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Comments on: Immigration and monetary policy: Let’s be a bit careful http://www.tvhe.co.nz/2014/05/02/immigration-and-monetary-policy-lets-be-a-bit-careful/ The Visible Hand in Economics Wed, 14 May 2014 01:02:12 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Labour’s alternative budget | The Dismal Science http://www.tvhe.co.nz/2014/05/02/immigration-and-monetary-policy-lets-be-a-bit-careful/#comment-43144 Wed, 14 May 2014 01:02:12 +0000 http://www.tvhe.co.nz/?p=11324#comment-43144 […] a result, I don’t have much to say about it (the monetary policy has been discussed here and here – I should look into the others at some point and do posts), I summed up my view on […]

]]> By: web designer http://www.tvhe.co.nz/2014/05/02/immigration-and-monetary-policy-lets-be-a-bit-careful/#comment-43070 Mon, 05 May 2014 08:09:00 +0000 http://www.tvhe.co.nz/?p=11324#comment-43070 Thank you for sharing this information it is nice blog..

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]]> By: Matt Nolan http://www.tvhe.co.nz/2014/05/02/immigration-and-monetary-policy-lets-be-a-bit-careful/#comment-43064 Fri, 02 May 2014 01:42:00 +0000 http://www.tvhe.co.nz/?p=11324#comment-43064 In reply to Michael Reddell.

Hi,

Yes, completely – your paper was very clear on that, and the fact that the discussion was one of medium-long term issues not short-term cyclical policy. I had tried to word the post appropriately to capture the fact that Labour policy may have started life in that direction by saying “bears some relation” – but I can see how that makes it sound like the two are related (when they are not).

I will update the post to clarify. Cheers.

]]> By: Michael Reddell http://www.tvhe.co.nz/2014/05/02/immigration-and-monetary-policy-lets-be-a-bit-careful/#comment-43063 Fri, 02 May 2014 01:13:00 +0000 http://www.tvhe.co.nz/?p=11324#comment-43063 Matt

Just to be clear, my paper that you linked to does not (at all) encourage consideration of trying to manage fluctuations in migration as a short-term counter-cyclical instrument. To the extent that the paper had policy implications, it encouraged consideration of a lower average level of inward migration of non-NZ citizens. My focus was on averages of the last decade or two, not on fluctuations from year to year (many of which are outside policy control, since they represent NZers coming/going in response to cyclical differences in the NZ and Australian labour markets).

Julie Fry’s recent Treasury working paper on immigration http://www.treasury.govt.nz/publications/research-policy/wp/2014/14-10 is also focused on the non-citizen programme over fairly extended periods.

]]> By: Immigration and monetary policy: Let’s be a bit careful http://www.tvhe.co.nz/2014/05/02/immigration-and-monetary-policy-lets-be-a-bit-careful/#comment-43062 Fri, 02 May 2014 01:01:36 +0000 http://www.tvhe.co.nz/?p=11324#comment-43062 […] By Matt Nolan […]

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