Eric Crampton is Chief Economist with the New Zealand Initiative.
He applies an economist’s lens to a broad range of policy areas, from devolution and housing policy to student loans and environmental policy. He served on Minister Twyford’s Urban Land Markets Research Group and on Minister Bishop’s Housing Economic Advisory Group.
Most recently, he has been looking at devolution to First Nations in Canada.
He is a regular columnist with Stuff and with Newsroom; his economic and policy commentary appears across most media outlets. He can also be found on Twitter at @ericcrampton.
Phone: +64 4 499 0790
Dr Eric Crampton spoke to RNZ about reforming New Zealand's emissions credit system, arguing that payouts should be tied to international competitors' emissions rather than penalising local companies for reducing their carbon footprint. Listen below. Read more
1. INTRODUCTION AND SUMMARY 1.1 This submission on the Land Transport Management (Time-of-Use Charging) Amendment Bill is made by The New Zealand Initiative (the Initiative), a Wellington-based think tank supported primarily by major New Zealand businesses. Read more
In this episode, Eric discusses credit card interchange fees with NERA's James Mellsop, who argues that the Commerce Commission's proposed regulation capping these fees could harm competition and innovation despite aiming to benefit consumers. They express concern that the Commission's narrow focus on allocative efficiency overlooks the dynamic benefits of interchange fees in financing innovation and new market entrants, potentially undermining the Commission's own goals of increasing competition in the banking sector. Read more
Come the next pandemic, we are going to be in the same stupid mess that we were in during the last one. Trusted pharmaceutical regulators overseas, like those in Australia, Canada, Europe, and the UK, will have given provisional approvals for vaccines that are safe. Read more
There’s a fragility to rules-based orders that has been around for as long as those orders have. So long as people generally agree that it is good to be bound by the rules, and that trying to change the rules is better than ignoring or breaking them, a rules-based order can persist. Read more
Many economists make international trade seem more complicated than it needs to be. Stephen Landsburg had a simple way of explaining it all. Read more
About a quarter century ago, my to-be wife introduced me to a card game called Flux. It was popular among the computer science and engineering students in Pittsburgh. Read more
I am always glad that I am not an economic forecaster. Most people’s exposure to economists is radio or newspaper bits from bank economists making their best guesses about economic growth, the unemployment rate, or the track for interest rates. Read more
The pendulum theory of politics suggests that policies often swing from one extreme to another without finding a balanced middle ground. Consider New Zealand’s supermarkets. Read more
Imagine that you had to sell your house in a desperate hurry – Melbourne beckons, and the job there starts soon. Some things that would help the sale go ahead would be well worth doing. Read more
New Zealand’s planning processes have been breaking Wright’s Law for too long. Yesterday’s resource management reform announcement goes some way to fixing things. Read more
If for some ghastly reason you wanted to hit two birds, and you had two stones, trying to hit both birds with each stone would be pretty silly. You can throw both stones, so why not target things a bit more closely? Read more
In this episode, Eric talks to Patrick Phelps, Manager at Minerals West Coast, about the complex challenges of rural council governance including infrastructure costs, heritage regulations, and voter apathy. They discuss how small towns struggle with funding vital services across widely dispersed communities while managing political incentives that often lead to misplaced priorities and wasteful spending. Read more
It isn’t the congestion charging scheme that I would have most-preferred. But the best congestion charging scheme is the one that can get across the line and enjoy durable political support, so long as it can work. Read more
Late last year, online newsmagazine The Spinoff asked the usual suspects for their one-sentence summary of the year ahead. I stole a line from Gramsci, or at least a paraphrased version of it. Read more