Modelling within the Bank suggests that a fiscal expansion that boosts US GDP by 1 percent would increase New Zealand’s GDP by around 0.3 percent after 18 months. This increase in GDP results from higher commodity prices and expanded trade with the US and other regions benefiting from the US stimulus.
Jean-Claude Trichet: A paradigm change for the global financial system Remarks by Mr Jean-Claude Trichet, President of the European Central Bank, at the International Colloquium “Nouveau Monde, Nouveau Capitalisme” roundtable, Paris, 9 January 2009. *  *  *  Ladies and gentlemen, The current crisis stands out because it is affecting the heart of the global financial system.