Arthur Grimes
Senior Fellow
Arthur has a BSocSc(Hons) from University of Waikato, and completed his PhD in Economics at the London School of Economics in 1987. He is currently Senior Fellow at Motu Research, Chair of the Board of the Reserve Bank, Chair of the Hugo Group and Adjunct Professor of Economics at the University of Auckland.
He previously had prominent roles as Director of the Institute of Policy Studies, Victoria University of Wellington, and at the Reserve Bank of New Zealand and National Bank of New Zealand. In 2005, Arthur was awarded the prestigious NZIER Economics Award.
Arthur also performs in his jazz-band (Percolator): www.myspace.com/PercolatorNZ
Curriculum Vitae (PDF 95KB)
Email Arthur Grimes
Publications
Grimes, Arthur. 2003. "Economic Growth and the Size and Structure of Government: Implications for New Zealand," Motu Working Paper 03-10.
- Grimes, Arthur and Andrew Aitken. 2004 "What’s the Beef with House Prices: Economic Shocks and Local Housing Markets," Motu Working Paper 04-08.
- Grimes, Arthur; Robert Sourell and Andrew Aitken. 2005. "Regional Variation in Rental Costs For Larger Households," Motu Working Paper 05-02.
Fabling, Richard and Arthur Grimes. 2003. "Insolvency and Economic Development: Regional Variation and Adjustment," Motu Working Paper 03-18.
Grimes, Arthur. 2005. "Regional and Industry Cycles in Australasia: Implications for a Common Currency," Motu Working Paper 05-04.
- Grimes, Arthur; Andrew Aitken and Suzi Kerr. 2004. "House Price Efficiency: Expectations, Sales, Symmetry," Motu Working Paper 04-02.
Grimes, Arthur. 2005. "Intra and Inter-Regional Industry Shocks: A New Metric with an Application to Australasian Currency Union," Motu Working Paper 05-03.
- Grimes, Arthur; Suzi Kerr and Andrew Aitken. 2004. "Bi-Directional Impacts of Economic, Social and Environmental Changes and the New Zealand Housing Market," Motu Working Paper 04-09.
- Grimes, Arthur; Suzi Kerr and Andrew Aitken. 2003. "Housing and Economic Adjustment," Motu Working Paper 03-09.
Grimes, Arthur. 2004. "New Zealand: A Typical Australasian Economy?" Motu Working Paper 04-11.
Kerr, Suzi; Andrew Aitken and Arthur Grimes. 2004. "Land Taxes and Revenue Needs as Communities Grow and Decline: Evidence from New Zealand," Motu Working Paper 04-01.
- Holmes, Mark J. and Arthur Grimes. 2005. "Is There Long-Run Convergence of Regional House Prices in the UK?," Motu Working Paper 05-11.
- Grimes, Arthur; David C. Maré and Melanie Morten. 2006. "Defining Areas: Linking Geographic Data in New Zealand," Motu Working Paper 06-07.
- Grimes, Arthur and Andrew Aitken. 2007. "House Prices and Rents: Socio-Economic Impacts and Prospects," Motu Working Paper 07-01.
- Grimes, Arthur and Andrew Aitken. 2006. "Housing Supply and Price Adjustment," Motu Working Paper 06-01.
Grimes, Arthur and Yun Liang. 2007. "Spatial Determinants of Land Prices in Auckland: Does the Metropolitan Urban Limit Have an Effect," Motu Working Paper 07-09.
Grimes, Arthur and James Rolfe. 2002. "Optimal Defence Structure for a Small Country," Defence and Peace Economics, 13:4, pp. 271-286.
Grimes, Arthur; David C Maré and Melanie Morten. 2007. "Adjustment in Local Labour and Housing Markets," Motu Working Paper 07-10.
- Grimes, Arthur and Yun Liang. 2007. "An Auckland Land Value Annual Database," Motu Working Paper 07-04.
Grimes, Arthur. 2002. "Managing Small Open Economies: Exchange Rate Systems and Real Sector Shocks" in Globalization and the Asia Pacific Economy, Kyung Tae Lee, Ed. London: Routledge, pp. 226-244.
