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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.

Vacancy for Regulatory Accountant/Economist at Powerco closes 8 Mar 2019

Regulatory Accountant / Economist

New Plymouth

The energy sector is in the period of change driven by technology and climate policy. On top of that, Powerco has embarked on a step-change in network investment over the next five years. We’re a regulated company, so in addition to keeping the lights on and gas flowing, we have to meet a bunch of disclosure obligations to our consumers and regulators.

Were looking for a Regulatory Accountant/Economist to join Powerco’s energetic Regulatory and Pricing team. Reporting to the Regulatory and Pricing Strategy Manager you will be in a unique position to help Powerco (and the industry) engage constructively on these issues. You’ll need to travel now and again in this role.

You will get to:

  • apply your financial and project management skills to regulatory issues and obligations affecting Powerco’s gas and electricity businesses
  • provide leadership and advice on interpreting the regulatory rules and how they impact upon Powerco’s business activities
  • leverage your strong interpersonal skills as you work collaboratively with teams across the business and offices
  • flex your intellectual curiosity because you’ll be looking at economic, financial and technical issues that affect the business both now and in the future.

Were a small team so we share the tasks. Your role will involve the following:

  • Providing advice and insights to the business about the impact of regulatory developments and decisions, particularly those with a finance/accounting element
  • Managing Powerco’s processes to meet its regulatory disclosure obligations, including engagement with Powerco staff on the link between regulatory requirements, processes, and governance arrangements
  • Providing assurance to Powerco that the regulatory disclosure obligations across the electricity and gas businesses are understood and have been met
  • Maintaining positive relationships and contacts with regulatory agencies at both technical and management levels
  • Providing input to assist the Regulatory Policy Manager in the preparation and delivery of submissions and related consultations by regulatory entities

The person we are looking for will need a combination of:

  • a tertiary degree or equivalent in finance or economics or similar analytical subject
  • some knowledge of the NZ electricity and/or gas industry or similar regulated industry
  • an understanding of micro-economic concepts underlying the design and operation of energy markets and regulation of the distribution networks
  • ideally five or more years experience of work in a finance/advisory capacity
  • the curiosity and persistence to own and resolve complex issues.

Applications close on Friday, 8 March 2019.

2018 NZEP Issue 3 includes analysis of NZ rich list

The contents of New Zealand Economic Papers, Volume 52, Issue 3, 2018 (available online or by subscription):

  • Monetary, prudential and fiscal policy: how much coordination is needed? by Stephen G. Cecchetti
  • Inflation expectations and low inflation in New Zealand by Özer Karagedikli & C. John McDermott
  • The New Zealand rich list twenty years on by Tim Hazledine & Max Rashbrooke
  • Modal shift for New Zealand shippers for various policy scenarios by Hyun Chan Kim, Diana Kusumastuti & Alan Nicholson
  • The marginal welfare cost of personal income taxation in New Zealand by John Creedy & Penny Mok

Call for applications for A R Bergstrom Prize in Econometrics

Applications are now being sought for the A R Bergstrom Prize in Econometrics, 2019.

The objective of the Prize is to reward the achievement of excellence in econometrics, as demonstrated by a research paper in any area of econometrics. The Prize is open to New Zealand citizens or permanent residents of New Zealand who, on the closing date of applications, have current or recent (i.e. within two years) student status for a higher degree. It is intended that the awardee will utilise the proceeds to assist in financing further study or research in econometrics in New Zealand or overseas.

The Prize can be awarded once every two years, with a value of NZ$1,000 (NB Payment will be to a domestic New Zealand bank account in the name of the prize winner). The selection panel will be appointed by the A R Bergstrom Prize Committee.

Applications/nominations must include:

  • a formal letter of application and, in the case of students, a letter of nomination by their research adviser or chairperson
  • a research paper written by a single author, reporting original research in any area of econometrics
  • a CV and relevant academic transcripts

Applications should be emailed by Friday 15 February 2019 to:
Dr. Leo Krippner ( leo.krippner@rbnz.govt.nz )

See NZAE page for further information on the prize.

Congratulations to recipients of NZAE prizes in 2018

Congratulations to the following recipients of prizes presented at NZAE Conference 2018. More detail on each prize is available at https://nzae.org.nz/prizes/

David Teece Prize in Industrial Organisation and Firm Behaviour Richard Meade
New Zealand Economic Policy Prize Jed Armstrong, Hayden Skilling & Fang Yao
NZIER Poster prize – open Hanna Habibi
NZIER Poster prize – student Hanna Habibi
People’s choice poster Samuel Verevis
Jan Whitwell Doctoral Yaxiong (Sherry) Li
Jan Whitwell Bachelors / Masters Ben Davies
Seamus Hogan Research Prize Sally Owen
Statistics NZ prize Isabelle Bouchard, Lydia Cheung & Gail Pacheco

GEN 2018 conference 9 Nov 2018

Improving peoples’ lives through effective policy

Ensuring policies are effective and achieve the desired impacts is harder than it seems. The conference will explore how economic analysis can help us to advise governments on the best ways to improve the quality of peoples’ lives.

