I read your article on monetary policy in the Sunday Star Times (thanks to a link from Rates Blog). I disagreed with many of the things you said, but I really don’t think our conclusions are that separate when we look through the issues. First on my disagreements: I don’t agree that monetary policy needs …
Monthly Archive: November 2009
Permanent link to this article: http://www.tvhe.co.nz/2009/11/30/dear-rod-oram/
Nov
25
2009
More good news for NZ!!
Guess what. The EU subsidies on dairy products, introduced at the start of this year, are GONE. Now US, step up to the plate and dump yours. Or are we going to move into a situation where the United States is more protectionism than Europe …
Permanent link to this article: http://www.tvhe.co.nz/2009/11/25/more-good-news-for-nz/
Nov
24
2009
The carry trade and mortgage rates: Shifts and movements
Anyone who has done first year economics will know about shifts and movements. When I tutored the course I would make funny hand gestures trying to illustrate it, hand gestures that were mildly less weird then when I talk about price floors and ceilings. Still, there has been a lot of banging on about the …
Permanent link to this article: http://www.tvhe.co.nz/2009/11/24/the-carry-trade-and-mortgage-rates-shifts-and-movements/
Nov
24
2009
Some good news for New Zealand
This graph illustrates some positive structural factors for NZ methinks: HT Greg Mankiw’s blog.
Permanent link to this article: http://www.tvhe.co.nz/2009/11/24/some-good-news-for-new-zealand/
Nov
24
2009
A couple of good articles on monetary policy reform
Here are a couple of good articles on the monetary policy debate. First from Australia (and this fine blog with more discussion here and here): Meanwhile, the central bank’s primary focus on inflation recognizes that monetary policy needs to be based on a single instrument and policy objective. Pursuing multiple objectives with multiple instruments, as …
Permanent link to this article: http://www.tvhe.co.nz/2009/11/24/a-couple-of-good-articles-on-monetary-policy-reform/
Nov
20
2009
One thing to keep in mind …
I have noticed a lot of talk about how we need to change the monetary policy paradigm (like here, here, here, here, and here). Comments here, and here, have been especially vocal. There has been a lot of talk of monetary policy being “20 years old” so we should “fix it”. However, what is monetary …
Permanent link to this article: http://www.tvhe.co.nz/2009/11/20/one-thing-to-keep-in-mind/
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