Macroeconomics, Monetary Economics and Economic Performance
Motu carries out macroeconomic, monetary economic and economic performance research in a range of areas. Recent research looks at exporting, credit losses, productivity and New Zealand banking history.
- Fabling, Richard, and Lynda Sanderson. 2013. “Exporting and Firm Performance: Market Entry, Investment and Expansion,” Journal of International Economics 89:2, pp. 422–31.
- Grimes, Arthur, and Sean Hyland. 2013. “Passing the Buck: Impacts of Commodity Price Shocks on Rural Outcomes,” Motu Climate Economics Research Workshop, Wellington, 4–5 March 2013.
- Pemberton, Josh. 2013. "Value and Natural Capital: Examining the Economist's Perspective," Australian Agricultural and Resource Economics Society Annual Conference, Sydney, Australia, 5–8 February 2013.
- Jaffe, Adam B. 2012. "Technology Policy and Climate Change," The Next Round of Climate Economics & Policy Research, Washington, DC, 27–8 October 2012.
- Grimes, Arthur, and Sean Hyland. 2012. "Passing the Buck: Impacts of Commodity Price Shocks on Rural Outcomes", New Zealand Agricultural and Resource Economics Society Annual Conference, Nelson, New Zealand, 30-31 August 2012.
- Grimes, Arthur, Robert MacCulloch, Les Oxley and Nicholas Tarrant. 2012. "Does Money Buy Me Love? Testing Alternative Measures of National Wellbeing," presented to the International Wellbeing Conference, Wellington, June 2012, and the New Zealand Association of Economists Annual Conference, Palmerston North, June 2012.
- Coleman, Andrew. 2011. "The Evolution of Institutions for Collective Action," Motu Agricultural Emissions Dialogue Group, Wellington, New Zealand, 31 August 2011.
- Coleman, Andrew. 2011. "Property Prices, Wealth and the Intergenerational Consequences of Capital Gains Taxes," New Zealand Treasury, Wellington, 2 September 2011.
- Coleman, Andrew. 2011. "Saving, Private and Public: Do New Zealanders Need Rescuing from Financial Oblivion?" Presentation to the National Council of Women (Otago Branch), Dunedin, 5 October 2011.
- Coleman, Andrew. 2011. "Uncovering Uncovered Interest Parity during the Classical Gold Standard Era, 1888-1905," Otago University, Dunedin, 16 September 2011.
- Olssen, Alex. 2011. "The Short Run Effect of Age Based Youth Minimum Wages in Australia: A Regression Discontinuity Approach (Slides)," New Zealand Association of Economists Annual Conference, Wellington, 29 June-1 July 2011.
- Coleman, Andrew. 2011. "Saving New Zealand: Pay-As-You-Go versus Save-As-You-Go Superannuation Schemes," Motu Research Update 20, p. 8.
- McDonald, Hugh, and Andrew Coleman. 2011. "No Country for Old Men: Trans-Tasman Income Patterns, 1981-2009," New Zealand Association of Economists Annual Conference, Wellington, 29 June-1 July 2011.
- Coleman, Andrew, 2011. "Price Discounting in New Zealand," New Zealand Association of Economists Annual Conference, Wellington, 29 June-1 July 2011. Available online from http://www.nzae.org.nz/conferences/2011/programme.html.
- Fabling, Richard and Arthur Grimes. 2010. "HR Practices and New Zealand Firm Performance: What Matters and Who Does It?", International Journal of Human Resource Management 21:4, pp. 488–208.
- Coleman, Andrew. 2008. 'The Hidden Costs of Low Inflation: Savings, Tax and the Dearth of Home Ownership,' Motu Public Policy Seminar, October.
- Jaffe, Adam B. 2006. "The 'Science of Science Policy': Reflections on the Important Questions and the Challenges They Present", Keynote Address, NSF Workshop on Advancing Measures of Innovation: Knowledge Flows, Business Metrics, and Measurement Strategies, Arlington, VA, 6 June 2006.
- Coleman, Andrew. 2010. "Why Grandma is my Landlord: Population Ageing, Taxes, and their Implications for the Housing Market," Auckland Public Policy Seminar, May.
- Fabling, Richard. 2007. "The performance of New Zealand exporters: Some firm-level evidence," Motu Public Policy Seminar, December.
