency risks by Matthew Ryan & Flávio Menezes
  • Safety in the New Zealand sex industry by Laura Meriluoto, Rachel Webb, Annick Masselot, Sussie Morrish & Gillian Abel
  • Citation for Arthur Robson to mark his Distinguished Fellow Award by the New Zealand Association of Economists

December 2015 AI (#54) includes interviews with Creedy and Proctor

Asymmetric Infomation Issue 54

Contents:

  • Editorial
  • An Interview with John Creedy (by Norman Gemmell)
  • The ‘Five Minute Interview’ (Roger Proctor)
  • NZIER Economics Award 2015
  • Blogwatch (by Paul Walker)
  • (Motu) Performance Evaluation of Research Programmes: The Marsden Fund (by Adam Jaffe)
  • (Motu) Cyclical changes in Workforce Skill and Firm Productivity Measures (by David Maré, Dean Hyslop and Richard Fabling)
  • (Stats New Zealand) Development of New Balance Sheets and Financial Flow Accounts (by Lindsay Beck)
  • NEW MEMBERS (Calendar year 2015 to date)
  • Report from GEN
  • Research in Progress (University of Waikato)

Tell us why you might or might not join NZAE

NZAE would like to learn more about why people choose (or not) to be members of NZAE, and what benefits of membership you’d like to see. Here’s a link to a short survey that will help us find out: SurveyMonkey. We’re keen to hear from both members and non-members, so feel free to pass this link on to others as well as filling it in yourself.

18th Central Bank Macroeconomic Modelling Workshop 7-8 Dec 2015

The Reserve Bank of New Zealand will host the 18th Central Bank Macroeconomic Modelling Workshop. The annual series of workshops aims to give policymakers and academics the opportunity to discuss issues related to the class of models used for policy analysis.

This year’s workshop on “Challenges for Open Economies” focuses on the growing real and financial linkages among economies, and their implications for policy analysis. Topics of particular interest include, but are not limited to: exchange rate determination and impacts, the terms of trade and commodity prices, international factor mobility, policy spillovers and the international dimension of inflation dynamics.

The workshop will be held at the InterContinental Hotel in Wellington, New Zealand on 7-8 December 2015.

Keynote Speakers:

Frank Smets, European Central Bank

Giancarlo Corsetti, Cambridge University

5th Auckland Finance Meeting on 17-19 Dec 2015

The Auckland Centre for Financial Research at the Faculty of Business and Law, Auckland University of Technology is hosting its 5th Auckland Finance Meeting on 17-19 December 2015. The main focus will be on empirical/econometric studies in finance. Topics include (but are not limited to): Asset Pricing; Behavioral Finance; Empirical Corporate Finance; Derivative Markets; Financial Econometrics; Financial Markets; International Finance; Market Microstructure; Risk Management; Volatility Models; Banking; etc. The academic part of the meeting will commence in the afternoon of 17 December and finishes in the afternoon of 19 December.

KEYNOTE SPEAKERS:
Prof. Peter Bossaerts – University of Utah, US
Prof. Robert I. Webb – University of Virginia, US

GEN Annual Conference 30 Nov 2015

GEN Annual Conference 2015
“THE NEXT 5 YEARS; POLICY ISSUES AND PRACTICES”

The 2015 GEN Annual Conference will be held on 30 November at the Intercontinental Hotel, Wellington.

The next five years will see important changes in New Zealand. We will continue to get older, we can expect more disruptive technological innovations, global markets will evolve, and major debates around inequality, regulation and the investment approach will likely continue. At this day-long conference, international and domestic experts will outline what some of the most important changes over the next five years could be and how these could affect the knowledge and skills requirements of economists in government in New Zealand.

This will include sessions on:

  • The current state of economic thinking and what this may mean for income transfer policies and regulation
  • New Zealand’s changing demographic profile
  • The changing business outlook
  • Policymaking under uncertainty
  • The investment approach to social policy

The line-up of speakers includes:

  • Hon Bill English; MP, Deputy Prime Minister, Minister of Finance
  • Prof Warwick McKibbon; Director of the Centre for Applied Macroeconomic Analysis Australian National University
  • Sir David Ramsden; Director General UK HM Treasury Chair of UK Government Economic Service
  • Prof Robert Wade; Professor of Political Economy, London School of Economics