- Grimes, Arthur; Andrew Aitken, Ian Mitchell and Vicky Smith. 2006. "Housing Supply in the Auckland Region 2000-2005," Centre for Housing Research Aotearoa New Zealand, Department of Building and Housing, Housing New Zealand Corporation, Wellington.
McCluskey, William; Arthur Grimes and Jason Timmins. 2002. "Property Taxation in New Zealand," Lincoln Institute of Land Policy Working Paper WP02WM1.
- Grimes, Arthur and Andrew Aitken. 2006. "Nelson, Tasman and Marlborough Housing: Regional Context and Characteristics." Centre for Housing Research Aotearoa New Zealand, Department of Building and Housing, Housing New Zealand Corporation, Wellington.
- Grimes, Arthur and Andrew Aitken. 2006. "How Does Nelson, Tasman and Marlborough Housing Adjust?" Centre for Housing Research Aotearoa New Zealand, Department of Building and Housing, Housing New Zealand Corporation, Wellington.
- Grimes, Arthur; Suzi Kerr, Andrew Aitken and Robert Sourell. 2006. "The Housing Fulcrum: Balancing Economic and Social Factors in Housing Research and Policy," Kotuitui: New Zealand Journal of Social Sciences Online, 1, pp. 65-79.
Björksten, Nils; Arthur Grimes, Özer Karagedikli and Christopher Plantier. 2003. "What Can the Taylor Rule Tell Us About a Currency Union Between New Zealand and Australia?" Reserve Bank of New Zealand Discussion Paper DP2004/05 (June).
Grimes, Arthur and Richard Fabling. 2005. "Insolvency and Economic Development," Journal of Economics and Business, 57:4, pp. 339-359.
- Grimes, Arthur and Andrew Aitken. 2006 "Regional Housing Markets in New Zealand: House Price, Sales and Supply Responses," Centre for Housing Research Aotearoa New Zealand, Department of Building and Housing, and Housing New Zealand Corporation, Wellington.
McLuskey, William; Andrew Aitken, Arthur Grimes, Suzi Kerr and Jason Timmins. 2006. "Rating Systems in New Zealand: An Empirical Investigation into Local Choice," Journal of Real Estate Literature, 14:3, pp. 381-397.
Singleton, John; Arthur Grimes, Gary Hawke and Sir Frank Holmes. 2003. "Progress Report on the New History of the Reserve Bank of New Zealand," Australian Economic History Review, 43:1, pp. 83-88.
Grimes, Arthur. 2005. "New Zealand: A Typical Australasian Economy?" in The Visible Hand: The Changing Role of the State in New Zealand, Andrew Ladley and John Martin, Eds. Wellington: Institute of Policy Studies.
Grimes, Arthur. 2006. "Intra and Inter-Regional Industry Shocks: A New Metric with Application to Australasian Currency Union," New Zealand Economic Papers, 40:1, pp 23-44.
Grimes, Arthur; John Singleton, Gary Hawke and Frank Holmes. 2005. "Twenty Years of Modernisation: The Reserve Bank of New Zealand", in Central Bank Modernisation, N. Courtis and P. Nicholl, Eds. London: Central Bank Publications, pp.167-182.
- Grimes, Arthur, Lydia Wevers and Ginny Sullivan Eds. 2002. States of Mind: Australia and New Zealand 1901-2001, Wellinton: Institute of Policy Studies.
Grimes, Arthur. 2002. "Living Arrangements for the Tasman Currencies: De Facto Partners, Legal Marriage or Just Good Friends" in States of Mind: Australia and New Zealand 1901-2001, Arthur Grimes, Lydia Wevers & Ginny Sullivan, Eds. Wellington: Institute of Policy Studies, pp. 271-291.
Grimes, Arthur. 2003. "Economic Growth and the Size and Structure of Government: Implications for New Zealand," New Zealand Economic Papers. 37:1, pp. 151-174.
Grimes, Arthur. 2002. "Why are New Zealanders so Wealthy?" Competition and Regulation Times, 9 (Nov), pp. 4-5. New Zealand Institute for the Study of Competition and Regulation Inc, Wellington.
