Economic policy

Speech by Treasury Secretary Caralee McLiesh: Economic Policy for the Challenges Ahead

Treasury Secretary Dr Caralee McLiesh delivered the keynote address at the 62nd Annual Conference of the New Zealand Association of Economists (NZAE) in Wellington today.

In “Economic Policy for the Challenges Ahead,” Dr. McLiesh examines three key themes:

– Better metrics and deeper research that takes a big picture view of economic performance and productivity are key to navigating our complex environment.

– Our current and longer-term economic performance depends critically on resolving supply constraints. Although monetary and fiscal policies adjust and play their part in reducing demand to supply, reforms that boost productivity and increase the productive capacity of the economy are more important than they seem. have never been.

– We need to focus more on building economic resilience. Although there are a range of reforms that boost productivity and resilience, the discourse highlights regulatory policy as a key lever.

The speech is available on the Treasury website at https://www.treasury.govt.nz/publications/speech/economic-policy-challenges-ahead.

The Treasury has a strong attendance at this year’s NZAE annual conference. An overview of the Treasury papers and presentations at the conference is available in the latest issue of the quarterly newsletter Te Tai Ōhanga: https://bit.ly/3Osrw6p

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