The second meeting of the NZESG was held at the Reserve Bank of New Zealand in Wellington
21 October 1997. The one-day meeting was attended by over 30 econometricians and, as was
the case for our first meeting, attracted significant international participation. We
thank all participants for supporting the NZESG. The five papers presented addressed
theoretical and applied topics in both cross-sectional and time series contexts. These
papers provided the basis for extensive and fruitful discussions which traversed many
technical and conceptual issues.
The closing session was a panel discussion on macroeconometric modelling. The session
was initiated by a presentation from Alasdair Scott of the Reserve Bank who described the
Bank’s new Forecasting and Policy System (FPS) model. The panelists offered
insightful and helpful commentaries on this model and its relationship to other
macroeconometric models. A wide ranging discussion ensued with much audience
participation.
The NZESG is grateful to the Reserve Bank for its support of this meeting and the
ongoing activities of the group. We look forward to further support from the Bank in
future.
A full program of this meeting and details of other activities of the NZESG can be
obtained on our Auckland web site at the following URL:
http://www.econ.auckland.ac.nz/researchfold/nzesg.htm
Peter C.B. Phillips |