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Podcast: What's driving grade inflation?

In this episode, James talks to Craig Mellare and Abdul Razeed, senior lecturers at the University of Sydney Business School, about their empirical study on grade inflation in Australian higher education. They discuss findings showing that grades have risen significantly over the past decade despite no improvement in student ability, and explore the institutional pressures driving this phenomenon including student evaluation systems, time constraints on academic staff, and the need to manage student appeals and expectations. Read more

Dr James Kierstead
Craig Mellare and Dr Abdul Razeed
25 September, 2025

Media release: Reserve Bank needs support, not scapegoating, in inflation fights

Wellington (Monday, 22 September 2026) - The Reserve Bank of New Zealand has been unfairly scapegoated for the current recession when it was simply doing its job of bringing inflation under control, according to new research from The New Zealand Initiative. The research note, Monetary Policy Without Mates, reveals that while the RBNZ fought to tame inflation that peaked at nearly 8%, the government's fiscal policy worked against these efforts – forcing interest rates to stay higher for longer. Read more

Dr Oliver Hartwich
Dr Eric Crampton
Dr Bryce Wilkinson ONZM
Media release
23 September, 2025
NewstalkZB Mike Hosking square

Newstalk ZB: Mike Hosking mentions the Initiative's monetary policy report

Mike Hosking discussed the Initiative's report "Monetary policy without mates" on Newstalk ZB, agreeing with its argument that the Reserve Bank has been unfairly scapegoated for the current recession when it was simply doing its job of bringing inflation under control. He emphasised that the government's fiscal policy worked against the Reserve Bank's efforts, with Grant Robertson's spending forcing interest rates to stay higher for longer. Read more

Mike Hosking
Newstalk ZB
23 September, 2025
Sean Plunket

The Platform: Dr Oliver Hartwich debates Robert MacCulloch over government influence claims

Dr Oliver Hartwich debated Robert MacCulloch on The Platform over claims that the New Zealand Initiative has "captured" the National government and is controlling fiscal policy. Dr Hartwich defended the Initiative, stating they have minimal contact with government ministers and would have pursued different policies if they truly had influence, particularly opposing last year's tax cuts in favour of budget consolidation and deficit reduction. Read more

Dr Oliver Hartwich
Sean Plunket and Robert MacCulloch
The Platform
22 September, 2025
kerre woodham newstalkzb

Newstalk ZB: Dr Eric Crampton says returning spending to 2019 levels would have allowed rate cuts

Dr Eric Crampton told Kerre Woodham on Newstalk ZB that New Zealand’s 0.9% economic contraction reflects the Reserve Bank “going incredibly overboard” in 2020–21 and losing credibility on inflation, making today’s correction unavoidable. He criticised government claims of restraint, noting budgets remain “incredibly stimulatory” with “massive structural deficits,” and argued that if spending had returned to 2019 wellbeing-budget levels, the Bank would have had far more room to cut interest rates. Read more

Dr Eric Crampton
Kerre Woodham
Newstalk ZB
19 September, 2025

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