Repeat after me: Private costs are not policy relevant Private costs are not policy relevant Private costs are not policy relevant Now when the Law Commision says (on pg 169) (ht Offsetting behaviour): These are controversial issues and the Law Commission is in no position as yet to arbitrate in this debate which has become …
Monthly Archive: July 2009
Permanent link to this article: http://www.tvhe.co.nz/2009/07/31/private-costs-are-not-policy-relevant/
Jul
31
2009
NZIER on emissions targets
So NZIER thinks it doesn’t matter whether we reduce local emissions or just pay off third-world countries to reduce them for us. Apparently the only important issue is whether we satisfy our responsibilities that we’ve committed to. The money quote is: It allows emissions reductions to take place in the country where it is cheapest …
Permanent link to this article: http://www.tvhe.co.nz/2009/07/31/nzier-on-emissions-targets/
Jul
30
2009
An economist licence
We licence other service professions, why not applied economists? What I’m thinking is that economists could get a licence through a university where they have to sit an exam on certain, essential, points of economics. They would have to resit it every 5 years. Don’t make the licence compulsory persee, just make it something that …
Permanent link to this article: http://www.tvhe.co.nz/2009/07/30/an-economist-licence/
Jul
30
2009
July 09 OCR Review: Easing bias strengthens?
At least that is my first impression from the statements. Although last statement was the effectively the same: “We consider it appropriate to continue to provide substantial monetary policy stimulus to the economy. The OCR could still move modestly lower over the coming quarters. We continue to expect to keep the OCR at or below …
Permanent link to this article: http://www.tvhe.co.nz/2009/07/30/july-09-ocr-review-easing-bias-strengthens/
Jul
29
2009
Big ups to the NZ econblogsphere
Kiwiblog’s link to a new economics blog called Progressive Turmoil got me thinking. I now count 12 14 economics blogs in New Zealand that are still going (list at bottom – note all the blogs I have linked to have a lot of economics opinions in them, even if this isn’t their primary description. To …
Permanent link to this article: http://www.tvhe.co.nz/2009/07/29/big-ups-to-the-nz-econoblogsphere/
Jul
29
2009
Supermarket competition is a good thing!!
Is someone trying to be ironic when they say that a new chain store that sells close to expired stock cheaply is a bad idea because it will “cause obesity”. Adolf at No Minister is right here when he says that these guys are doing the right thing, and that the critique on the grounds …
Permanent link to this article: http://www.tvhe.co.nz/2009/07/29/supermarket-competition-is-a-good-thing/
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