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Recent New Zealand elections have revealed a 21st-century paradox. Election year should be a time when politicians talk with the voting public about whether the country’s current policy settings are improving wellbeing, or whether changes are needed. Read more
Public policy think tank The New Zealand Initiative opposes changing the purpose of the Crown Minerals Act from the promotion of mining for the benefit of New Zealanders. In our submission on the Ministry of Business, Innovation and Employment’s discussion document: Review of the Crown Minerals Act 1991, the Initiative addresses questions raised about the role and purpose of the Crown Minerals Act (CMA). Read more
Last week, an educational resource unveiled by Ministers Shaw and Hipkins was praised by The Guardian newspaper for putting New Zealand “at the forefront of climate change education worldwide”. ACT MP David Seymour judged differently, describing the same resource as “state-organised bullying”. Read more
Cabinet’s decisions announced today by Finance Minister Grant Robertson to reform the governance and accountability arrangements of the Reserve Bank are commendable. Key among the decisions is establishing a governance board that will be responsible for all functions of the Reserve Bank, except those undertaken by the Monetary Policy Committee. Read more
A giant is dead. Paul Volcker died this week, aged 92. Read more
Last week, Labour finally began delivering on its urban growth agenda. Housing affordability was one of the two main themes of the 2017 election. Read more
The Prime Minister had declared 2019 “the year of delivery”. Voters will eventually judge the government on whether it has succeeded. Read more
The more things change, the more they stay the same -- or so the saying goes. The expression could not be a more apt description of what we are witnessing at the Reserve Bank. Read more
Following the Government's announcement of the $12 billion for infrastructure, Dr Eric Crampton discusses on Radio New Zealand about the need to enable other ways of financing infrastructure on a stable basis rather than constantly relying on infrastructure deficits hitting near-crisis levels.
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When Christine Lagarde became president of the European Central Bank in November, she inherited a challenging legacy from her predecessor Mario Draghi. The ECB’s key people are openly divided on the future direction of monetary policy. Read more