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economy v3

Govt making the case for higher levels of debt for longer

Last week’s post-Covid fiscal and monetary policy workshop, hosted jointly by the Reserve Bank and Treasury, seemed designed to warm the policy economics community to higher levels of public debt. While low interest rates mean investment projects that might not normally make the grade can now stack up, stacking up debt builds its own fragility. Read more

Dr Eric Crampton
The Dominion Post
28 June, 2021

Media release: Employment law change needed to improve productivity

Wellington (Monday, 21 June 2021): New Zealand's productivity growth is being hampered by employment protection laws that constrain boards and business owners from firing poorly performing senior managers, warns a report from The New Zealand Initiative. In Nothing Costs nothing: Why unjustified dismissal procedures should not apply to the highly paid, Initiative chair and senior fellow Roger Partridge found strong arguments for New Zealand adopting an Australian-style carve-out of high-income earners from the unjustified dismissal provisions of the Employment Contracts Act 2000. Read more

Roger Partridge
Media Release
21 June, 2021
Cash v2

News from the Unreserved Bank

In mid-2019, the Reserve Bank signalled it was considering unconventional monetary policy such as quantitative easing (QE), vulgo: money printing. Back then, Eric Crampton, Robert MacCulloch and I wrote a short paper called The Unreserved Bank of New Zealand: Why unorthodox monetary policy needs boundaries. Read more

Dr Oliver Hartwich
Insights Newsletter
4 June, 2021
Fair pay v3

Why new Fair Pay Agreements claims don't compute

Persistence looks set to pay off with one of Labour’s 2017 election manifesto promises: to reintroduce compulsory sector-wide collective bargaining across the country. Dubbed “Fair Pay Agreements,” the Government’s plan is to take New Zealand back to the system of awards that dominated industrial relations for most of the 20th century. Read more

Roger Partridge
NZ Herald
1 June, 2021

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