OECD Economics Department Working Papers

The Determinants and Properties of Monetary Conditions: Direct Survey Evidence from New Zealand

DOI:https://dx.doi.org/10.1787/528200201458

In the absence of a generally accepted indicator of monetary conditions the current and expected stance of monetary policy remains undefined. However, the Reserve Bank of New Zealand, by directly surveying perceived and expected monetary conditions, have enabled both a mean index of current and...



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