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Cash v2

News from the Unreserved Bank

In mid-2019, the Reserve Bank signalled it was considering unconventional monetary policy such as quantitative easing (QE), vulgo: money printing. Back then, Eric Crampton, Robert MacCulloch and I wrote a short paper called The Unreserved Bank of New Zealand: Why unorthodox monetary policy needs boundaries. Read more

Dr Oliver Hartwich
Insights Newsletter
4 June, 2021
Fair pay v3

Why new Fair Pay Agreements claims don't compute

Persistence looks set to pay off with one of Labour’s 2017 election manifesto promises: to reintroduce compulsory sector-wide collective bargaining across the country. Dubbed “Fair Pay Agreements,” the Government’s plan is to take New Zealand back to the system of awards that dominated industrial relations for most of the 20th century. Read more

Roger Partridge
NZ Herald
1 June, 2021
Budget 2021 v2

Falling short in the long run

As economics Nobel laureate Paul Krugman once put it, “Productivity isn’t everything, but, in the long run, it is almost everything.” Which makes you wonder what Krugman would think of yesterday’s Budget. Hidden behind headlines of benefit increases, spending initiatives and a new unemployment insurance scheme lies a worrying small detail. Read more

Dr Eric Crampton
Insights Newsletter
21 May, 2021

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