- Coleman, Andrew. 2008. "The Hidden Costs of Low Inflation: Savings, Tax and the Dearth of Home Ownership," Wellington Public Policy Seminar, October.
- Robert MacCulloch. 2009. "Happiness, contentment and other emotions: implications for economic policy," Auckland Public Policy Seminar, July.
- Gemmell, Norman. 2008. "Taxes and Economic Growth: what is all the fuss about?" Motu Public Policy Seminar, May.
- Andrew Coleman
- Richard Fabling
- Arthur Grimes
- Hall, Bronwyn H., and Adam B. Jaffe. 2012. "Measuring Science, Technology, and Innovation: A Review," Report prepared for the Panel on Developing Science, Technology, and Innovation Indicators for the Future, National Academies of Science.
- Coleman, Andrew. 2012. "Pension Payments and Receipts by New Zealand Birth Cohorts, 1916–1986", Motu Working Paper 12-11, Motu Economic and Public Policy Research, Wellington.
- Grimes, Arthur, and Sean Hyland. 2012. "Passing the Buck: Impacts of Commodity Price Shocks on Local Outcomes", draft paper, Motu Economic and Public Policy Research, Wellington.
- Grimes, Arthur, Les Oxley and Nicholas Tarrant. 2012. "Does Money Buy Me Love? Testing Alternative Measures of National Wellbeing," Motu Working Paper 12-09, Motu Economic and Public Policy Research, Wellington.
- Fabling, Richard, Arthur Grimes and Lynda Sanderson. 2012. "Whatever Next? Export Market Choices of New Zealand Firms," Papers in Regional Science, 91:1, pp. 137–160.
- Fabling, Richard, Arthur Grimes and Philip Stevens. 2012. "The Relatives are Fine: Use of Qualitative Firm Data in Economic Analysis," Applied Economics Letters, 19:7, pp. 614-8
- Grimes, Arthur. 2011. "Monetary Policy and Economic Imbalances: An Ethnographic Examination of the Arbee Rituals," New Zealand's Macroeconomic Imbalances – Causes and Remedies, Welington, New Zealand, June 2011. Available online from http://www.treasury.govt.nz/downloads/pdfs/mi-panel-grimes.pdf
- Fabling, Richard. 2011. "International Engagement and Firm Performance," Asymmetric Information: Newsletter of the New Zealand Association of Economists, Issue 42, December 2011, p. 10.
- Grimes, Arthur, Jason Le Vaillant and Philip McCann. 2011. "Auckland's Knowledge Economy: Australasian and European Comparisons," MED Occasional Paper 11/02, Ministry of Economic Development, Wellington. Available online from http://www.med.govt.nz/about-us/publications/publications-by-topic/occasional-papers/11-02-pdf/view
- Coleman, Andrew. 2011. "PAYGO v SAYGO: Prefunding Government-Provided Pensions," Motu Note #8, Motu Economic and Public Policy Research, Wellington.
- Coleman, Andrew. 2011. "Behavioural Economics: Implications for the Savings Literature," Motu Note #7, Motu Economic and Public Policy Research, Wellington.
- Coleman, Andrew. 2011. "Mandatory Retirement Income Schemes, Saving Incentives, and KiwiSaver," Motu Note #6, Motu Economic and Public Policy Research, Wellington.
- Fabling, Richard. 2010. "Keeping it Together: Tracking Firms in New Zealand's Longitudinal Business Database," Motu Working Paper 11-01.
- Coleman, Andrew and Arthur Grimes. 2010. "Betterment Taxes, Capital Gains and Benefit Cost Ratios," Economics Letters 109:1, pp. 54–56.
- Coleman, Andrew. 2010. "The Long Term Impact of Capital Gains Taxes in New Zealand", New Zealand Economic Papers, 44:2, pp. 159-77.
- Coleman, Andrew and Hugh McDonald. 2010. "'No country for old men”: a note on the trans-Tasman income divide". Motu Working Paper 10-08.
- Le, Trinh; John Gibson and Steven Stillman. 2010. "Household Wealth and Saving in New Zealand: Evidence from the Longitudinal Survey of Family, Income and Employment". Motu Working Paper 10-06, Motu Economic and Public Policy Research, Wellington.