Singleton, John; Arthur Grimes, Gary Hawke and Frank Holmes. 2006. Innovation in Central Banking: A History of the Reserve Bank of New Zealand, Auckland: Auckland University Press.
Björksten, Nils; Özer Karagedikli, Christopher Plantier and Arthur Grimes. 2004. "What Does the Taylor Rule Say About New Zealand-Australia Currency Union?" Economic Record, 80:1, pp. S34-S42.
Grimes, Arthur. 2006. "A Smooth Ride: Terms of Trade, Volatility and GDP Growth," Journal of Asian Economics, 17:4, pp. 583-600.
- Arthur Grimes; Suzi Kerr and Andrew Aitken. 2003. "House Prices and Regional Adjustment," New Zealand Geographical Society 22nd Conference Proceedings, pp. 238-241.
Claus, Iris and Arthur Grimes. 2003 "Asymmetric Information, Financial Intermediation and the Monetary Transmission Mechanism: A Critical Review," New Zealand Treasury Working Paper 03/19 (September).
Grimes, Arthur. 2005. "Regional and Industry Cycles in Australasia: Implications for a Common Currency," Journal of Asian Economics, 16:3, pp.380-397.
Grimes, Arthur; Frank Holmes and Roger Bowden. 2000. An ANZAC Dollar: Currency Union and Business Development, Wellington: Institute of Policy Studies.
Grimes, Arthur; Suzi Kerr and Andrew Aitken. 2003. "Housing and Structural Adjustment," Centre for Housing Research, Aotearoa New Zealand, Department of Building and Housing, Housing New Zealand Corporation, Wellington. Also published as Motu Working Paper 03-09.
- Crawford, Ron; Richard Fabling, Arthur Grimes and Nick Bonne. 2007. "National R & D and Patenting: Is New Zealand an Outlier?" New Zealand Economics Papers, 41:1, pp. 69-90.
Hess, Kurt; Arthur Grimes and Mark Holmes. 2008. "An Exploration of Measures to Assess a Bank's Credit Loss Experience," Journal of International Finance and Economics, 8:1, pp. 1-13.
Grimes, Arthur; John Singleton, Gary Hawke and Frank Holmes. 2008. "Reforming a Small Central Bank: The Reserve Bank of New Zealand," Chung-Hsing Journal of History, forthcoming (in Mandarin).
Grimes, Arthur. 2007. "Capital intensity and welfare: National and International determinants," MED Occasional Paper 07-03.
Grimes, Arthur and Richard Fabling. 2007. "HR Practices and Firm Performance: What Matters and Who Does it?" MED Ooccasional Paper 07-02.
- Grimes, Arthur and Yun Liang. 2008. "Bridge to Somewhere: The Value of Auckland's Northern Motorway Extensions," Motu Working Paper 08-07.
Grimes, Arthur. 2007. "Transformative Transport: Transport and Economic Transformation," paper presented at Transport - The Next 50 Years conference, Christchurch, July 2007.
Hess, Kurt; Arthur Grimes and Mark Holmes. 2008. "Credit Losses in Australasian Banking", Working Paper 08/10, Department of Economics, University of Waikato.
Grimes, Arthur. 2007. "Trans-Tasman Shocks: A Mediating Role For The NZDAUD," New Zealand Economics Papers, 41:2, pp. 237-250.
Grimes, Arthur and Andrew Aitken. 2008. "Water, Water Somewhere: The Value of Water in a Drought-Prone Farming Region," Motu Working Paper 08-10.
Grimes, Arthur. 2008. "The Role of Infrastructure In Developing New Zealand's Economy," paper presented to Institute of Policy Studies Spring 2008 Lecture Series: New Zealand: Future Maker or Future Taker? Wellington, 16 September.
Fabling, Richard; Arthur Grimes and Philip Stevens. 2008. "A Comparison of Qualitative and Quantitative Firm Performance Measures," MED Occasional Paper 08-04, Ministry of Economic Development, Wellington, New Zealand.
- Holmes, Mark J. and Arthur Grimes. 2008. "Is There Long-Run Convergence of Regional House Prices in the UK?" Urban Studies, 45:8, pp. 1531-44.
