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To maximise wellbeing, important public policies and programmes must work. They should be rigorously evaluated to ensure that they have the intended effect, are efficient, and meet their objectives. Read more
Last week’s post-Covid fiscal and monetary policy workshop, hosted jointly by the Reserve Bank and Treasury, seemed designed to warm the policy economics community to higher levels of public debt. While low interest rates mean investment projects that might not normally make the grade can now stack up, stacking up debt builds its own fragility. Read more
Oliver Hartwich and Eric Crampton talk to Nelson-based immigration advisor Carsten Hallwass about New Zealand’s immigration settings and the effect of Covid-19. If you would like to listen to our latest podcasts, please subscribe to The New Zealand Initiative podcast on iTunes, Spotify or The Podcast App. Read more
The global pandemic has led to a lot of political catchphrases, such as Green New Deal, and Build Back Better. Are these slogans of little substance, or will we soon see the state take a more assertive role in the economy? Read more
Roger Partridge talks to Mike Hosking on Breakfast about his new report that says our employment protection laws make it hard to fire poorly performing senior managers.
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Wellington (Monday, 21 June 2021): New Zealand's productivity growth is being hampered by employment protection laws that constrain boards and business owners from firing poorly performing senior managers, warns a report from The New Zealand Initiative. In Nothing Costs nothing: Why unjustified dismissal procedures should not apply to the highly paid, Initiative chair and senior fellow Roger Partridge found strong arguments for New Zealand adopting an Australian-style carve-out of high-income earners from the unjustified dismissal provisions of the Employment Contracts Act 2000. Read more
In mid-2019, the Reserve Bank signalled it was considering unconventional monetary policy such as quantitative easing (QE), vulgo: money printing. Back then, Eric Crampton, Robert MacCulloch and I wrote a short paper called The Unreserved Bank of New Zealand: Why unorthodox monetary policy needs boundaries. Read more
How long will the America's Cup stay in New Zealand ? Team NZ is currently in exclusive negotiations with the government and Auckland Council to host the next event. Read more
Persistence looks set to pay off with one of Labour’s 2017 election manifesto promises: to reintroduce compulsory sector-wide collective bargaining across the country. Dubbed “Fair Pay Agreements,” the Government’s plan is to take New Zealand back to the system of awards that dominated industrial relations for most of the 20th century. Read more
Emissions pricing and congestion pricing have a lot in common. The economics of both are straightforward. Read more