- Grimes, Arthur. 2010. "Capital Intensity and Welfare: Traded and Non-Traded Sector Determinants", New Zealand Economic Papers 43:1, pp. 21-39.
- Coleman, Andrew and Arthur Grimes. 2010. “Fiscal, Distributional and Efficiency Impacts of Land and Property Taxes”, New Zealand Economic Papers 44:2, pp. 179–199
- Fabling, Richard and Arthur Grimes. 2010. "Cutting the Hedge: Exporters' Dynamic Currency Hedging Behaviour," Pacific-Basin Finance Journal 18:3, pp. 241–53.
- Hess, Kurt, and Arthur Grimes. 2009. "Commercial Bank Loan Loss Recoveries," University of Waikato Working Paper in Economics 09/09, University of Waikato, Hamilton.
- Fabling, Richard, and Arthur Grimes. 2009. "The 'Suite' Smell of Success: Complementary Personnel Practices and Firm Performance", Reserve Bank of New Zealand Discussion Paper DP2009/13, Reserve Bank of New Zealand, Wellington. Available online from http://rbnz.govt.nz/research/discusspapers/dp2009.html
- Hess, Kurt, Grimes, Arthur and Holmes, Mark J. 2009. "Credit Losses in Australasian Banking," Economic Record 85:3, pp. 331–343. Available at SSRN: http://ssrn.com/abstract=1484284.
- Coleman, Andrew and Arthur Grimes. 2009. "Fiscal, Distributional and Efficiency Impacts of Land and Property Taxes," Motu Working Paper 09-14.
- Coleman, Andrew. 2009. "The Long Term Effects of Capital Gains Taxes in New Zealand," Motu Working Paper 09-13.
- Grimes, Arthur. 2008. "Approaches to Economic Growth: Implications for Policy Analysis", in Ways of Thinking about Economic Growth: Papers from MED's Growth Seminar Series, MED Occasional Paper 08-07, Ministry for Economic Development, Wellington, pp. 56–65. Available online at http://www.med.govt.nz/about-us/publications/publications-by-topic/occasional-papers/2008.
- Fabling, Richard, and Arthur Grimes. 2008. "Over the Hedge? Exporters' Optimal and Selective Hedging Choices," Reserve Bank of New Zealand Discussion Paper DP2008/14, Reserve Bank of New Zealand, Wellington. Available online from http://rbnz.govt.nz/research/discusspapers/dp2008.html
- Coleman, Andrew and Özer Karagedikli. 2008. "The Relative Size of New Zealand Exchange Rate and Interest Rate Responses to News," Motu Working Paper 08-08
- Fabling, Richard and Arthur Grimes. 2008. "Do Exporters Cut the Hedge? Who Hedges and Why," Ministry of Economic Development Occasional Paper 08/02.
- Fabling, Richard; Arthur Grimes and Philip Stevens. 2008. "A Comparison of Qualitative and Quantitative Firm Performance Measures," MED Occasional Paper 08-04, Ministry of Economic Development, Wellington, New Zealand.
- Hess, Kurt; Arthur Grimes and Mark Holmes. 2008. "An Exploration of Measures to Assess a Bank's Credit Loss Experience," Journal of International Finance and Economics, 8:1, pp. 1-13.
- Hess, Kurt; Arthur Grimes and Mark Holmes. 2008. "Credit Losses in Australasian Banking", Working Paper 08/10, Department of Economics, University of Waikato.
- Coleman, Andrew. 2008. "Inflation and the Measurement of Saving and Housing Affordability," Motu Working Paper 08-09.
- Grimes, Arthur; John Singleton, Gary Hawke and Frank Holmes. 2008. "Reforming a Small Central Bank: The Reserve Bank of New Zealand," Chung-Hsing Journal of History, forthcoming (in Mandarin).
- Crawford, Ron; Richard Fabling, Arthur Grimes and Nick Bonne. 2007. "National R&D and Patenting: Is New Zealand an Outlier?" New Zealand Economics Papers, 41:1, pp. 69-90.
- Grimes, Arthur. 2007. "Trans-Tasman Shocks: A Mediating Role for the NZDAUD," New Zealand Economics Papers, 41:2, pp. 237-250.
- Johnson, Robin; Weshah A. Razzak and Steven Stillman. 2007. "Has New Zealand Benefited from Its Investments in Research and Development?" Applied Economics, 39:19, pp. 2425-2440.
