NZCM Newsletter

NZCM Newsletter

NZCM Newsletter #1 The goal of the New Zealand Centre for Macroeconomics is to improve the quality of macroeconomic research in New Zealand. By creating a hub, the NZCM hopes to facilitate research interaction between local academics, their interaction with the policy...
NZCM Working Paper

NZCM Working Paper

Deviations in Real Exchange Rate Levels in the OECD Countries Martin Berka and Daan Steenkamp Why are some countries expensive and others cheap? The standard explanation – the Balassa-Samuelson theory based on sectoral differences in productivity – has long been...