NZ Institute of Economic Research (NZIER)

Enabling paperless trade: A long, hard slog Paperless trade is a big deal. The benefits are akin to a high quality trade agreement. Removing paper documents from the supply chain will improve the efficiency of our trade relationships with all nations that can participate. Paperless has the advantage of working on all aspects of firms and government trade performance. It reduces costs per unit, allows skilled staff to move to other pressing parts of business or government, and creates opportunities for increased trade and new trade. This paper is the fourth in a series of four papers that look at trade policy and what we can do about the challenges New Zealand faces. https://hubs.ly/Q030h6j50

Our Public Good Insight on primary teacher quality received a lot of attention in 2024. It’s especially pleasing to see it referenced in the Government’s new Policy Statement on Teaching Council Functions released yesterday. NZIER’s Public Good programme internally funds research aimed at informing debate on New Zealand’s important economic and policy challenges. We know our Public Good work is achieving its objectives when we see it directly influencing public policy. Link to our report here https://hubs.ly/Q02_StW50 Read the policy statement here: https://hubs.ly/Q02_Sh5R0

NZIER Consensus Forecasts suggest that activity in the New Zealand economy remains soft in the near term https://hubs.ly/Q02_HPNl0

What does generative AI mean for New Zealand? The second in a two-part series, NZIER’s latest Insight, builds on the theories and evidence presented in our previous paper to discuss potential future direction for AI and outline potential policy responses. https://hubs.ly/Q02_lJLw0

Infinity and beyond - a call to action in difficult trade policy times New Zealand has a long history of innovation in trade policy. Whether it be ensuring access to the United Kingdom market, the creation of CER, or the development of the CPTPP, New Zealand trade policy has been pivotal. New Zealand needs to keep this up since the protectionist jungle is growing back. The good news is that we can and have responded to our trade policy challenges. New Zealand, along with like-minded countries, have a vested interest in trade to support their standard of living; thus, they have a huge stake in developing innovative ways of integrating further. Two areas where we can cooperate are the alignment of standards and the further development of paperless trade. Both initiatives have the ability to increase trade and improve its efficiency. In this report, we consider how New Zealand can respond to its trade policy challenges. https://hubs.ly/Q02-tbM20

Over the past two years, ChatGPT has taken the world by storm. NZIER’s latest Insight is the first in a two-part series that explores the potential impacts of this powerful new technology, focusing on economic theories and emerging evidence. https://hubs.ly/Q02-s6HC0

New work by NZIER describes the challenges that indigenous forests face from market forces and government decisions. Improving the Emissions Trading Scheme, accounting for biodiversity, and continuing the work with freshwater policy are all ways to support indigenous forests and improve wellbeing in New Zealand. https://lnkd.in/gRg-PtcH

We have a winner! Thank you to everyone who participated in our 2024 Summer Reading List for the Prime Minister Giveaway. We’re excited to announce that the winner is... Patrick O'Rourke Please email [email protected] to arrange the delivery of your prize.

The New Zealand Institute of Economic Research (NZIER), in partnership with BusinessDesk NZ, has released its Summer Reading List for the Prime Minister for 2024. Find out more about the books here: https://hubs.ly/Q02ZK-cj0

RBNZ steps up the pace of monetary policy easing, Quarterly Predictions - December 2024 The continued easing of inflation pressures in the New Zealand economy has allowed the Reserve Bank of New Zealand (RBNZ) to ramp up its pace of interest rate cuts. Annual CPI inflation is back within its 1 to 3 percent inflation target band, and indicators point to a further easing in broader inflation pressures. Link to the media release https://hubs.ly/Q02ZtnpQ0