Conference website

NZAE Conference 2019 early information

See dedicated conference website for more detail released nearer to the event.

Title: NZAE Conference 2019
Location: Rutherford House, Victoria University of Weellington
Description: Annual 3-day NZAE Conference
Start Date: 2019-07-03
Start Time: 08:00
End Date: 2019-07-05
End Time: 13:30

2019 Conference important dates:

  • Wednesday 20th February First notice of conference sent out
  • Wednesday 20th February Portal for abstract submissions opens
  • Friday 22nd March Final notice of conference sent out
  • Monday 25th March Conference registration opens
  • Monday 1st April Abstracts Due
  • By Monday 22nd April Notification of acceptances
  • Monday 13th May Registration deadline for presenters
  • Monday 13th May Deadline for early-bird registration
  • Monday 10th June Full papers due for entries to prizes
  • Wednesday 3rd July Conference start
  • Friday 5th July Conference end

PhD Workshop: Tuesday, 2nd July; venue TBD

2019 Conference keynotes:

Canterbury scientific integrity workshop 26-Oct-18

There is more and more evidence that findings from many scientific studies cannot be reproduced, casting doubt on the reliability of these studies. This will be discussed at a ‘Reproducibility and Integrity in Scientific Research’ workshop, University of Canterbury, October 26, 2018. Registration details at https://blogs.canterbury.ac.nz/intercom/2018/09/21/workshop-on-reproducibility-and-integrity-in-scientific-research/.

Aug 2018 AI (#62) includes recent awards and photos

Asymmetric Information Issue No. 62

Contents

  • Editorial
  • An interview with Paul Conway (by John Yeabsley)
  • The ‘Five Minute Interview’ (Christina Leung)
  • NZIER Economics Award 2018 Citation
  • NZAE Conference 2018 Awards
  • NZAE Conference 2018 Photos
  • Blogwatch (by Paul Walker)
  • GEN 2018 Annual Conference Notification
  • Environmental-Economic Accounting at Stats NZ
  • Creedy on Corden
  • WEAI Conferences, Save the Dates
  • 29th Australian & New Zealand Econometric Study Group (ANZESG) Meeting
  • NEW MEMBERS (for 2018 up to 1 August 2018)
  • The A R Bergstrom Prize in Econometrics, 2019

2018 NZEP Issue 2 includes whether state ownership is detrimental to performance

The contents of New Zealand Economic Papers, Volume 52, Issue 2, 2018 (available online or by subscription):

  • The fall (and rise) of labour share in New Zealand by Benjamin Bridgman & Ryan Greenaway-McGrevy
  • Business cycle accounting for New Zealand by Thakshila Gunaratna & Robert Kirkby
  • Artwork characteristics and prices in the New Zealand secondary art market, 1988–2011 by John Forster & Helen Higgs
  • New Zealand State-owned enterprises: is state-ownership detrimental to firm performance? by Kenny Ka Yin Chan, Li Chen & Norman Wong
  • Income effects and the elasticity of taxable income by John Creedy, Norman Gemmell & Josh Teng
  • The economists and New Zealand population: problems and policies 1900–1980s by Geoffrey T. F. Brooke, Anthony M. Endres & Alan J. Rogers
  • The effect of public funding on research output: the New Zealand Marsden Fund by Jason Gush, Adam Jaffe, Victoria Larsen & Athene Laws
  • Citation for John Gibson to mark his Distinguished Fellow Award by the New Zealand Association of Economists by Arthur Grimes

Housing Unaffordability special issue call for papers

Housing Unaffordability: An International Economic Problem

Guest Editors:
Peter Phillips peter.phillips@yale.edu
Ryan Greenway-McGrevy r.mcgrevy@auckland.ac.nz

Housing has become increasingly expensive in many urban centres around the world, creating a global economic problem with no easy policy solutions. Housing unaffordability has a pervasive influence on many aspects of economic life. It impacts intergenerational equity, affects retirement decisions, labour mobility and immigration, and raises major policy challenges at both local and national government levels.

This Special Issue of New Zealand Economic Papers will be devoted to addressing these questions using evidence based economic analysis. We welcome research on all aspects of this global economic problem, including its causes, consequences, and policy responses, as well as methodological approaches to its study and empirical analysis.

