Entries by Gulnara Nolan

Is the gym ripping me off: An Economic perspective

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? […]

2019 NZIER Economics Award

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 […]

Neo-fisherism and unconventional monetary policy- is it a solution to low inflation?

It took me a while to convince myself to write about “neo-fisherism” as a solution to low trend inflation. The motivation behind neo-fisherism is relatively intuitive – we have observed nominal interest rates and inflation move together, and require an explanation that supports that stylised fact.  Furthermore, the idea behind neo-fisherism is that there is […]