Although GDP is a good measure of what it is supposed to measure, there are always questions about whether it is the right measure when asking a given policy question. This was the driving motivation behind the Living Standard’s Framework and the development of a suite of measures to inform our views on wellbeing, as […]
As per my earlier post, this follow up aims to understand how uncertainty influences monetary policy. Although we will use the lens of investment, these arguments hold for planned expenditure in the economy more generally.
Why uncertainty matters? The OECD has been warning everyone (Economic outlook 2019) , that the trade policy tension and uncertainty around it hit global economy hard. My question is, how can we think about uncertainty and its influence on monetary policy?
Last week I re-joined gym with Les Mills, as my previous fitness club (Revive) got shut down. The amenities provided and the corresponding higher price charged by Les Mills made two things come to mind: Why are the prices different between these gyms? Are they “extracting surplus” from me – in other words overcharging me? […]
NZIER had their annual NZIER Economics Award earlier in the week – or as we often call it NZ Economist of the Year. The winner for 2019 was John McDermott, current Executive Director and Motu and former Chief Economist of the RBNZ. John was an excellent choice for this award. He has contributed significantly to NZ and […]
As part of my job as a researcher I like to read about different topics – I have done work on health economics, labour economics, and more recently firm level economics. One topic that comes up across all these fields is the idea of a monopsony buyer for different things. Looking across this blog I’ve […]