The Treasury - New Zealand

Join us virtually or in person on Wednesday 8 May for a seminar by OECD Chief Economist Clare Lombardelli. Clare Lombardelli will present an overview of the lessons drawn from the latest literature on productivity growth and its policy dimensions, with a focus on three key themes: - the determinants of productivity growth and its dispersion between leading and laggard firms, - the role of technology diffusion, and in particular Artificial Intelligence (AI) diffusion, in the context of an aging population, - the role of human capital, skill mismatches, and labour shortages for productivity dynamics. Drawing on empirical evidence and policy insights, the presentation will touch on opportunities for long-term growth, as well as potential risks for the level-playing field and inclusive economic development. This seminar will be the closing session of the Treasury Guest Lecture Series under the ‘Productivity in a Changing World’ theme and will be introduced by Dominick Stephens, Treasury’s Deputy Secretary and Chief Economic Adviser. Date and time: Wednesday 8 May, 1:30 - 3pm NZST Location: Online, or in person at The Treasury, Level 3, 1 The Terrace, Wellington If you would like to attend the seminar in person, please use this link to register: https://lnkd.in/gWWzdiz2 To register for virtual attendance, please use the link below: https://lnkd.in/gT8Bpc-V

Join us on Tuesday 7 May for our next Productivity in a Changing World seminar from Professor Dani Rodrik, Ford Foundation Professor of International Political Economy at the Harvard Kennedy School. After years on the periphery in economics, industrial policy is now the subject of an emerging strand of research. In this virtual seminar, Professor Rodrik will provide a productive overview of how this complex policy works. Our guest speaker will evaluate the standard rationales and critiques of industrial policy against the new empirical approaches to measurement, as presented in the recent paper 'The New Economics of Industrial Policy' he co-authored with R. Juhasz and N. J. Lane. Professor Rodrik will conclude by reviewing how industrial policy is being reshaped by a new understanding of governance, a richer set of policy instruments beyond subsidies, and the reality of deindustrialisation. This seminar will be introduced by Caralee McLiesh, Treasury Secretary and Chief Executive. Date and time: Tuesday 7 May 2024, 9:30 AM - 10:30 AM NZST Location: Online You can register for this event via the link below. https://lnkd.in/gdfSnnWf

This morning, we co-hosted the 'Treasury Guest Lecture Series: Special Auckland Seminar with Rui C. Mano'. Rui shared insights from the International Monetary Fund's April 2024 World Economic Outlook, giving an overview of key global economic trends and highlighting the role of housing and mortgage markets in monetary policy transmission.   Thank you to everyone who attended and to The Treasury - New Zealand for co-hosting this event with us.   Rui Mano Dominick Stephens Gail Pacheco

CROWN VACANCY on the ‘NOMINATING COMMITTEE’ FOR THE GUARDIANS OF NEW ZEALAND SUPERANNUATION We are seeking applications from candidates with good connections and established networks within NZ’s and international investment industry to fill a vacancy on the Nominating Committee for the Guardians of the New Zealand Superannuation. Candidates must have proven experience in Crown and investment governance, conflict management and dispute resolution, and experience in best practice board recruitment is an advantage. Applications close on 17th May 2024. For more details and to apply go to https://lnkd.in/g9ARA9Th  #governance #boards #financial #recruitment #investments

Join us for this special Auckland Treasury Guest Lecture Series seminar on 2 May. Twice every year, the International Monetary Fund (IMF) publishes its World Economic Outlook (WEO), which presents analyses of global economic developments during the near and medium term. Individual analytical chapters of this report give an overview as well as more detailed analysis of the world economy, consider issues affecting industrial countries, developing countries, and economies in transition to market, and address topics of pressing current interest. In this seminar, Rui C. Mano, a Deputy Division Chief in the IMF’s Research Department, will present an overview of the latest April 2024 WEO with the particular emphasis on the outlook for the global economy and on the role of housing and mortgage markets for monetary policy transmission. This in-person only seminar will provide the audience with a chance to engage in a discussion with Rui. Light lunch and a networking opportunity will also be provided. This event is organised in partnership with the New Zealand Policy Research Institute, Auckland University of Technology. When: Thursday 2 May 2024, 11am-12.30pm NZST Where: AUT - Sir Paul Reeves Building - WG Building, 2 Governor Fitzroy Place, Room WG308 - Te Iringa Conference Centre, Auckland Register for this event via the link below. https://lnkd.in/g8yizGay

This Friday is our next Treasury Guest Lecture Series seminar with Erik Berglöf, Chief Economist of the Asian Infrastructure Investment Bank (AIIB), who we are fortunate to have joining us in person in Wellington. With biodiversity declining faster than at any time in human history, nature’s resilience is being severely eroded. Preserving nature and biodiversity is now seen as important as, and closely related to, climate change mitigation and adaptation. There are many opportunities to leverage nature as infrastructure, integrate nature-based solutions into infrastructure development. When: Friday, 12 April 2024 11.00AM - 12.15PM NZDT Where: The Treasury, Level 3, 1 The Terrace, Wellington, and also online For virtual attendance, please register via the following link: https://lnkd.in/gsw96JiE To attend in person, please register via the following link: https://lnkd.in/gVHufdja

BOARD VACANCY - THE NETWORK FOR LEARNING LTD: On behalf of shareholding Ministers, we invite applications from people with core governance skills (risk management, leadership and financial management), experience in stakeholder engagement, the development and delivery of technology based services, change management, and an understanding or background in the education sector. If you think you have what it takes and can bring valuable perspectives to the N4L Board, check out the application details https://lnkd.in/g52rb_eZ before they close on Monday 15 April 2024.

Applications for Te Tai Ōhanga – The Treasury’s highly regarded Graduate Analyst programme are open for two more weeks.   See below to apply now. Applications close 11.55pm, Friday 12 April 2024.   Shape tomorrow - for you and Aotearoa New Zealand.   https://lnkd.in/gyihRtXV

We are looking forward to next Wednesday's Productivity in a Changing World seminar, with Professor Davud Rostam-Afschar from the University of Mannheim. A key challenge of our time is the secular decline in economic growth around the world. In this seminar, Professor Davud Rostam-Afschar will discuss the role of factors in product and labour markets that contribute to this challenge and explore opportunities identified by economic research that may help get the economy back on track to prosperity. In addition, Davud will consider ways of organising product and labour markets in light of technological progress. Digital technologies and artificial intelligence change the way we work and do business. They may threaten jobs, but they could also help boost productivity. Our guest speaker will be addressing how these new technologies can be leveraged for the benefit of businesses, workers, and consumers. When: Wednesday, 27 March 2024 10.30AM - 12.00PM NZDT Where: Momentum Consulting, Level 8, Simpl House, 40 Mercer Street, Wellington, and also online For virtual attendance, please register via the following link: https://lnkd.in/edBT7kYe To attend in person, please register via the following link: https://lnkd.in/ecge9wuy

In a recent speech at the New Zealand Economics Forum, Secretary to the Treasury Caralee McLiesh talked about the changing fiscal realities facing policymakers and why the Treasury believes a period of fiscal tightening is required now. She also discussed how our fiscal institutions could evolve to meet immediate and longer-term challenges. A copy of the speech is available on the Treasury website. https://lnkd.in/gd6a4kzF