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At the 2019 Building Nations conference, run by Infrastructure New Zealand, Dr Oliver Hartwich discusses how localism could work in New Zealand, and highlights our research on the topic.
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When Germany’s statistics office released the economic growth rate for the second quarter, the disappointing 0.1 percent decline added to the troubles on Wall St. Little wonder stock markets are looking anxiously at Germany: the German economy remains the largest in Europe and the fourth largest in the world (behind only the United States, China and Japan). Read more
The New Zealand Initiative enthusiastically welcomes the Coalition Government’s announcement of an Independent Parliamentary Budget Office. Finance Minister Grant Robertson and Associate Finance Minister James Shaw jointly announced the Office today, to be operational from mid-2021. Read more
On Monday, Adrian Orr was interviewed on TV One’s Q+A programme. If you had not known that Orr is the Governor of the Reserve Bank of New Zealand, you could have mistaken him for a politician. Read more
It is the hope that this time it will be different that really kills you. Sisyphus at least knew his labours were futile and could resign himself to the task of forever pushing the boulder uphill. Read more
Few parents would give their child a cough medicine that had not been trialled. The potential risks of doing so are endless. Read more
For someone with a hammer, everything looks like a nail, they say. For politicians, large-scale restructuring and reorganisations are sometimes that hammer. Read more
As Doctor Frankenfurter prepared to step up the reactor power input three more points and bring life to the Rocky Horror in the classic Rocky Horror Picture Show, he welcomed the assembled “unconventional conventionists” who would witness his triumph. Unconventional monetary policy is a bit like Doctor Frankenfurter’s giant defibrillator experiment with the Rocky Horror. Read more
Following the larger than anticipated cut in the cash rate, the Reserve Bank of New Zealand has signalled its preparation for unconventional monetary policies such as negative interest rates and quantitative easing. But such a move requires an urgent clarification of the Remit given to the RBNZ’s Monetary Policy Committee, argues a new research note by The New Zealand Initiative. Read more
What would happen if New Zealand banks implemented negative interest rates? Executive Director Dr Oliver Hartwich discusses his concerns on TVNZ Breakfast following the Reserve Bank's move of cutting the OCR to 1%. Read more