I’m current reading a paper discussing the different ways of measuring Gini mean difference (a statistical measure which you in turn use to get the Gini coefficient) and writing summary articles on HES expenditure, NIIP (including post-2009 revisions) in NZ and Aussie, and expenditure GDP factor shares for clients. As a result, I’m not brimming with insightful commentary, although I am having fun.
However, there is a question I’d love to hear your views on. Should we be restarting contributions to the “Cullen Fund” pretty soon? Here are some reasons that may support it:
- We are nearing surplus/concerns about the government fiscal position are less significant.
- We are experiencing a high high terms of trade. In some ways, the boost in prices for dairy products could be seen as a natural resource “boom”. In that case, could the Cullen Fund be seen as an appropriate sovereign wealth fund?
- The Cullen Fund was put in place because of concerns about the affordability of universal superannuation, these concerns still exist and if we are completely unwilling to increase the retirement age …
I do not have a comprehensively thought out view on this, I haven’t look at relevant data and fiscal accounts are my area of interest. Hence why I thought I’d ask some of you fine people who have no doubt put more consideration into these issues 😉