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One of the shortest jokes about economics goes like this: Teach a parrot to say supply and demand, and you have created an economist. But there is an even better joke: Teach a parrot to say demand and demand, and you have created a politician. Read more
The holiday season always brings the requisite warnings about the summer road toll. Drive to the conditions, and the faster the speed, the bigger the mess. Read more
In this Quick Take episode, Bryce Wilkinson questions the wisdom behind many of the Reserve Bank’s latest interventionist moves and worries New Zealand could be repeating mistakes of the past. If you would like to listen to our latest podcasts, please subscribe to The New Zealand Initiative podcast on iTunes, Spotify or The Podcast App. Read more
Thanks for tuning in to the New Zealand Initiative’s Freely Speaking podcast where the style is casual, the topics are important and the brakes are off. In this episode, around the table is executive director Oliver Hartwich, chief economist Eric Crampton, senior fellow Bryce Wilkinson and chief editor Nathan Smith. Read more
It sounds so easy: If waiting on a Covid-19 test, stay home. It’s probably just a cold, but the costs if it isn’t are high. Read more
Rumours of a merger between the Reserve Bank and the Property Council have been greatly exaggerated. The Bank will need no help to do whatever it takes to keep Auckland homeowners safe from any dip in property prices. Read more
In a year of bad news, the past few weeks were a welcome exception. Pfizer’s announcement of a potentially effective Covid-19 vaccine opens a path back to normal life. Read more
In this episode of the New Zealand Initiative’s “Freely Speaking” podcast, around the table is executive director Oliver Hartwich, chief economist Eric Crampton, senior economist Matt Burgess and senior fellow Bryce Wilkinson. The team unpacks the Reserve Bank of New Zealand’s curious steps into climate change politics and mulls over the central bank's real mandate. Read more
The resurgence of Covid-19 in Europe is ending hopes of a quick recovery from a-sharp “V-shaped” recession. Will it be a U-shaped recession, an L-shaped recession? Read more
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