Mar
22
2011
There was an interesting little shift in the dollar recently – one that was a little bit surprising at first look. In the past month the dollar has been falling, first as a result of the Canterbury earthquake, then due to the 50bp cut in the official cash rate by the RBNZ. This all makes …
Permanent link to this article: http://www.tvhe.co.nz/2011/03/22/whats-going-on-with-the-dollar/
Mar
17
2011
There was an interesting comment from Andrew Coleman on a recent post of ours in which he laid out the reasons he sees for government intervention in saving behaviour. As I read it he put forward four reasons: People are time inconsistent People are poor at choosing good investment options People underinsure against catastrophe People …
Permanent link to this article: http://www.tvhe.co.nz/2011/03/17/just-because-theres-a-reason-doesnt-mean-you-should/
Mar
17
2011
Happy St Patrick’s day all. On this fine day, there is a song I’d like us all to remember – Seven deadly sins. My favourite part of the song goes: Some say that drinking’s a sin But a gargle is fine now and then For drinking has been in this world For ever and ever …
Permanent link to this article: http://www.tvhe.co.nz/2011/03/17/words-of-wisdom-on-st-patricks-day/
Mar
14
2011
We’ve had the reports back from a few expert working groups now and what was pointed out to me about the tax report, compared to the savings report, is that it had entirely different tax policy recommendations. The Tax Working Group was at pains to align our taxes such that they did not distort peoples’ …
Permanent link to this article: http://www.tvhe.co.nz/2011/03/14/battle-of-the-working-groups/
Mar
10
2011
I’m not sure if today’s rate cut was the right decision – I understand the justification for it, it is just hard to get past my inherent hawkish personality Still, I think that the rate cut is being slightly mischaracterised by those disagreeing with it – so I’m going to discuss it a little here.
Permanent link to this article: http://www.tvhe.co.nz/2011/03/10/a-brief-defence-of-a-temporary-cut/
Mar
10
2011
The Reserve Bank cut the OCR 50 basis points today, primarily on the back of the Canterbury earthquake. Their justification was based on a negative national confidence hit, on top of an already weak national economy. This framework was consistent with the thinking of many economists – so even with all this uncertainty, it appears …
Permanent link to this article: http://www.tvhe.co.nz/2011/03/10/post-quake-ocr-cut/
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