Ranking: Australian Business Deans Council (ABDC) Journal Quality List – B ranking.

Submission: via the online portal at https://mc.manuscriptcentral.com/rnzp

Please indicate that your paper is meant for the special issue on “Housing Unaffordability” during the submission process.
Selection of papers for the special issue will follow peer review.

Availability: New Zealand Economic Papers is a fully peer-reviewed scholarly journal published by leading international publishers Taylor & Francis (under the Routledge imprint) on behalf of the New Zealand Association of Economists.
The journal is indexed in leading international databases including EconLit, ABI/Inform and EBSCO.

Submission deadline: 31 March 2019

NZEP Call for papers Jun18

Apr 2018 AI (#61) includes research work at AUT

Asymmetric Information Issue No. 61 

Contents

  • Editorial
  • An interview with Leo Krippner (by John Yeabsley)
  • The ‘Five Minute Interview’ (Ronald Peters)
  • Blogwatch (by Paul Walker)
  • Obituaries: The Passing Parade
  • WEAI Conferences, Save the Dates
  • Introducing … The New Zealand Work Research Institute at AUT
  • (Motu) Retooling the Emissions Trading Scheme to ‘Decarbonise’ NZ (by Suzi Kerr, Catherine Leining, Joanna Silver, Phil Brown, Nigel Brunel, Sandra Cortes-Acosta, Stuart Frazer, Adrian Macey, Guy Salmon, and Paul Young)
  • Meanwhile … Activities of Possible Interest
  • NEW MEMBERS (for 2018 up to 1 April 2018)
  • Research in Progress (University of Canterbury)

NZAE Conference 2018 abstracts due 2-Apr

THE NEW ZEALAND ASSOCIATION OF ECONOMISTS IS PLEASED TO ANNOUNCE A CALL FOR PAPERS FOR ITS 59TH ANNUAL CONFERENCE.

To be held at Auckland University of Technology, Auckland, New Zealand on 27, 28 and 29 June 2018.

Please see attached detailed information re:
1. “Last Call for Papers” 59th Annual Conference
2. “Call for Papers” Symposium on Wellbeing
3. “NZAE PhD Student workshop, 2018”
nzae2018_last_call_for_papers

General presentations in Feb-Apr 2018 include

A selection of forthcoming presentations/seminars/conferences includes the following. These and further events are reported within individual websites listed under General Presentations.

2018 NZEP Issue 1 includes question on Kiwisaver net wealth effect

The contents of New Zealand Economic Papers, Volume 52, Issue 1, 2018 (available online or by subscription):

  • KiwiSaver and the accumulation of net wealth by David Law & Grant M. Scobie
  • Analysing the extent and effects of occupational regulation in New Zealand by Simon James Greenwood & Andrea Kutinova Menclova
  • The demand for imported oil: New Zealand’s post-deregulation experience by Mohammad Jaforullah & Alan King
  • Behavioural heterogeneity in the New Zealand stock market by Bart Frijns & Ivan Indriawan
  • Collateral crises and unemployment by Eric Tong
  • Treasury’s refreshed views on New Zealand’s economic strategy: a review article by Paul Dalziel & Caroline Saunders

Len Bayliss passes away

Len Bayliss passed away January 19, 2018 at Parkwood Lodge, Waikanae, aged 90 years. Len was instrumental in the formation of the NZAE and has been a Life Member of the NZAE for many years.

Reports and reflections on Len’s contribution to NZ economics is available as follows:

  • 2005 citation at the time Len was elected a NZAE Life Member
  • 2011 summary of the early NZAE years, by Frank Holmes and assisted by Len Bayliss and Jack McFaull
  • 2013 interview with Len by Michael Reddell
  • And reflections by Michael Reddell on news of Len’s passing 

2017 NZEP Issue 3 includes NZ business cycle, public debt and firm productivity

The contents of New Zealand Economic Papers, Volume 51, Issue 3, 2017 (available online or by subscription):

  • On the robustness of stylised business cycle facts for contemporary New Zealand by Viv B. Hall, Peter Thomson & Stuart McKelvie
  • Price-setting behaviour in New Zealand by Miles Parker
  • Debt projections and fiscal sustainability with feedback effects by John Creedy & Grant Scobie
  • KiwiSaver: an evaluation of a new retirement savings scheme by David Law, Lisa Meehan & Grant M. Scobie
  • The effect of the price or rental cost of housing on family size: a theoretical analysis with reference to New Zealand by Mimi Liu & Jeremy Clark
  • Firm productivity growth and skill by David C. Maré, Dean R. Hyslop & Richard Fabling
  • Citation for David Teece to mark his Distinguished Fellow award by the New Zealand Association of Economists by Arthur Grimes