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Research Note: The Unreserved Bank of New Zealand: Why unorthodox monetary policy needs boundaries

With its rate cut on 7 August 2019, the Reserve Bank of New Zealand surprised markets and sent a strong signal that unorthodox or unconventional monetary policy could be on the cards. We argue that, especially under unconventional circumstances, predictability of the Reserve Bank is needed to retain its credibility, independence and reputation. Read more

Dr Oliver Hartwich
Dr Eric Crampton
Professor Robert MacCulloch
13 August, 2019
Report cover Work in Progress

Work in Progress: Why Fair Pay Agreements would be bad for labour

The government’s goal of a highly skilled and innovative workforce and an economy that delivers well-paid, decent jobs and broad-based gains from economic growth and productivity, is a laudable aim. It is what governments should strive for. Read more

Roger Partridge
Dr Bryce Wilkinson ONZM
9 July, 2019

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