Fabling, Richard and Arthur Grimes. 2008. "Do Exporters Cut the Hedge? Who Hedges and Why," Ministry of Economic Development Occasional Paper 08/02.
Grimes, Arthur and Richard Fabling. 2007. "Practice Makes Profit: Business Practices and Firm Success," Small Business Economics, 29:4, pp. 383-399.
Grimes, Arthur. 2007. "Impacts of Land Availability, Housing Supply and Planning Infrastructure on New Zealand House Prices," paper presented to The Treasury & The Reserve Bank of New Zealand Conference: The Business Cycle, Housing and the Role of Policy, Wellington, December 2007.
Grimes, Arthur. 2009. 'The Role of Infrastructure in Developing New Zealand's Economy,' Motu Note #1.
Grimes, Arthur. 2009. 'The Role of Infrastructure in Developing New Zealand's Economy,' Auckland Public Policy Seminar Series, March.
Grimes, Arthur, Lydia Wevers and Ginny Sullivan Eds. 2002. States of Mind: Australia and New Zealand 1901-2001. Wellington: Institute of Policy Studies.
Grimes, Arthur and Chris Young. 2009. "Spatial Effects of 'Mill' Closures: Does Distance Matter?" Motu Working Paper 09-12, Motu Economic and Public Policy Research, Wellington.
Grimes, Arthur and Chris Young. September 2009. "Pacific Peoples' Homeownership in New Zealand," Motu Note #3.
Coleman, Andrew and Arthur Grimes. 2009. "Fiscal, Distributional and Efficiency Impacts of Land and Property Taxes," Motu Working Paper 09-14.
Grimes, Arthur; Cleo Ren and Philip Stevens. 2009. "The Need for Speed: Impacts of Internet Connectivity on Firm Productivity," Motu Working Paper 09-15.
Grimes, Arthur, David C. Maré and Melanie Morten. 2009. "Defining areas and linking geographical data: an example from New Zealand," Population, Space and Place, 16:2, 165-170.
Roskruge, Matthew; Arthur Grimes, Philip McCann and Jacques Poot. 2010. "Social capital and regional social infrastructure investment: Evidence from New Zealand," Motu Working Paper 10-03.
Grimes, Auckland. 2010. "Is Auckland a knowledge economy?" Auckland Public Policy Seminar Series, May.
Grimes, Arthur. 2010. "Motu FRST Infrastructure Programme: Key Findings & New Questions," IPS/Motu Infrastructure Workshop, July.
Grimes, Arthur. 2010. "The Economics of Infrastructure Investment: Beyond Simple Cost Benefit Analysis". Motu Working Paper 10-05.
Cochrane, William, Arthur Grimes, Philip McCann & Jacques Poot. "The Spatial Impact of Local Infrastructural Investment in New Zealand". Paper presented to North American Regional Science Conference, November 2009.
Fabling, Richard and Arthur Grimes. 2010. "Cutting the hedge: Exporters' dynamic currency hedging behaviour," Pacific-Basin Finance Journal, 18, (3), pp. 241-53.
Howell, Bronwyn & Arthur Grimes. 2010. "Productivity Questions for Public Sector Fast Fibre Network Financiers", Communications and Strategies 78:2, pp. 127-45.
Grimes, Arthur and Andrew Aitken. 2010. "Housing Supply, Land Costs and Price Adjustment", Real Estate Economics 38:2, pp. 325-53.
Grimes, Arthur. 2010. "Capital Intensity and Welfare: Traded and Non-Traded Sector Determinants", New Zealand Economic Papers, 43(1), 21-39.
Grimes, Arthur & Yun Liang. 2010. "Spatial Determinants of Land Prices: Does Auckland's Metropolitan Urban Limit Have an Effect?", Applied Spatial Analysis and Policy 2:1, pp. 23-45.
Grimes, Arthur; Mark Holmes and Nicholas Tarrant. 2010. "New Zealand Housing Markets: Just a Bit-Player in the A-League?". Motu Working Paper 10-07.
