Welcome to the NZAE blog


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.

Financial Markets and Corporate Governance Conference 20-21 April 2017 at Victoria



 Victoria University of Wellington, Wellington, New Zealand

 CONFERENCE: 20 & 21 April 2017             PHD SYMPOSIUM: 19 April 2017 


You are invited to submit papers for presentation at the 8th Conference on Financial Markets and Corporate Governance to be held on Thursday, 20th and Friday, 21st April 2017 at the Victoria Business School, Rutherford House, Bunny Street, Wellington.

The theme for the conference is Information and Capital Markets and papers on all aspects of Corporate Governance, Financial Reporting, Capital Markets, Corporate Finance, Investments and Funds Management, Emerging Markets, and related areas are welcome. The deadline for submissions is 28 November 2016.


Professor Katherine Schipper

Thomas F. Keller Professor of Accounting

Fuqua School of Business

Duke University


Professor Peter Clarkson

Professor of Accounting

UQ Business School

University of Queensland

Professor Richard Roll

Linde Institute Professor of Finance,

Division of Humanities and Social Sciences



Professor Renee Adams

Commonwealth Bank Chair in Finance

School of Banking and Finance

University of New South Wales


Pacific Basin Finance Journal will run a special conference issue of the journal and all presenters at the conference are invited to consider submitting their papers to the special issue. Pacific Basin Finance Journal, published by Elsevier, provides a specialised forum for the publication of academic research on capital markets.


Accounting Research Journal is offering an award of AUD1,000 for the best paper presented at the conference or symposium by an emerging scholar.

Securities Research Centre of Asia-Pacific (SIRCA) is offering an award of AUD1,000 for the best paper presented at the conference employing SIRCA data products.


The conference will be preceded by a PhD symposium on Wednesday, 19 April 2017. The symposium will provide PhD students with the opportunity to present their proposal or a working paper and receive expert feedback on their academic work. Students may submit working papers in the same subject areas as covered by the conference.


The conference and PhD symposium are being hosted by Victoria University of Wellington (School of Accounting and Commercial Law, School of Economics and Finance, Centre for Accounting, Governance and Taxation Research), in conjunction with the Department of Banking and Finance, Monash Business School, Monash University, and La Trobe Business School, La Trobe University.

Further information on submission of papers and all other aspects of the conference and PhD symposium is available at: http://www.victoria.ac.nz/fmcg-2017


NZAE PhD Student Workshop 11 July 2017

The New Zealand Association of Economists is pleased to introduce its first PhD Student Workshop in Economics.  At this workshop, PhD students have the opportunity to present their work in progress in a friendly environment and receive feedback from academics and peers.  In doing so, students will meet members of the broader New Zealand Economics community. As well as networking with other PhD students, there may also be the opportunity to meet senior Economists and discuss career options with a postgraduate degree.

Students will not be able to present the same workshop paper at an oral session at the NZAE conference which takes place later that week. However, they will be strongly encouraged to present their workshop paper concurrently as a poster in the main conference – and present a revised version in an oral session in subsequent years.

For whom: PhD students in Economics who are either New Zealand-based or are New Zealand students studying abroad.  Preference will be given to PhD students in the first two years of their studies who register for the NZAE conference.

When: July 11th, 2017

Where: RBNZ, Wellington

A call for papers will be sent out in February 2017.

2017 NZAE Conference dates and keynotes

The NZAE are pleased to announce the following keynote speakesr at their 2017 Conference, held 12-14th July 2017 at Victoria University’s Rutherford House.

    • Lisa Cameron, Professor of Econometrics & Business Statistics, Monash, more.
    • William Strange, Professor of Business Economics, Rotman, more.
    • Andrew Atkeson, Professor of Economics and Finance, UCLA, more.
    • John Gibson, Professor of Economics, Waikato, more


2017 Conference important dates:

  • Wednesday 22nd February First notice of conference sent out
  • Wednesday 22nd February Portal for abstract submissions opens
  • Friday 24th March Final notice of conference sent out
  • Monday 27th March Conference registration opens
  • Monday 3rd April Abstracts Due
  • By Monday 24th April Notification of acceptances
  • Monday 15th May Registration deadline for presenters
  • Monday 15th May Deadline for early-bird registration
  • Monday 12th June Full papers due for entries to prizes
  • Wednesday 12th July Conference start
  • Friday 14th July Conference end

