Goldman Sachs' Boak on RBNZ Policy

Goldman Sachs' Boak on RBNZ Policy

Assessment

Interactive Video

Business, Life Skills

University

Hard

Created by

Wayground Content

FREE Resource

The video discusses the economic outlook for Australia and New Zealand, focusing on the potential for a soft landing amid inflation challenges. It examines the transmission of monetary policy, highlighting wealth effects and house price adjustments. The role of the Reserve Bank of New Zealand (RBNZ) is explored, emphasizing its aggressive stance to manage inflation and wage growth. The discussion includes the impact of supply chain disruptions and the tight labor market on inflation in New Zealand.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the unique features supporting economic stability in Australia and New Zealand?

High unemployment rates

Weak financial buffers

Strong population growth

Decreasing lending standards

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is monetary policy primarily transmitted in Australia and New Zealand?

Through changes in interest rates

Via wealth effects from house price changes

By increasing government spending

Through direct subsidies to households

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a significant concern for policymakers regarding debt servicing in Australia?

Decrease in household savings

Increase in debt servicing ratio

Reduction in government debt

Stability of the housing market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What has been Governor Adrian Orr's approach to monetary policy at the RBNZ?

Cautious and slow

Minimal and conservative

Aggressive and front-loaded

Reactive and delayed

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key factor contributing to high inflation in New Zealand?

Low commodity prices

Wage-price spiral

Decreasing rents

Weak labor market

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does the RBNZ need to continue aggressive policy measures?

To reduce unemployment

To contain wages growth and inflation expectations

To increase exports

To stabilize the currency

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economic condition is particularly worrying for New Zealand policymakers?

High unemployment rate

Strong wages growth

Decreasing inflation

Weak housing market