Reserve Bank of New Zealand

The Reserve Bank of New Zealand appears in Our mission: Find the world’s best economic ideas (Summer School World Tour) as the institution where Arthur Grimes helped design modern Inflation Targeting and Don Brash implemented the hard disinflation. The episode treats it as the central-bank laboratory that influenced later inflation targets elsewhere.

The institution matters because the source links central-bank credibility to public expectations. A target could work only if workers, businesses, and markets believed the bank would act consistently enough to make low inflation a plausible equilibrium.

Connections

• New Zealand / 新西兰 - country setting.
• Arthur Grimes and Don Brash - design and implementation figures.
• Inflation Targeting, Multiple Equilibria, Central Bank Independence, and Inflation Bias - concepts connected to the episode.