Chris McDonald visited the BIS from the Reserve Bank of New Zealand, where he spent his time in the Economics department at the RBNZ, forecasting and modeling the New Zealand economy. Prior to this, he studied Economics at Otago University. His main interest is in the field of empirical (time-series) modeling. His work covers a range of topics, including the effects of imposing LVR restrictions, the role of migration in the NZ housing market, and explaining NZD exchange rate movements. He has also been involved in the construction and implementation of a DSGE model used to underpin the RBNZ's forecasts.