The Platform's Rodney Hide interviewed Bryce Wilkinson on monetary policy and his latest report How central bank mistakes after 2019 led to inflation. To read the report click here. Read more
Director of Economics for the Infrastructure Commission, Peter Nunns, talks to Eric Crampton, Chief Economist for The New Zealand Initiative, about his research on the size and scope of local government, as well as funding and financing mechanisms. For more, please read the Infrastructure Commission’s report, authored by Peter Nunns and Nadine Dodge, “Does size matter? The impact of local government structure on cost efficiency.” Read the podcast transcript here. Read more
It’s not so much Russia or COVID that caused inflation but central banks and the extraordinary stimulus they helped create. That’s according to a former Reserve Bank Governor who’s co-authored an excoriating review of the role Central Banks played in our current inflationary crisis. Read more
Claims the outbreak of inflation in many economies is due to mistakes made by central banks. It comes in the form of a new paper, co-authored by former governor of the Reserve Bank of New Zealand Graeme Wheeler, and the New Zealand Initiative's Dr. Bryce Wilkinson. Read more
The New Zealand Initiative has denounced the Reserve Bank, and other central banks for making what it says are serious mistakes which led to inflation getting out of control. The paper, released this morning, says central banks were too confident in their abilities, their policies, and their assumptions, and forgot what their core jobs were. Read more
It is summer in Germany, and traditionally that is not good news. Or rather, it is not a good time for news. Read more
Central banks globally have made serious monetary policy mistakes, and to restore credibility, they must acknowledge and correct those mistakes. Oliver Hartwich interviews co-authors Graeme Wheeler and Bryce Wilkinson about their new policy paper How central bank mistakes after 2019 led to inflation. Read more
A research note released today by The New Zealand Initiative mainly attributes the outbreak of inflation in many economies to central bank mistakes. Co-authored by Graeme Wheeler, former Governor of the Reserve Bank of New Zealand, and Bryce Wilkinson, Senior Research Fellow at The New Zealand Initiative, the paper argues that central banks overall: were too confident about their monetary policy framework; were too confident about their models; were too confident they could control output and employment; lost their focus on price stability and took on too many mandates; faced conflicts in some cases with conflicting ‘dual mandate’ objectives; and were distracted by extraneous political objectives, such as climate change. Read more
Central banks globally have made serious monetary policy mistakes To restore credibility, they must acknowledge and correct those mistakes Wellington (Tuesday, 26 July 2022) – A research note released today by The New Zealand Initiative mainly attributes the outbreak of inflation in many economies to central bank mistakes. Co-authored by Graeme Wheeler, former Governor of the Reserve Bank of New Zealand, and Bryce Wilkinson, Senior Research Fellow at The New Zealand Initiative, the paper argues that central banks overall: were too confident about their monetary policy framework; were too confident about their models; were too confident they could control output and employment; lost their focus on price stability and took on too many mandates; faced conflicts in some cases with conflicting ‘dual mandate’ objectives; and were distracted by extraneous political objectives, such as climate change. Read more
Budget 2022 allocated just over $2.5 million a year, over four years, to the Customs Service to help it stop cigarette smuggling. I wonder whether it will be enough. Read more
A long queue of people form a circle. Each has a coin purse slung over a shoulder. Read more
Don’t get me wrong, I love watching The Chase. However, I wish Stuff had covered New Zealand’s deteriorating education standards instead of running a series of long articles on a British TV trivia show this week. Read more
Inflation in New Zealand has been on the rise (7.3 percent last quarter) as have the attempts to explain it. The RBNZ points to strong global economic activity, supply disruptions, and the Ukraine war. Read more
Just one third of the students participating in a pilot of new literacy and numeracy assessments for NCEA passed the writing assessment, and only two thirds passed each of the reading and numeracy assessments. Michael Johnston talks to Michael Laws, The Platform about the alarming results. Read more
New Zealand’s economic and social decline is slowly receiving greater recognition amongst journalists and commentators. The litany of woes is daunting. Read more