Final Eric Crampton

Dr Eric Crampton

Chief Economist

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

Email: eric.crampton@nzinitiative.org.nz

Recent Work

Building house

Housing despair

The New Zealand Initiative has been a staunch supporter of the coalition government’s housing agenda. While we warned that Kiwibuild would not fix the housing crisis but rather risked diverting the government’s attention from more important reforms, we have had every confidence in Minister Twyford’s wider vision. Read more

Dr Eric Crampton
Insights Newsletter
23 August, 2019
Beehive with flag3

The parliamentary budget office should be just the beginning

Have you ever driven past one of those stores that mostly sells blinds but calls itself ‘Not Just Blinds’ and wondered whether they should have thought a bit bigger in their marketing? This week, the coalition government announced plans for a parliamentary budget office charged with providing independent costings of election policy promises, and with keeping an eye on the government’s compliance with fiscal rules. Read more

Dr Eric Crampton
The Spinoff
22 August, 2019
Cash4

Preparing for the monetary Rocky Horror

As Doctor Frankenfurter prepared to step up the reactor power input three more points and bring life to the Rocky Horror in the classic Rocky Horror Picture Show, he welcomed the assembled “unconventional conventionists” who would witness his triumph. Unconventional monetary policy is a bit like Doctor Frankenfurter’s giant defibrillator experiment with the Rocky Horror. Read more

Dr Eric Crampton
Newsroom
14 August, 2019
RBNZ Research Note front page resized

Research Note: The Unreserved Bank of New Zealand: Why unorthodox monetary policy needs boundaries

With its rate cut on 7 August 2019, the Reserve Bank of New Zealand surprised markets and sent a strong signal that unorthodox or unconventional monetary policy could be on the cards. We argue that, especially under unconventional circumstances, predictability of the Reserve Bank is needed to retain its credibility, independence and reputation. Read more

Dr Oliver Hartwich
Dr Eric Crampton
Professor Robert MacCulloch
13 August, 2019
New Zealand flag

Why NZ should not try underarm bowling

A truism in politics has been codified in what’s been called Miles’s Law: “Where you stand depends on where you sit.” In other words, principles can depend a bit on one’s interests. Legend had it that one of the professors who taught courses in antitrust where I went to graduate school liked to quip: “I support antitrust because antitrust supports me.” Consulting in antitrust cases was rather lucrative. Read more

Dr Eric Crampton
The National Business Review
26 July, 2019
Economist 3

Cat posters and wellbeing budgets

There was a line of ’80s and ’90s motivational posters, often involving pictures of cats, with quips that might help improve spirits around the workplace. One of those, from memory, read something like, “You don’t have to be crazy to work here, but it helps!” Other variants read, “You don’t have to be crazy to work here; we will train you.” None of them would pass modern sensitivity standards, and they were never really motivational or funny in the first place. Read more

Dr Eric Crampton
Insights Newsletter
19 July, 2019

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