2016 NZEP Issue 3 celebrates 50 years of journal

The contents of New Zealand Economic Papers, Volume 50, Issue 3, 2016 (available online or by subscription):

  • Introduction to NZEP Special Issue by Gary Hawke
  • Fifty years of New Zealand Economic Papers: 1966 to 2015 by Robert A. Buckle & John Creedy
  • Recessions and recoveries in New Zealand’s post-Second World War business cycles by Viv B. Hall & C. John McDermott
  • Does New Zealand economics have a useful past? The example of trade policy and economic development by Geoffrey Brooke, Anthony Endres & Alan Rogers
  • Eighty years of urban development in New Zealand: impacts of economic and natural factors by Arthur Grimes, Eyal Apatov, Larissa Lutchman & Anna Robinson
  • Inequality in New Zealand 1983/84 to 2012/13 by Christopher Ball & John Creedy
  • New Zealand’s experience with changing its inflation target and the impact on inflation expectations by Michelle Lewis & C. John McDermott
  • Book review: A few hares to chase: the life and economics of Bill Phillips, by Alan Bollard, reviewed by Nicholas Barr

August 2016 AI (#56) with conference keynote abstracts

Asymmetric Information Issue 56


  • Editorial
  • An Interview with Ilan Noy (by John Creedy)

  • The ‘Five Minute Interview’ (Judy Kavanagh)

  • NZAE Membership Survey 2015

  • NZAE Conference Keynote Speaker Abstracts

  • NZAE Conference Photos

  • Awards Presented at NZAE Conference 2016

  • Blogwatch (by Paul Walker)

  • (Motu) The Impact of the 90-day Trial Policy

    (by Nathan Chappell and Isabelle Sin)

  • WEAI Conferences, 2017 and beyond

  • GEN Annual Conference 2016

  • (Stats New Zealand) New Information in the

    Labour Market Estimates (by Sharon Snelgrove)

  • Two Recent New Zealand Publications

  • Research in Progress (University of Auckland)

  • NZAE Information and New Members

Transport Knowledge Hub seminar Wednesday 31 August

The Ministry of Transport, MBIE and Transport Economics Knowledge Hub

invite you to attend a seminar that will present on two topics:

Implementing the Transport Domain Plan and Transport Research Strategy by Joanne Leung, Principal Economist, Ministry of Transport

New Zealand’s productivity growth: prescriptions for lifting performance from the NZ productivity commission by Paul Conway, Director Economics & Research, NZ Productivity Commission

Time and date:       11:30am to 1:00pm, Wednesday 31 August 2016

Venue:                    Ministry of Business, Innovation & Employment (MBIE) , 15 Stout Street, Wellington

RSVP:                    knowledgehub@transport.govt.nz (by Monday 29 August 2016)

2016 NZEP Issue 2 including papers on inequality

The contents of New Zealand Economic Papers, Volume 50, Issue 2, 2016 (available online or by subscription):

  • Food expenditure and GST in New Zealand by Christopher Ball, John Creedy & Michael Ryan
  • Income redistribution and changes in inequality in New Zealand from 2007 to 2011: Alternative distributions and value judgements by John Creedy & Jesse Eedrah
  • Does stadium construction create jobs and boost incomes? The realised economic impacts of sports facilities in New Zealand by Samuel A. Richardson
  • Interpreting inequality measures and changes in inequality by John Creedy
  • The effects of home heating on asthma: evidence from New Zealand by Andrea Kutinova Menclova & Rachel Susan Webb
  • From complete to incomplete (contracts): A survey of the mainstream approach to the theory of privatisation by Paul Walker

Congratulations to recipients of NZAE prizes in 2016

Congratulations to the following recipients of prizes presented at NZAE Conference 2016. More detail on each prize is available at http://www.nzae.org.nz/prizes/

Honours Dissertation Prize Michael Callaghan
New Zealand Economic Policy Prize Sina Mashinchi
NZIER Poster prize – open Andrea Menclova
NZIER Poster prize – student Nazila Alinaghi
People’s choice poster Andrea Menclova
Jan Whitwell Doctoral Yonatan Dinku
Jan Whitwell Doctoral Lan Anh Tong
Jan Whitwell Bachelors / Masters Wilbur Townsend
Seamus Hogan Research Prize Anthony Anyanwu
Statistics NZ prize Lisa Meehan

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)

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

Asymmetric Info Issue 55 v2 5 April 2016


  • 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



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


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.