When US President John F. Kennedy approved the Bay of Pigs invasion in 1961, he relied on advice from his staff, the defence force and the secret service. Read more
These are strange times, even for economists. Fearmongers are urging governments to pump up their spending in order to maintain economic activity. Read more
They say you should never let a good crisis go to waste. New Zealand’s employment figures currently look superb. Read more
Earlier this week the Reserve Bank dropped the official cash rate by 50 base points to one percent - citing slow GDP growth over the past year and declining international trade. But what does this actually mean? Read more
Alan Duff’s latest book – A Conversation with My Country: Where we have come from. Where we can go. Read more
Eighties glam-metal band Cinderella taught us we don't know what we've got until it's gone. But it can be harder to know what you could have had if you never had it at all. Read more
When the smallish Skatbank, a direct bank based in Germany’s east, started charging its wealthy private depositors interest in November 2014, it made international headlines. It was the first German bank to do so, and negative interest rates were still regarded as a ridiculous aberration. Read more
On Wednesday 7 August, the Reserve Bank is likely to cut the OCR to a new record low of 1.25%. Kiwibank economists are already predicting that the OCR could be slashed even further to 0.75% next year. Read more
Jacob Rees-Mogg is the quintessential English conservative. The so-called ‘honourable member for the 18th century’ has a taste for double-breasted jackets and vernacular pedantry. Read more
A collegial relationship between Treasury and the Reserve Bank is a good thing in principle. Monetary and fiscal policy remain the most important levers of economic policy, and the two institutions in charge of those levers need to exchange their views. Read more
Just on the horizon is the promise of better management of student data and the potential for better research on New Zealand school performance. Better data and insights are invariably the precursor to improvement and better outcomes for students. Read more
As of this week, the American economy has been growing for 121 months, the longest since records began in 1854. On the back of it, the global economy – including New Zealand’s – has been sailing through calm waters. Read more
If there’s one line in the 1967 classic film The Graduate that has aged poorly, it might be Mr McGuire’s advice to a young Dustin Hoffman to find his future in plastics. Now, just over 50 years later, plastics are more commonly cast as retro at best, and an environmental menace otherwise. Read more
Dear Minister of Finance, I am writing to apply for the position of Lead Economic Advisor to the Government, a position held by The Treasury since the 1940s. Please find enclosed my CV with references. Read more
The government has released its Road to Zero consultation document, laying out a Vision Zero approach aiming for “no one is killed or seriously injured in road crashes”. A zero-road toll pledge may be a good soundbite, but not a good policy prescription. Read more