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Wellington (17 May 2018): The New Zealand Initiative applauds today’s Budget 2018 announcement of an independent fiscal institution. Associate Finance Minister James Shaw announced a new independent body to assess government forecasts and cost political party election promises. Read more
Eric Crampton discusses Budget 2018 with Andrew Dickens. He says there are not many surprises, but he does find a few risks. Read more
Last week, the National Business Review reported that the New Zealand Government is considering introducing so-called land value uplift charges to finance new infrastructure projects. Papers obtained by the NBR under the Official Information Act show that the New Zealand Transport Agency and the Ministry of Transport are weighing the pros and cons of making property owners bear the costs of projects that increase the value of their land. Read more
The Coalition government’s first budget is just over two weeks away. Its core is always fiscal policy – how much it is planning to spend and how it is planning to fund that spending. Read more
Eric Crampton says anchor projects for the Christchurch rebuild were a terrible idea. He talks to Jim Mora on The Panel about that and the government's announcement about the Metro Sports Facility project in the city. Read more
On Tuesday, economist Eric Crampton argued that legislation to prohibit foreign property buyers will do nothing to alleviate the housing crisis. Today, he lays out all the other reasons why the ban makes no sense. Read more
There is not a shred of evidence the prohibition on foreign property buyers will alleviate the housing crisis. It is popu, argues economist Eric Crampton. Read more
According to Oscar Wilde’s play, Lady Windermere’s Fan (1892), “a cynic is a man who knows the price of everything and the value of nothing.” This quip has since migrated to refer to the economics profession. It tells us much about how economics is perceived. Read more
The autumn storm that took out parts of Auckland’s power grid last week spared Wellington. The weather in the capital remained relatively calm – or at least no worse than any other wintry day. Read more
When you are in a hole, stop drilling. That must have been the Government’s motivation for stopping oil and gas exploration. Read more