Did an article on why we should leave the Reserve Bank Act alone in the Dom this week. Given I’m too lazy to put up new material this morning I will just link to it (on Rates Blog, on the Infometrics site).
Money quote:
Warping the Reserve Bank Act to focus on a multitude of different goals will not solve these underlying issues; it will just cloak the symptoms by damaging other sections of the economy. Although pretending to solve an issue may be beneficial for politicians, it is not the best way to run New Zealand economic policy.
Update: A bit of pointless filler – again because I’m not up to writing anything fresh today 
2 pings
TVHE » A little bit of filler on monetary policy: An addition to the Dom article says:
December 8, 2009 at 10:02 am (UTC 12 )
[...] working on the Dom Post article I was given a few questions I might get. I quickly tried to rope together some incredibly [...]
TVHE » Monetary policy discussion in the US says:
December 21, 2009 at 7:03 am (UTC 12 )
[...] From over here: [...]