- Grimes, Arthur and Richard Fabling. 2007. "HR Practices and Firm Performance: What Matters and Who Does it?" MED Ooccasional Paper 07-02.
- Grimes, Arthur. 2007. "Capital intensity and welfare: National and International determinants," MED Occasional Paper 07-03.
- Grimes, Arthur and Richard Fabling. 2007. "Practice Makes Profit: Business Practices and Firm Success," Small Business Economics, 29:4, pp. 383-399.
- Singleton, John; Arthur Grimes, Gary Hawke and Frank Holmes. 2006. Innovation in Central Banking: A History of the Reserve Bank of New Zealand, Auckland: Auckland University Press.
- McLuskey, William; Andrew Aitken, Arthur Grimes, Suzi Kerr and Jason Timmins. 2006. "Rating Systems in New Zealand: An Empirical Investigation into Local Choice," Journal of Real Estate Literature, 14:3, pp. 381-397.
- Grimes, Arthur. 2006. "A Smooth Ride: Terms of Trade, Volatility and GDP Growth," Journal of Asian Economics, 17:4, pp. 583-600.
- Grimes, Arthur. 2006. "Intra and Inter-Regional Industry Shocks: A New Metric with Application to Australasian Currency Union," New Zealand Economic Papers, 40:1, pp 23-44.
- Grimes, Arthur; Suzi Kerr, Andrew Aitken and Robert Sourell. 2006. "The Housing Fulcrum: Balancing Economic and Social Factors in Housing Research and Policy," Kotuitui: New Zealand Journal of Social Sciences Online, 1, pp. 65-79.
- Grimes, Arthur. 2005. "Regional and Industry Cycles in Australasia: Implications for a Common Currency," Journal of Asian Economics, 16:3, pp.380-397.
- Grimes, Arthur. 2005. "New Zealand: A Typical Australasian Economy?" in The Visible Hand: The Changing Role of the State in New Zealand, Andrew Ladley and John Martin, Eds. Wellington: Institute of Policy Studies.
- Grimes, Arthur; John Singleton, Gary Hawke and Frank Holmes. 2005. "Twenty Years of Modernisation: The Reserve Bank of New Zealand", in Central Bank Modernisation, N. Courtis and P. Nicholl, Eds. London: Central Bank Publications, pp.167-182.
- Grimes, Arthur and Richard Fabling. 2005. "Insolvency and Economic Development: Regional Variation and Adjustment," Journal of Economics and Business, 57:4, pp. 339-359.
- Grimes, Arthur. 2005. "Regional and Industry Cycles in Australasia: Implications for a Common Currency," Motu Working Paper 05-04.
- Grimes, Arthur. 2005. "Intra and Inter-Regional Industry Shocks: A New Metric with an Application to Australasian Currency Union," Motu Working Paper 05-03.
- Björksten, Nils; Özer Karagedikli, Christopher Plantier and Arthur Grimes. 2004. "What Does the Taylor Rule Say About New Zealand-Australia Currency Union?" Economic Record, 80:1, pp. S34-S42.
- Hall, Viv and Angela Huang. 2004. "Would Adopting the US Dollar Have Led to Improved Inflation, Output and Trade Balances, for New Zealand in the 1990s?" New Zealand Economic Papers, 38:1, pp. 49-63.
- Kerr, Suzi; Andrew Aitken and Arthur Grimes. 2004. "Land Taxes and Revenue Needs as Communities Grow and Decline: Evidence from New Zealand," Motu Working Paper 04-01.
- Grimes, Arthur. 2004. "New Zealand: A Typical Australasian Economy?" Motu Working Paper 04-11.
- Hall, Viv and John McDermott. 2004. "Regional Business Cycles in New Zealand: Do They Exist? What Might Drive Them?" Motu Working Paper 04-10.
- Claus, Iris and Arthur Grimes. 2003 "Asymmetric Information, Financial Intermediation and the Monetary Transmission Mechanism: A Critical Review," New Zealand Treasury Working Paper 03/19 (September).
- Grimes, Arthur. 2003. "Economic Growth and the Size and Structure of Government: Implications for New Zealand," New Zealand Economic Papers. 37:1, pp. 151-174.
