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New Zealand Institute Of Economic Research
The New Zealand Institute of Economic Research (NZIER) is the largest independent think tank in New Zealand. It is non-profit incorporated society and was established in 1958. It seeks to take a centrist, politically neutral position. It has a staff of more than 30 people and is probably the largest economic research unit in New Zealand outside of government. Most of its work is commercial microeconomic consultancy for businesses. It also does public good work. Past directors include Alan Bollard and Brian Easton, and a past chair was Ron Trotter. The Institute owns a MONIAC computer that is currently on loan to the Reserve Bank of New Zealand The Reserve Bank of New Zealand (RBNZ, mi, Te Pūtea Matua) is the central bank of New Zealand. It was established in 1934 and is constituted under the Reserve Bank of New Zealand Act 1989. The governor of the Reserve Bank is responsible for N ... museum. References External linksNew Zealand Institute of Economic ResearchThe evolv ...
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Think Tank
A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmental organizations, but some are semi-autonomous agencies within government or are associated with particular political parties, businesses or the military. Think-tank funding often includes a combination of donations from very wealthy people and those not so wealthy, with many also accepting government grants. Think tanks publish articles and studies, and even draft legislation on particular matters of policy or society. This information is then used by governments, businesses, media organizations, social movements or other interest groups. Think tanks range from those associated with highly academic or scholarly activities to those that are overtly ideological and pushing for particular policies, with a wide range among them in terms of th ...
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New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island country by area, covering . New Zealand is about east of Australia across the Tasman Sea and south of the islands of New Caledonia, Fiji, and Tonga. The country's varied topography and sharp mountain peaks, including the Southern Alps, owe much to tectonic uplift and volcanic eruptions. New Zealand's capital city is Wellington, and its most populous city is Auckland. The islands of New Zealand were the last large habitable land to be settled by humans. Between about 1280 and 1350, Polynesians began to settle in the islands and then developed a distinctive Māori culture. In 1642, the Dutch explorer Abel Tasman became the first European to sight and record New Zealand. In 1840, representatives of the United Kingdom and Māori chiefs ...
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Alan Bollard
Alan Esmond Bollard (born 5 June 1951) is a New Zealand economist. He currently serves as the as chair of the New Zealand Infrastructure Commission. He previously served as the Executive Director of the Asia Pacific Economic Cooperation (APEC) Secretariat for the period of 2013–2018, and as the Governor of the Reserve Bank of New Zealand for the period of 2002–2012. Early life Bollard was born in Auckland on 5 June 1951. His parents were Constance Mary () and Ted Bollard. He attended Owairaka Primary School, Wesley Intermediate School, and Mount Albert Grammar School. He gained a PhD in economics from the University of Auckland in 1977, and was awarded an honorary Doctor of Laws (LLD) by the same university in 2007. Career Bollard headed the New Zealand Institute of Economic Research from 1987–1994 and the Commerce Commission from 1994–1998. He subsequently spent four years as secretary to the Treasury, from 1998–2002. He subsequently served as the Governor of the ...
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Brian Easton (economist)
Brian Easton (born 1943) is an economist and historian from New Zealand. He was the economics columnist for the New Zealand Listener magazine for 37 years (1977–2014), giving him a high public profile nationally. He has held a number of university teaching posts and also works as an independent commentator. Easton is known for his criticism of economic orthodoxy. Background Easton was born in 1943 and grew up in Christchurch, New Zealand. He holds degrees in mathematics and economics from the University of Canterbury, and in economics from Victoria University of Wellington. Career Easton was director of the New Zealand Institute of Economic Research from 1981 to 1986. He is a Fellow of the Royal Statistical Society, a Chartered Statistician, and a Member of the Royal Society of New Zealand. Academia Easton has held a number of scholarships and fellowships including visiting fellowships at the University of Melbourne, as Richard Downing Research Professor, Georgetown and Har ...
