New Zealand
Cover -- CONTENTS -- CONTEXT -- RECENT DEVELOPMENTS, OUTLOOK AND RISKS -- A. Recent Developments -- B. Outlook -- C. Risks -- D. The Authorities' Views on Outlook and Risks -- POLICY DISCUSSIONS -- A. Monetary and Fiscal Policy -- B. Strengthening Macro-Financial Resilience -- C. Supporting Growth Opportunities -- STAFF APPRAISAL -- BOX -- 1. Local Governments and the Housing Supply Constraints -- FIGURES -- 1. Output and Prices -- 2. Considerations for Monetary Policy -- 3. External Developments -- 4. Fiscal Developments -- 5. Housing Market -- 6. Banking Sector -- 7. Key Macro-Financial Trends -- 8. Residential Housing Loans: Risk Profile -- TABLES -- 1. Main Economic Indicators, 2010-2022 -- 2. Fiscal Accounts, 2011/12-2021/22 -- 3. Balance of Payments, 2010-2022 -- 4. Monetary and Financial Sector, 2014-2022 -- 5. Financial Sector Indicators, 2010-2016Q3 -- ANNEXES -- I. New Zealand's External Balance Sheet: Developments and Risk Profile -- II. External Sector Assessment -- III. Risk Assessment Matrix -- IV. Macroeconomic Effects of Migration in New Zealand -- V. Macroprudential Measures -- VI. External and Fiscal DSAs -- CONTENTS -- FUND RELATIONS -- STATISTICAL ISSUES