When central banks get the blame for doing their job
Australians watching the economic drama unfold across the Tasman might find the plot familiar: An economy shrinks far faster than anyone forecast. Manufacturing slumps. Read more
Oliver is the Executive Director of The New Zealand Initiative. Before joining the Initiative, he was a Research Fellow at the Centre for Independent Studies in Sydney, the Chief Economist at the Policy Exchange in London, and an advisor in the UK House of Lords.
Oliver holds a master's degree in economics and business administration and a PhD in Law from Bochum University in Germany.
Oliver is available to comment on all of the Initiative’s research areas.
Phone: +64 4 499 0790
Australians watching the economic drama unfold across the Tasman might find the plot familiar: An economy shrinks far faster than anyone forecast. Manufacturing slumps. Read more
New Zealand’s economy shrank 0.9 per cent in the June quarter. A chorus of commentators, politicians and economists are blaming the Reserve Bank for this poor performance. Read more
At Eden Park, concerts are capped at twelve a year from six artists. Weekday shows must finish by 11 pm, with a maximum duration of five hours. Read more
Dr Oliver Hartwich was featured on Newstalk ZB's news segments commenting on Reserve Bank independence. He argued that the government should let the Reserve Bank maintain its independence and focus on addressing inflation without political interference over interest rate decisions. Read more
RNZ Business News discussed Dr Oliver Hartwich's comments defending the Reserve Bank on their midday bulletin. He defended the Reserve Bank against scapegoating claims, arguing that the current government's single inflation mandate and expansionary fiscal policies have made monetary policy more challenging. Read more
Herald NOW mentioned Dr Oliver Hartwich on their news segment about the Reserve Bank governor appointment. He emphasised the importance of maintaining the Reserve Bank's independence and allowing it to focus on addressing inflation without political interference. Read more
Wellington (Monday, 22 September 2026) - The Reserve Bank of New Zealand has been unfairly scapegoated for the current recession when it was simply doing its job of bringing inflation under control, according to new research from The New Zealand Initiative. The research note, Monetary Policy Without Mates, reveals that while the RBNZ fought to tame inflation that peaked at nearly 8%, the government's fiscal policy worked against these efforts – forcing interest rates to stay higher for longer. Read more
The Reserve Bank of New Zealand has been unfairly scapegoated for the current recession when it was simply doing its job of bringing inflation under control. The research note, Monetary Policy Without Mates, reveals that while the RBNZ fought to tame inflation that peaked at nearly 8%, the government's fiscal policy worked against these efforts – forcing interest rates to stay higher for longer. Read more
Dr Oliver Hartwich debated Robert MacCulloch on The Platform over claims that the New Zealand Initiative has "captured" the National government and is controlling fiscal policy. Dr Hartwich defended the Initiative, stating they have minimal contact with government ministers and would have pursued different policies if they truly had influence, particularly opposing last year's tax cuts in favour of budget consolidation and deficit reduction. Read more
In this episode, Oliver talks to Sam Andrews, Chief Strategy Officer at Bastion Security, about New Zealand’s cybersecurity landscape and the evolving threats facing organisations. They explore how AI is reshaping both attacks and defences, the strengths and weaknesses of New Zealand’s regulatory framework, and why building resilience is just as vital as strong security. Read more
On Wednesday morning last week, I was getting ready for my afternoon speech at the Financial Services Council conference in Auckland. Between sessions, I scrolled through X on my phone. Read more
More than half of New Zealanders think the country is going in the wrong direction. Trust in Parliament, the courts and the Reserve Bank has fallen sharply since 2021. Read more
In this episode, Oliver talks to Stephen Crosswell, a partner at Baker McKenzie in Hong Kong, the world’s strongest law firm brand. He is chair of the firm’s Asia-Pacific Antitrust & Competition Group and one of Hong Kong’s leading trial lawyers, admitted to practise in five countries. Read more
Tell someone in an Auckland café that the economy is booming and they will laugh. Unemployment in the city is 6.1 per cent. Read more
In this episode, Oliver talks to Roger Partridge about his new report "Unscrambling Government," which proposes consolidating New Zealand's extraordinarily complex government structure from 81 ministerial portfolios, 28 ministers, and 43 departments down to a more manageable 15-20 portfolios with corresponding departmental consolidation. They discuss how New Zealand's fragmented ministerial system creates accountability problems, increases fiscal costs, and hampers effective decision-making on critical issues like housing affordability, comparing unfavourably to other small advanced economies that operate with far simpler structures. Read more