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Ron Trotter
Sir Ronald Ramsay Trotter (9 October 1927 – 11 August 2010) was one of New Zealand's pre-eminent business leaders. He was knighted for his service to business in 1985. Early life and family Born in Hāwera on 9 October 1927, Trotter was the son of Annie Euphemia Trotter (née Young) and Clement George Trotter. He was educated at Wanganui Collegiate School, and went on to study at Victoria University College from 1945 to 1947, graduating Bachelor of Commerce, followed by a year at Canterbury Agricultural College where he completed a Certificate of Agriculture. In 1955, Trotter married Margaret Patricia Rainey, and the couple went on to have four children. Business career Trotter was instrumental in the formation of Fletcher Challenge Corporation in 1981, where he was the chief executive and chairman. Directorships and management roles *managing director and Chairman of Wright Stephenson and Co (1958–72) *Chairman and managing director Challenge Corporation (1970–1981) * ...
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MONIAC
The MONIAC (Monetary National Income Analogue Computer), also known as the Phillips Hydraulic Computer and the Financephalograph, was created in 1949 by the New Zealand economist Bill Phillips to model the national economic processes of the United Kingdom, while Phillips was a student at the London School of Economics (LSE). The MONIAC was an analogue computer which used fluidic logic to model the workings of an economy. The MONIAC name may have been suggested by an association of money and ENIAC, an early electronic digital computer. Description The MONIAC is approximately 2 m high, 1.2 m wide and almost 1 m deep, and consisted of a series of transparent plastic tanks and pipes which were fastened to a wooden board. Each tank represented some aspect of the UK national economy and the flow of money around the economy was illustrated by coloured water. At the top of the board was a large tank called the treasury. Water (representing money) flowed from the treasury ...
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Reserve Bank Of New Zealand
The Reserve Bank of New Zealand (RBNZ, mi, Te Pūtea Matua) is the central bank of New Zealand. It was established in 1934 and is constituted under the Reserve Bank of New Zealand Act 1989. The governor of the Reserve Bank is responsible for New Zealand's currency and operating monetary policy. The Bank's current Governor is Adrian Orr. Employees of the bank operate under the framework of a managerial hierarchy. The Reserve Bank of New Zealand does not offer financial services to the public nor does it offer deposit insurance, and its website refers people to other financial institutions. Ownership The Reserve Bank has been wholly owned by the New Zealand Government since 1936. The Reserve Bank is established by an Act of Parliament (the Reserve Bank of New Zealand Act 1989) and it has statutory independence. The Reserve Bank is accountable to Parliament and provides an annual dividend to the Government. Monetary policy Primary Functions The Reserve Bank's primary functio ...
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Think Tanks Based In New Zealand
In their most common sense, the terms thought and thinking refer to consciousness, conscious cognition, cognitive processes that can happen independently of sensory stimulation. Their most paradigmatic forms are judging, reasoning, concept formation, problem solving, and deliberation. But other mental processes, like considering an idea, memory, or imagination, are also often included. These processes can happen internally independent of the Sense#Sensory organs, sensory organs, unlike perception. But when understood in the widest sense, any mental event may be understood as a form of thinking, including perception and unconscious mental processes. In a slightly different sense, the term ''thought'' refers not to the mental processes themselves but to mental states or systems of ideas brought about by these processes. Various theories of thinking have been proposed, some of which aim to capture the characteristic features of thought. ''Platonists'' hold that thinking consists in ...
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Economy Of New Zealand
The economy of New Zealand is a highly developed free-market economy. It is the 51st-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 63rd-largest in the world when measured by purchasing power parity (PPP). New Zealand has a large GDP for its population of 5 million, and sources of revenue are spread throughout the large island nation. The country has one of the most globalised economies and depends greatly on international trade, mainly with Australia, Canada, China, the European Union, Japan, Singapore, South Korea, and the United States. New Zealand's 1983 Closer Economic Relations agreement with Australia means that the economy aligns closely with that of Australia. New Zealand's diverse economy has a sizable service sector, accounting for 63% of all GDP activity . Large-scale manufacturing industries include aluminium production, food processing, metal fabrication, wood and paper products. Mining, manufacturing, elec ...
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Economic Research Institutes
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howev ...
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