Reserve Bank Museum

Former Reserve Bank Governor Alan Bollard founded this museumfocused on the New Zealand economy, the role of central banking, and the production of currency.
It commemorates Bill Phillips the New Zealander who ‘discovered’ the famous curvewhich bears his name and became an essential tool for macroeconomic policy, linking unemployment rate and inflation rate.

Phillips' discovery followed from his pioneering work with the MONIAC, an hydraulic analogue computer. Built in the pre-digital post-war years when Phillips was at the LSE, it can be seen here.
Water flows are used to model the economy and investigate the relationships between macroeconomic variables such as consumption, taxes and government spending.

Bollard has chronicled the adventurous life of inventor and original thinker, Bill Phillips in his book, “A Few Hares to Chase - the life and economics of Bill Phillips."