01501cas a2200241 a 4500 AALejournalIMF006491 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455200870 1018-5941 BD-DhAAL BD-DhAAL Schule, Werner. The Potential Contribution of Fiscal Policy to Rebalancing and Growth in New Zealand / Werner Schule. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (24 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Simulations with the Fund's GIMF model show that raising government savings in New Zealand permanently by 1 percent of GDP is likely to improve the current account balance by about 1\2 percent of GDP. The way government savings are achieved matters for GDP but little for the current account. However, results are sensitive to changes in the risk premium. Fiscally neutral changes in taxes and expenditures can raise output in the long run. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2010/128 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/128/001.2010.issue-128-en.xml IMF e-Library