Grimes, Arthur and Chris Young. 2010. "A Simple Repeat Sales House Price Index: Comparative Properties Under Alternative Data Generation Processes," Motu Working Paper 10-10.
Grimes, Arthur and Chris Young. "Anticipatory Effects of Rail Upgrades: Auckland's Western Line 2010," Motu Working Paper 10-11.
Cochrane, William; Arthur Grimes; Phillip McCann and Jacques Poot. 2010. "The Spatial Impact of Local Infrastructural Investment in New Zealand," Motu Working Paper 10-12.
Olssen, Alex; Hugh McDonald; Arthur Grimes and Steven Stillman. 2010. "A State Housing Database: 1993-2009," Motu Working Paper 10-13.
Grimes, Arthur. January 2011. "Strategic Transport Choices," Motu Note #5.
Roskruge, Matthew, Arthur Grimes, Philip McCann & Jacques Poot. 2011. "Homeownership and Social Capital in New Zealand," Motu Working Paper 11-02
Bergstrom, Katy, Arthur Grimes and Steve Stillman. 2011. "Does Selling State Silver Generate Private Gold? Determinants and Impacts of State House Sales and Acquisitions in New Zealand," Motu Working Paper 11-03.
Fabling, Richard, Arthur Grimes and Lynda Sanderson. 2011. "Any Port in a Storm? The Impact of New Port Infrastructure on New Zealand Exporter Behaviour," Reserve Bank of New Zealand Discussion Paper DP2011/01, Reserve Bank of New Zealand, Wellington. Available online at http://www.rbnz.govt.nz/research/discusspapers/dp2011.html
Grimes, Arthur. 2011. "Making Multiple Places into a Place: Infrastructure Governance and Planning in Auckland," in Investing in Better Places: International Perspectives, Sharon Chisholm, Ed. London: The Smith Institute, pp. 69-78.
Grimes, Arthur, Jason Le Vaillant and Philip McCann. 2011. "Auckland's Knowledge Economy: Australasian and European Comparisons," MED Occasional Paper 11/02, Ministry of Economic Development, Wellington. Available online from http://www.med.govt.nz/about-us/publications/publications-by-topic/occasional-papers/11-02-pdf/view
Grimes, Arthur. 2011. "Warming Up New Zealand: Impacts of the New Zealand Insulation Fund on Household Energy Use," New Zealand Association of Economists Annual Conference, Wellington, 29 June-1 July 2011.
Roskruge, Matthew, Arthur Grimes, Philip McCann and Jacques Poot. 2011. "Immigrant Integration and Social Capital Formation," New Zealand Association of Economists Annual Conference, Wellington, 29 June-1 July 2011. Available online from http://www.nzae.org.nz/conferences/2011/programme.html.
Maré, David C., Arthur Grimes and Melanie Morten. 2009. "Adjustment in Local Labour and Housing Markets," Australasian Journal of Regional Studies, 15:2, pp. 229-248.
Grimes, Arthur. 2011. "Looking Forward After the Quake," Motu Research Update 20, pp. 4-5
- Grimes, Arthur, and Chris Young. 2010. "Anticipatory Effects of Rail Upgrades," Motu Research Update 19, p. 8.
- Grimes, Arthur. 2011. "Building Bridges: Treating a New Transport Link as a Real Option," European Regional Science Association Congress, Barcelona, 30 August-3 September 2011.
- Fabling, Richard, Arthur Grimes and Philip Stevens. 2012. "The Relatives are Fine: Use of Qualitative Firm Data in Economic Analysis," Applied Economics Letters, 19:7, pp. 614-8
- Grimes, Arthur, Steven Stillman and Chris Young. 2011. "Homeownership, Social Capital and Parental Voice in Schooling," Motu Working Paper 11-11, Motu Economic and Public Policy Research, Wellington.
Grimes, Arthur. 2011. "Building Bridges: Treating a New Transport Link as a Real Option," Motu Working Paper 11-12, Motu Economic and Public Policy Research, Wellington.
Grimes, Arthur, and Chris Young. 2011. "Spatial Effects of 'Mill' Closures: Does Distance Matter?" Australasian Journal of Regional Science 17:2, pp. 262–97.