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The Prime Minister had declared 2019 “the year of delivery”. Voters will eventually judge the government on whether it has succeeded. Read more
The more things change, the more they stay the same -- or so the saying goes. The expression could not be a more apt description of what we are witnessing at the Reserve Bank. Read more
Following the Government's announcement of the $12 billion for infrastructure, Dr Eric Crampton discusses on Radio New Zealand about the need to enable other ways of financing infrastructure on a stable basis rather than constantly relying on infrastructure deficits hitting near-crisis levels.
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When Christine Lagarde became president of the European Central Bank in November, she inherited a challenging legacy from her predecessor Mario Draghi. The ECB’s key people are openly divided on the future direction of monetary policy. Read more
There was something in the original plans for the post-earthquake Christchurch downtown rebuild that never really made much sense. Well, there were a lot of things that never made any sense, both in the plans and in practice, and that's why a lot of business fled to the suburbs. Read more
Over the past few months, you could not drive through any of our big cities without seeing some strange advertising messages. They were strange because, in our world of doom and gloom, they were spreading good news. Read more
The Reserve Bank of New Zealand should suspend its decision to increase banks’ capital and re-open the public consultation process says public policy think tank, The New Zealand Initiative. The RBNZ’s decision to increase the capital banks are required to hold will have adverse effects for borrowers and the wider economy. Read more
The Ministry of Business’ Fair Pay Agreement discussion paper released last month took a long time coming. The ministry sat on it for 10 months following the release of the Bolger-led Fair Pay Agreement Working Group’s report last December. Read more
When the government presses ahead with incomprehensible proposals, you have to ask “Why?” A classic example is the Ministry of Business, Innovation and Employment’s Discussion Paper, Designing a Fair Pay Agreements System. Submissions in response to the Discussion Paper were due earlier this week. Read more
The Government must halt its plans to introduce fair pay agreements or face harming workers, consumers, the unemployed and the wider economy says public policy think tank, The New Zealand Initiative. The Initiative’s submission in response to the Ministry of Business, Innovation & Employment’s October 2019 Discussion Paper reveals that the premises on which the fair pay agreement proposals are based remain deeply flawed. Read more