False security in high ratings
After the Global Financial Crisis of 2008, markets became concerned about Greece’s ability to repay its debts. Until the crisis hit, rating agencies were relaxed about Greece’s solvency. Read more
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After the Global Financial Crisis of 2008, markets became concerned about Greece’s ability to repay its debts. Until the crisis hit, rating agencies were relaxed about Greece’s solvency. Read more
In the world of central banking, nothing is as sobering as being forced to confront the consequences of past policy mistakes. Last week, the Reserve Bank of New Zealand (RBNZ) delivered a hefty 50 basis point increase in the Official Cash Rate (OCR), raising it to 5.25%. Read more
So much has happened in the past few weeks that I am spoiled for choice of topics to discuss. In the US, two banks collapsed, causing the biggest bank failures since the GFC. Read more
Who really cares about the wellbeing of future generations? Those who do should care greatly about productivity growth. Read more
The Super City is saved. The government has unveiled five exciting options for a second harbour crossing, which means that Aucklanders will no longer have to endure bumper-to-bumper traffic and road rage when they cross New Zealand’s most famous bridge. Read more
Much can be learned from the past, both the good and the bad. The Initiative’s upcoming report takes a historical perspective on New Zealand’s infrastructure challenge and offers a roadmap for moving forward. Read more
Kiwis on the minimum wage will have an extra $1.50 an hour in the pocket from tomorrow. The increase, which comes in from April 1st, brings the wage to $22.70 an hour. Read more
More families could receive a $72.50 a week tax credit, as part of a massive and fundamental change to the system, after a review of the $3 billion Working for Families tax credit system that ended last year. A review of the scheme, which currently supports just under 350,000 families with children, is before Social Development Minister Carmel Sepuloni, and has found serious design issues in the way some of the tax credits are applied. Read more
Heather du Plessis-Allan on Newstalk ZB asks Finance Minister Grant Robertson about his thoughts on the points raised in Dr Bryce Wilkinson's latest report, Made by Government: New Zealand's Monetary Policy Mess.
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Inflation is a problem for the first time in 30 years. Property prices have whiplashed. Read more