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Comments on: Inquiry suggests lower wages and taxpayers taking on firm risk http://www.tvhe.co.nz/2013/06/17/inquiry-suggests-lower-wages-and-taxpayers-taking-on-firm-risk-to/ The Visible Hand in Economics Wed, 30 Oct 2013 09:43:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: stay tech http://www.tvhe.co.nz/2013/06/17/inquiry-suggests-lower-wages-and-taxpayers-taking-on-firm-risk-to/#comment-42394 Wed, 30 Oct 2013 09:43:00 +0000 http://www.tvhe.co.nz/?p=8891#comment-42394 Great post.Thank you very much .http://www.24x7stores.com/

]]> By: The dangers of “financial stability” | The Dismal Science http://www.tvhe.co.nz/2013/06/17/inquiry-suggests-lower-wages-and-taxpayers-taking-on-firm-risk-to/#comment-41302 Mon, 01 Jul 2013 01:01:38 +0000 http://www.tvhe.co.nz/?p=8891#comment-41302 […] bother defending the Bank from politicians who act like the RBNZ is responsible for everything (here, here) if the Bank is keen to make arbitrary ill-defined statments that seem to imply just […]

]]> By: BS from the BIS? | Fifth Estate http://www.tvhe.co.nz/2013/06/17/inquiry-suggests-lower-wages-and-taxpayers-taking-on-firm-risk-to/#comment-41262 Tue, 25 Jun 2013 11:24:51 +0000 http://www.tvhe.co.nz/?p=8891#comment-41262 […] over here suggesting they should do EVERYTHING is because it is wildly inappropriate (lately here andhere).  Not only is it outside their mandate, but as I noted on this bubble post, it violates […]

]]> By: BS from the BIS? | TVHE http://www.tvhe.co.nz/2013/06/17/inquiry-suggests-lower-wages-and-taxpayers-taking-on-firm-risk-to/#comment-41251 Mon, 24 Jun 2013 20:00:15 +0000 http://www.tvhe.co.nz/?p=8891#comment-41251 […] over here suggesting they should do EVERYTHING is because it is wildly inappropriate (lately here and here).  Not only is it outside their mandate, but as I noted on this bubble post, it violates […]

]]> By: Gareth Morgan, housing, and blaming the RBNZ | TVHE http://www.tvhe.co.nz/2013/06/17/inquiry-suggests-lower-wages-and-taxpayers-taking-on-firm-risk-to/#comment-41197 Wed, 19 Jun 2013 01:57:00 +0000 http://www.tvhe.co.nz/?p=8891#comment-41197 […] I’ve been saying “don’t blame the RBNZ’ for things a lot (here, […]

]]> By: Matt Nolan http://www.tvhe.co.nz/2013/06/17/inquiry-suggests-lower-wages-and-taxpayers-taking-on-firm-risk-to/#comment-41170 Mon, 17 Jun 2013 06:03:00 +0000 http://www.tvhe.co.nz/?p=8891#comment-41170 In reply to Blair.

I believe it was David Parket who went on a tour.

http://www.tvhe.co.nz/2012/08/30/defending-inflation-targeting/

After disagreeing with him there I went to this view:

http://www.tvhe.co.nz/2012/09/20/reframing-the-monetary-policy-debate-some-notes/

Parker went and talked to a number of excellent economists, who discussed policy failures overseas. He then took that, and applied it here, but from what I can tell he is taking things a bit out of context. That has led to a very industry level interventionist streak in what they are saying – on that is filled with all sorts of costs to households.

I think they may not have appreciated how good the structure was here, and how well our institutions performed in the face of a massive external shock.

]]> By: Blair http://www.tvhe.co.nz/2013/06/17/inquiry-suggests-lower-wages-and-taxpayers-taking-on-firm-risk-to/#comment-41169 Mon, 17 Jun 2013 05:17:00 +0000 http://www.tvhe.co.nz/?p=8891#comment-41169 Given that David Shearer did a world tour talking to some top left-of-centre economists in 2012, it’s depressing this was the result.

]]> By: Matt Nolan http://www.tvhe.co.nz/2013/06/17/inquiry-suggests-lower-wages-and-taxpayers-taking-on-firm-risk-to/#comment-41164 Mon, 17 Jun 2013 00:22:00 +0000 http://www.tvhe.co.nz/?p=8891#comment-41164 In reply to Brennan McDonald.

Probably the most amazingly missed part in all of this is the “time dimension”. Is it short-run volatility that is the problem (in which case I would be a touch suspicious about firm level management) or is it a “long-run” misalignment issue … which has nothing to do with anything they’ve talked about here.

How can we talk about any of this stuff without a clear time dimension, it is incoherent 😛

]]> By: Brennan McDonald http://www.tvhe.co.nz/2013/06/17/inquiry-suggests-lower-wages-and-taxpayers-taking-on-firm-risk-to/#comment-41163 Mon, 17 Jun 2013 00:12:00 +0000 http://www.tvhe.co.nz/?p=8891#comment-41163 The report has provided some fun during exam period. The sad thing is that the median voter buys this stuff hook, line and sinker. We have a bias towards stuff over services, even if services are where our comparative advantage lies.
In terms of successful exporters – they exist and they’re making new markets for themselves. The manufacturers who are hurt by the status quo are the ones who think in terms of “cost plus profit margin”.
The discussion around hedging is a bit silly. They wouldn’t complain about the cost of insurance for a factory fire, and know full well that banks offer longer term currency hedging options in exchange for a higher margin – which makes perfect sense!

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