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Economics
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Fiscal responses to shocks need to be targeted and temporary

Monetary policy is easier to reverse than fiscal policy, Treasury’s chief economic adviser Dominick Stephens says.

The Treasury has released a draft report considering the fiscal responses to shocks like the Covid-19 pandemic.

Brent Edwards Thu, 10 Apr 2025

The Treasury’s framework for dealing with economic shocks makes it clear that monetary policy should do the heavy lifting.

In its draft 2025 Long-Term Insights Briefing – Te Ara Mokopuna, the Treasury lays out the conditions under which fiscal support should be given in the event of a

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Brent Edwards Thu, 10 Apr 2025
Contact the Writer: brent@nbr.co.nz
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Fiscal responses to shocks need to be targeted and temporary
Economics,
108643
true