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Only one thing contributes to our emissions targets: lower emissions. On that standard, this week’s report from the Climate Change Commission fails. Read more

The first rule of any emissions reduction plan is that it reduces emissions. Yesterday’s plan from the Climate Change Commission does not pass this test. Read more

The problem with economics is that it often uses a language that non-economists do not speak. Take "externalities", for example. 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

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

When presenting Budget 2021 last week, Finance Minister Grant Robertson announced that work is underway to develop an unemployment insurance scheme. Details are limited. Read more

As American historian and philosopher Will Durant observed, "Civilisation is not inherited; it has to be learned and earned by each generation anew." That is a more polite way of saying that humans make mistakes, cause damage, then repair the mess. . Read more