That is the story for this, that and the fact that our stock of debt is still elevated. My view of where we are heading has been heavily downgraded over the past week. NZ policy makers have done a great job, the government and the RBNZ have been sensible. NZ households have worked with what …
Category Archive: New Zealand Economics
Permanent link to this article: http://www.tvhe.co.nz/2011/09/30/nz-downgrade-on-high-debt-foreign-incompetence/
Sep 26 2011
A point on inflation for all of us to remember
From the always excellent Money Illusion blog: The key point is that if the Fed pays attention to inflation at all, it should be increases in the price of stuff built with American labor. They shouldn’t care about the inflation rate that matches some mythical “cost of living,” as the Fed can’t do anything about …
Permanent link to this article: http://www.tvhe.co.nz/2011/09/26/a-point-on-inflation-for-all-of-us-to-remember/
Sep 23 2011
Why I’m in a bad mood
Agnitio asked me what has been going on recently, as I was complaining its a mess. I emailed him my summary, so I thought I’d also put them down here: The ECB announced that its going to accept some things as collateral – but dump others. Leaving markets confused about what the hell was going …
Permanent link to this article: http://www.tvhe.co.nz/2011/09/23/why-im-in-a-bad-mood/
Sep 22 2011
Stumbling to another crisis?
Operation Twist hasn’t gone down particularly well has it. It could be that the policy was smaller than expected, it could be that growing political angst has made the idea of further Fed stimulus seem more unlikely, but either way a drop in asset prices and falling inflation expectations isn’t what we want to …
Permanent link to this article: http://www.tvhe.co.nz/2011/09/22/stumbling-to-another-crisis/
Sep 21 2011
Why we need an impartial organisation to cost all the parties policy platforms
FFS, just when it sounded like the Greens were going to come up with sensible policy prescriptions we get this absolute piece of rubbish. If this is how we base policy why don’t people just make plans as follows: I will talk with people in important tones during very serious meetings, I will offer to …
Permanent link to this article: http://www.tvhe.co.nz/2011/09/21/why-we-need-an-impartial-organisation-to-cost-all-the-parties-policy-platforms/
Sep 21 2011
Youth minimum wage and youth outcomes
One question I’ve been receiving a lot during presentations is “what is the cause of the really high youth unemployment rate”. I have been answering with two things: The youth minimum wage was significantly increased, making young people more expensive (but also making more young people want to participate in the labour market) A recession …
Permanent link to this article: http://www.tvhe.co.nz/2011/09/21/youth-minimum-wage-and-youth-outcomes/
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