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Comments on: A medium term divergence: RBNZ and Treasury http://www.tvhe.co.nz/2009/03/12/a-medium-term-divergence-rbnz-and-treasury/ The Visible Hand in Economics Wed, 11 Mar 2009 23:00:08 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2009/03/12/a-medium-term-divergence-rbnz-and-treasury/#comment-17953 Wed, 11 Mar 2009 23:00:08 +0000 http://www.tvhe.co.nz/?p=3182#comment-17953 Hi Miguel,

The fiscal impulse does account for why the recession stops in June. However, the medium term boost comes from investment and exports pushing back towards “trend”.

I would like to see what Treasury says on these issues – and then try to think through it a bit. RBNZ is right that investment and export volumes have to rebound from the base they’ve got them going to in their forecasts – the question is whether Treasury has a reason why this may not happen/why there are big countervailing factors.

]]> By: Miguel Sanchez http://www.tvhe.co.nz/2009/03/12/a-medium-term-divergence-rbnz-and-treasury/#comment-17952 Wed, 11 Mar 2009 22:56:06 +0000 http://www.tvhe.co.nz/?p=3182#comment-17952 The irony is that the RBNZ’s expected rebound comes entirely from the projected fiscal impulse. And where does that projection come from?

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