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Wadestown, Wellington
New Zealand

Michael Dunn is the Managing Principal of Economic and Fiscal Consulting Limited (ECOFISC) which he founded in 2008. Michael has more than 20 years of experience in economic analysis and modelling, in revenue and fiscal forecasting, and in advising Governments in New Zealand and globally. 


New Zealand Experience

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Michael Dunn


This is an outline of some New Zealand roles in which Michael has gained analytical, advisory and management expertise and experience.

May to September 2014










January 2013 to
April 2014







April 2010 to July 2011







October 1992 to July 2004





Principal, Economic and Fiscal Consulting Limited

Based in Wellington, as the Principal Consultant for Ecofisc, Michael Dunn provided economic, fiscal and social impact analyses of political party policy proposals in the lead up to the General Election, for the New Zealand Taxpayers' Union Incorporated. [].

We reviewed party estimates of the proposed three-year spending programs for the National Party, Labour party, Green Party, Conservative Party and the ACT Party, along with an asseement of the revenue cost of the tax concessions proposed by the New Zealand First Party, and the forgiveness of student loan debts,universal student allowances and free tertiary education for New Zealand students. We provided adjusted cost figures for the Bribe-o-meter publised by the Taxpayers' Union.

We produced an independent analysis of the "Fair Reward for Fair Effort" policy of the Green Party - refuting their claim that a rapid escalation of the minimum wage from $14.25 per hour to $18 per hour (or to the living wage of $18.40 per hour) could be achieved at nil fiscal cost and without impacting upon future employment levles. This is published at:

We also produced an alternative cost and benefit analysis for the "KiwiPower" policy proposed by the Labour Party and adopted by the Green Party. We showed that the claimed offsetting benefits from lower power prices would be cancelled by the economic losses resulting from the reduced income of shareholders in the electricity generation companies. See:

Principal Economist / Senior Economist, New Zealand Institute of Economic Research Inc  (NZIER)     

Michael was responsible for securing project work, leading and contributing to projects, engaging external resources, mentoring junior staff, performing the research and analysis, writing reports and delivering results that met internal quality standards and client requirements in time and within client agreed budgets.

His client service work include a published consultation report on the wider economic impacts of the New Zealand Business Number, for the Ministry of Business, Innovation and Enterprise.

Michael led several other projects, including assignments for the Insurance Council of New Zealand on funding the Fire Service Levy, for Visa New Zealand, and for the National Library of New Zealand.

Senior Investment Analyst, Sector Policy, Policy Division, Ministry of Agriculture and Forestry

Michael's main role was to act as a specialist analyst and adviser in the review and selection of proposals from primary sector co-investors for joint funding of innovative development programs under the Pastoral Growth Partnership, with up to $70 million per year avaiable to fund qualifying multi-year projects. Hereviewed the financial standing of all applicants, and participated in the technical review process.

He acted as the MAF representative in several Working Groups of co-investors, which typically included producers, processors and Crown agencies, helping them to develop robust Business Cases that would be approved by the Investment Advisory Panel (all are now active).

Michael also developed a portfolio model, to track the changing balance of funding proposals and commitments across the primary sectors, on a multi-year basis, as proposals progresed to business cases and business cases progressed to contracts.

Manager, Forecasting and Analysis Unit, Policy Advice Division, Inland Revenue Department        

Michael  was responsible leading a team of financial analysts in forecasting government tax revenues, and income contingent social policy expenditures and revenues through thirty Budget, Half Year and pre-Election Economic and Fiscal Updates, serving twelve Ministers, numerous Deputy Ministers and two Treasurers.

Social programs included in IRD’s forecasts included successive forms of Family Assistance, Student Loan repayments, and Child Support receipts and payments. Some major policy initiatives that required detailed modelling and costing were the abolition of the Superannuation Surcharge, periodic changes to international tax regimes, the initial Working for Families package, tax rate increases in 1999, and Paid Parental Leave. Reforms to tax on savings and investments included GIFs and the PIE regime, while KiwiSaver is now part of the tax policy cost mix.