Hunt, Chris (2004), “Interpreting clause 4(b) of the Policy Targets Agreement: avoiding unnecessary instability in output, interest rates and the exchange rate”. Reserve Bank of New Zealand Bulletin, 67(2), pp.5-20. Kamber, Güneş, Özer Karagedliki and Christie Smith, “Applying an Inflation Targeting Lens to Macroprudential Policy ‘Institutions’”, International Journal of Central Banking, 11(S1), pp. 395-429.
Infrastructure investment projects may provide a means whereby a consistent real return over inflation can be attained through a low volatility investment vehicle. Private sector funding is, however, subject to policy certainty so that private investors can be assured that they will be able to realise a return on their investments.