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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
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. Read more
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. Markets are expecting interest rates to stay ultra-low for decades, and parts of the continent’s banking system remain fragile. 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. The effects are likely to be felt most acutely by high loan-to-value borrowers, the rural sector and small-to-medium-sized enterprises.Yet the Initiative’s submission in response to the RBNZ’s Review of... Read more
The Ministry of Business’ Fair Pay Agreement discussion paper released last month took a long time coming. Read more
When the government presses ahead with incomprehensible proposals, you have to ask “Why?” Read more
This submission is in response to the Ministry for Business, Innovation and Employment's (MBIE) Discussion Paper, Designing a Fair Pay Agreements System. 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. Read more