For over three decades, New Zealand has laboured under an employment law paradox. Laws designed to protect ordinary workers from arbitrary dismissal have constrained firms when dealing with poorly performing senior managers. Read more
My recent report, Who Makes the Law? Reining in the Supreme Court,[i] has sparked widespread debate about judicial overreach by the Supreme Court. Read more
The tech sector’s pivot to Trump was an especially odd aspect of a decidedly odd American Presidential election. Silicon Valley’s tech sector had previously seemed populated by centrist Democrats – Peter Thiel aside. Read more
Last week, the Reserve Bank of New Zealand cut the Official Cash Rate by 50 basis points to 4.25 percent. In contrast, the RBA kept Australia’s cash rate on hold at its last meeting. Read more
Economists’ open letters don’t have that great of a track record. In 1981, some 364 economists warned against UK Prime Minister Margaret Thatcher’s fiscal policies. Read more
New Zealand is building its way out of its housing crisis. A few years ago, the island nation was synonymous with unaffordability. Read more
Dr Murray Horn talked to Mike Hosking on Newstalk ZB criticising a newly released New Zealand government COVID report for being too generous in its assessment and missing key issues like excessive economic stimulus and poor utilisation of the private sector. In his discussion, Dr Horn particularly emphasised how the government's politicisation of the pandemic response and monopolisation of its execution prevented proper adaptation and learning from mistakes. Read more
Last week, eleven New Zealand economists issued a public letter advocating more government spending relative to revenue. That means yet more debt. Read more
You might think that a national organisation awarding research grants would fund the best proposals. You might even think that funding decisions would be made by experts who can identify quality when they see it. Read more
In this podcast episode, Eric and Bryce discuss the history of regulatory reform efforts in New Zealand since 2001, focusing on the development of the Regulatory Standards Bill and its original mechanism of court declarations of inconsistency. They explore how diminished trust in courts' interpretations of laws has complicated this approach today, while also examining why past attempts to ensure good regulatory quality have faced challenges. Read more
New Zealand introduced a comprehensive GST in 1986. Value-added taxes elsewhere were riddled with politically-driven exemptions. Read more
Wellington (Friday, 29 November 2024) - The New Zealand Initiative welcomes today's announcement that New Zealand will follow Australia in excluding high-income earners from personal grievance claims for unjustified dismissal. The change implements recommendations from the Initiative's 2021 research note "Nothing Costs Nothing: Why unjustified dismissal procedures should not apply to the highly paid" (available here). Read more
You can learn a lot about a household’s priorities, or an agency’s priorities, when budgets tighten. For the past few months, we have heard a lot about how the health system has been cut to the bone. Read more
John Gerritsen on RNZ questions whether to keep NCEA Level 1, following an Education Review Office report that calls it unreliable and unclear in purpose. Dr Michael Johnston talks to RNZ saying the entire NCEA system needs review, particularly to create better pathways for students pursuing trades and apprenticeships rather than university. Read more
On NBR, Dr Eric Crampton and Dr Ganesh Nana presented opposing views on New Zealand's economic direction and government spending. While Nana argued for increased public investment in infrastructure and services to build long-term economic resilience, Crampton advocated for fiscal restraint and maintaining lower debt levels to preserve borrowing capacity for future crises. Read more