In February 1985, journalists at the New Zealand Listener coined the term Rogernomics, a portmanteau of "Roger" and "economics" (by analogy with "Reaganomics"), to describe the neoliberal economic policies followed by Roger Douglas. Douglas served as Minister of Finance (1984–1988) in the Fourth Labour Government of New Zealand of 26 July 1984 to 2 November 1990. Rogernomics featured market-led restructuring and deregulation and the control of inflation through tight monetary policy, accompanied by a floating exchange-rate and reductions in the fiscal deficit.Douglas came from a background of Labour Party politics. His adoption of policies more usually associated with the political right (or New Right), and their implementation by the Fourth Labour Government, became the subject of lasting