For a long time, the Bundesbank, Germany’s central bank, has enjoyed a reputation as Europe’s eternal naysayer. Whatever measures were being discussed to save the euro or revive the European economy, the Bundesbank was usually opposed – and increasingly isolated. Read more
Consider this. New Zealand has sound institutional arrangements and according to the OECD, best practice policy settings. Read more
Examining housing affordability in New Zealand can be an engrossing activity involving quantitative research, modelling and fact-based analysis. As such, it is easy to forget how emotionally appealing the cult of the compact city can be. Read more
It was sad to see not one but two Interislander ferries docked in Wellington Harbour last weekend. But should that really make it a political issue? Read more
Wellington (23 January 2014): The New Zealand Initiative has welcomed the introduction of a four new tiers of teaching positions as a huge step toward lifting the educational performance of New Zealand’s schools. The think tank has long been a strong advocate for such a policy, which was announced by Prime Minister John Key today as part of his State of the Nation address. Read more
The European debt and growth crisis has seemingly divided the continent into saints and sinners. On the one hand, there are the profligate, lazy, unproductive countries of the European periphery, unflatteringly abbreviated as the PIIGS. Read more
When 2,300 business leaders and government officials met for the Asian Financial Forum in Hong Kong this week, they were asked to vote on what they saw as the greatest threat to the world economy. Opinions were divided between troubles in emerging markets (52 per cent) and the withdrawal of monetary stimulus by the US Federal Reserve (32 per cent). Read more
This year may not turn out to be a historic year for Europe but one thing is certain: it will be a year full of historical commemorations. All in one, 2014 marks the 25th anniversary of the fall of the Iron Curtain, the 75th anniversary of the Second World War, the centenary of the First World War – and the 5th year of the euro crisis. Read more
A week is a long time in politics, as former British Prime Minister Harold Wilson once said. He may well have been right when he coined this phrase in the 1960s. Read more
A week is a long time in politics, as former British Prime Minister Harold Wilson once said. He may well have been right when he coined this phrase in the 1960s. Read more
Imagine that your boss gives you an intelligence test on your first day of work. The organisation groups you in a team based on your ability, as measured by the test. Read more
Around the world: The evolution of teaching as a profession is The New Zealand Initiative’s second education report. Released this week, it is the product of a six-week tour around the world to look at how other education systems deal with teacher quality. Read more
Following on from last week’s piece The costs of corruption, this Monday saw the release of Transparency International’s ambitious and highly anticipated Integrity Plus 2013: National Integrity Systems assessment (NIS). The 374-page report provides detailed insights into the national “institutions, laws, procedures, practices and attitudes that encourage and support integrity in the exercise of power”. Read more
The problem with Christmas gift giving is that it can be terribly uneconomic, with significant deadweight losses involved. Apart from the strained smiles and “thank you, this is exactly what I wanted!” exclamations upon receiving one’s 10th pair of socks, deadweight loss occurs when the recipient does not value their gift as much as the giver pays for it. Read more