New Zealand’s Reserve Bank is creating waves on both sides of the Tasman. Just before Christmas, it surprised the banking sector with proposals to almost double banks’ capital ratios. Read more
As teachers prepare to leave the classroom on strike, The New Zealand Initiative proposes a potential solution to the seemingly impossible impasse. Dr Eric Crampton argues in his Policy Point Biting education bullets that Minister Hipkins is in a thoroughly unenviable position. Read more
Wellington (28 May 2019): As teachers prepare to leave the classroom on strike, a new policy point released by The New Zealand Initiative proposes a potential solution to the seemingly impossible impasse. "Minister Hipkins is in a thoroughly unenviable position," said Dr Eric Crampton, the Initiative’s Chief Economist and author of Biting education bullets. Read more
Judging by the reactions of the twittersphere, something evil must have happened in Australia last Saturday. “I’m scared. Read more
Earlier this year, I got myself a new smartphone. Its 7-nanometre processor is lightning fast, the triple camera takes stunning pictures, and the huge battery is still half full at the end of a working day. Read more
Last week, a group of 17 countries along with leading social media platforms signed Prime Minister Jacinda Ardern’s Christchurch Call “to eliminate terrorist and violent extremist content online”. The non-binding three-page document is inspiringly pragmatic, combining aspirational actions without falling for heavy-handed (and misguided) regulations. Read more
Being an economist is great. But there is a downside. Read more
Professor Gary Libecap is something of a god in economics. In a prior life, I would tell my undergraduate students about the pantheon of the Econ Gods. Read more
An all-time low official cash rate of 1.5% as of May 8 means borrowing a New Zealand dollar from the Reserve Bank is a step closer to the zero lower bound – with at least one more rate cut expected in the near future. Despite excitement among mortgage owners and business, this is not good news. Read more
This week, we were happy to see the changes to NCEA announced by Education Minister Chris Hipkins. It is encouraging that the Minister’s NCEA Change Package mirrors so many of the recommendations in our 2018 report, Spoiled by Choice: How NCEA hampers education, and what it needs to succeed. Read more
During the Global Financial Crisis, many banks around the world failed spectacularly (though fortunately none in Australia or New Zealand). Some financial institutions were bailed out at enormous costs to taxpayers. Read more
Especially since the Brexit vote, policymakers aiming for political stability might be reluctant to ask citizens about their opinion. They should not feel that way. Read more
Read our submission to the Reserve Bank of New Zealand on The Review of the Capital Adequacy Framework for locally incorporated banks: How much capital is enough?
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The problem with being an expert is that people regularly ask you for predictions. As if your knowledge of something would automatically let you know the future. Read more
Public policy think tank The New Zealand Initiative welcomes the changes to NCEA that have been announced today by Education Minister Chris Hipkins. It is encouraging that the Minister’s NCEA Change Package mirrors so many of the recommendations in our 2018 report, Spoiled by Choice: How NCEA hampers education, and what it needs to succeed. Read more