Bryce Wilkinson on New Zealand's monetary policy mess
In his new report, Made by Government: New Zealand's Monetary Policy Mess, Dr Bryce Wilkinson highlights the mess the Government/Minister of Finance and the Reserve Bank of New Zealand (RBNZ) have made of monetary policy. Inflation is once more a real problem, property prices have whiplashed and taxpayers have lost $9 billion. The prospect of recession is real.
He spoke on Radio New Zealand's Morning Report about how the government has compromised the price stability objective by adding contending objectives. Appointment to key monetary policy positions on the basis of merit and expertise has been sidelined, and expertise is now lacking.
Listen to the full interview below.