At the end of October, governor of the Reserve Bank Adrian Orr boldly asserted in a speech that climate change is “a key risk to global financial stability.” He made the case for urgent “transformation” as an “important, imminent, and personal” issue. Although the Reserve Bank Act does not mention climate change, the RBNZ is responsible for financial stability. Read more
New Zealand has a successful economy. International rankings regularly put us near the top for competitiveness, economic freedom and ease of doing business.
At the same time, New Zealand’s per capita incomes trail those of other developed countries. Our productivity growth is anaemic. Our ability to attract high-quality international investment is limited.
New Zealand cannot rest on the laurels of past reforms. We must continue to improve our economic policy settings.
The New Zealand Initiative’s research includes analysis of regulatory and fiscal policy. We explore how incentives can promote economic development, and we investigate the social effects of economic policy.
Our flagship publications include a series on New Zealand’s foreign direct investment regime (Open for Business, 2014), a proposal to establish a fiscal council (Guarding the Public Purse, 2014), a report assessing interest-free student loans (Decade of Debt, 2016), and a report assessing the efficiency of government spending (Fit for Purpose? 2018).