- Singleton, John; Arthur Grimes, Gary Hawke and Sir Frank Holmes. 2003. "Progress Report on the New History of the Reserve Bank of New Zealand," Australian Economic History Review, 43:1, pp. 83-88.
- Björksten, Nils; Arthur Grimes, Özer Karagedikli and Christopher Plantier. 2003. "What Can the Taylor Rule Tell Us About a Currency Union Between New Zealand and Australia?" Reserve Bank of New Zealand Discussion Paper DP2004/05 (June).
- Fabling, Richard and Arthur Grimes. 2003. "Insolvency and Economic Development: Regional Variation and Adjustment," Motu Working Paper 03-18.
- Grimes, Arthur. 2003. "Economic Growth and the Size and Structure of Government: Implications for New Zealand," Motu Working Paper 03-10.
- Hall, Viv and Angela Huang. 2003. "Would Adopting the US Dollar Have Led to Improved Inflation, Output and Trade Balances for New Zealand in the 1990s?" Motu Working Paper 03-14.
- Grimes, Arthur. 2002. "Why are New Zealanders so Wealthy?" Competition and Regulation Times, 9 (Nov), pp. 4-5. New Zealand Institute for the Study of Competition and Regulation Inc, Wellington.
- McCluskey, William; Arthur Grimes and Jason Timmins. 2002. "Property Taxation in New Zealand," Lincoln Institute of Land Policy Working Paper WP02WM1.
- Grimes, Arthur. 2002. "Managing Small Open Economies: Exchange Rate Systems and Real Sector Shocks" in Globalization and the Asia Pacific Economy, Kyung Tae Lee, Ed. London: Routledge, pp. 226-244.
- Grimes, Arthur and James Rolfe. 2002. "Optimal Defence Structure for a Small Country," Defence and Peace Economics, 13:4, pp. 271-286.
- McLaughlin, Eoin, David Greasley, Nick Hanley, Les Oxley and Paul Warde. 2012. "Testing for a Long-run "Sustainability": Genuine Savings Estimates for Britain, 1760–2000," Stirling Economics Discussion Paper 2012-05, Stirling Management School, University of Stirling, Stirling, UK. Available online from http://www.stir.ac.uk/management/research/economics/working-papers/.
- Sin, Isabelle. 2012. "The Gravity of Ideas: How Distance Affects Translations," draft paper, Motu Economic and Public Policy Research, Wellington.
- Denne, Tim, and Steven Bond-Smith. 2012. "Impacts of the NZ Insulation Fund on Industry and Employment", Paper prepared for Ministry of Economic Development, MED, Wellington.
- Abramitzky, Ran, and Isabelle Sin. 2012. "Book Translations as Idea Flows: The Effects of the Collapse of Communism on the Diffusion of Knowledge," Motu Working Paper 12-05, Motu Economic and Public Policy Research, Wellington.
- Sin, Isabelle. 2011. "Insights from Book Translations on the International Diffusion of Knowledge," doctoral dissertation, Stanford University.
- Sin, Isabelle & Ran Abramitzky. 2011. "Book Translations as Idea Flows: The effects of the collapse of Communism on the diffusion of knowledge," Stanford Working Paper.
- Fabling, Richard, and Lynda Sanderson. 2011. "Foreign Acquisition and the Performance of New Zealand Firms," New Zealand Treasury Working Paper 11/06, The Treasury, Wellington.
- Fabling, Richard, Arthur Grimes, Lynda Sanderson and Philip Stevens. 2008. "Some Rise by Sin, and Some by Virtue Fall: Firm Dynamics, Market Structure and Performance," MED Occasional Paper 08-01, Ministry of Economic Development, Wellington. Available online at http://www.med.govt.nz/about-us/publications/publications-by-topic/occasional-papers/2008
- Maré, David C. and Jason Timmins. 2006. "Geographic Concentration and Firm Productivity," Motu Working Paper 06-08.
- Maré, David C. 2004. "What Do Endogenous Growth Models Contribute?" Motu Working Paper 04-04.
- McMillan, John. 2004. "Quantifying Creative Destruction Entrepreneurship and Productivity in New Zealand," Motu Working Paper 04-07.
- Maré, David C. 2003. "Ideas for Growth?" Motu Working Paper 03-19.
Wellbeing and Sustainability Measures
This research addresses the question: “Are current actions and policies sustainably increasing overall wellbeing?”
