Innovation and Independence: the reserve Bank of New Zealand

This book is the second volume of the official history of the Reserve Bank of New Zealand. It is a rather more open and critical appraisal than is common. It covers the four main aspects of the recent development of the Reserve Bank that have earned it an international reputation: the development, implementation and experience in inflation targetting; the nature of the relationship with government and framework for independence and accountability under the Reserve Bank Act; the relatively hands-

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