Executive summary
Assessment and recommendations
Chapter 1. Adjusting towards a sustainable growth path
-Macroeconomic developments.
-Monetary and fiscal policies
-Structural factors behind macroeconomic imbalances
-Policies to promote more balanced growth
-Annex 1.A1. Progress in structural reforms
Chapter 2. Policies to rebalance housing markets
-Features of the housing boom
-The nature of housing demand
-Are households’ portfolios too concentrated in housing?
-The role of favourable tax policies
-The social housing sector
-Reducing supply
-Annex 2.A1. Housing-related taxation: Interest deductibility, imputed rent and capital gains tax
Chapter 3. How to move product market regulation back towards the frontier
-New Zealand’s long-run productivity performance continues to disappoint
-The regulatory framework needs to be top notch
-New Zealand’s regulatory advantage has been eroded away
-Policies to improve product market regulation
Chapter 4. Green growth and climate change policies
-Green growth – a long-run competitive advantage
-Sustainable development: growth within limits
-Climate protection