Category Archive: New Zealand Economics

Feb 19 2012

High maintenance women?

Female prisoners are far more expensive, per head, than male prisoners. The Dom Post seems to think that’s a bad thing: Women behind bars are more expensive than even the most dangerous offenders in maximum security, with their daily cost to the country rising by $150 in the past five years. Only, further down the …

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Permanent link to this article: http://www.tvhe.co.nz/2012/02/19/high-maintenance-women/

Feb 17 2012

Who should be discussing the comparability of statistics?

There was an excellent speech by Alan Bollard discussing why New Zealand’s GDP is difficult to compare to other countries – and if we measured things the same way we would not look as poor at all.  This is a great point, and is well made. However, I’m not dealing with that point here – …

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Permanent link to this article: http://www.tvhe.co.nz/2012/02/17/who-should-be-discussing-the-comparability-of-statistics/

Feb 16 2012

Crafar decision overturned

The Court has now decided that the OIO’s decision was a poor one. I’m no lawyer, but the key point of the decision seems to be that the OIO used the wrong counterfactual in assessing the benefits to New Zealand. For any cost-benefit analysis, such as the OIO has to conduct, one of the most …

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Permanent link to this article: http://www.tvhe.co.nz/2012/02/16/crafar-decision-overturned/

Feb 16 2012

What does market monetarism say about NZ during the crisis?

The Money Illusion has popularised the idea of market monetarism, leading to strong claims overseas that there needs to be more monetary easing.  This is all well and good, and in fact I long agreed with many of the policy recommendations that have been stated (although I am not a complete proponent).  But if we …

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Permanent link to this article: http://www.tvhe.co.nz/2012/02/16/what-does-market-monetarism-say-about-nz-during-the-crisis/

Feb 15 2012

Is that an inflation target …

Or are you just flirting with me Bank of Japan? In truth the BOJ has tried to hold back from an explicit 1% inflation target, and is just discussing it as a “near term goal”.  While this isn’t as positive as the Fed move to an explicit inflation target, and Australia and New Zealand’s long-term …

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Permanent link to this article: http://www.tvhe.co.nz/2012/02/15/is-that-an-inflation-target/

Feb 10 2012

Australia and New Zealand in monetary policy

Sorry for my lack of posting recently, my high level of disorganisation is taking its toll at what is quite a busy time for some reason. As a result, I will post today with a comment I wrote somewhere else – hopefully, one day I can do a real post on this issue Over at …

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Permanent link to this article: http://www.tvhe.co.nz/2012/02/10/australia-and-new-zealand-in-monetary-policy/

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