If you are not happy with the results below please do another search
I had to do a brief chat about the Global Financial Crisis, “mistakes” that were made, and the role of the international financial architecture, for a organisation I’m not naming with people I’m not naming. It was Chatham House rules, but nothing particularly rough was said – so I’m more not naming anything as I […]
From this entertaining discussion of the Rethinking Macroeconomics II conference comes this gem (ht Economist’s View) 8) Can we realistically solve the “too big to fail” problem? We have to solve it. If we can’t, then nationalize these behemoths and pay the people who run them the same wages as everyone else who work for […]
Previously we’ve talked a lot here about the lender of last resort function of a central bank. In discussions a trade-off is often discussed, whereby having a lender of last resort can help to prevent financial crises when financial intermediaries are suffering from issues of “illiquidity”, but are not “insolvent” – however, the existence of […]
I am surprised that no-one has mentioned the idea of a “bank run” on AMI in the comments to this previous post. Surely the justification for government action is that, without it, non-claimants would pull out of AMI due to concerns about AMI’s stability following the quake. If AMI was still SOLVENT but lacked sufficient […]
Yesterday the New Zealand Budget was released and described as “surprisingly frilly” for a no-frills Budget. As a result, is it inflationary? My answer is “no idea” – I just wanted to use the same title as the Australian Budget post. You yell inflation at me and I say “monetary policy offset through higher interest […]
Robert MacCulloch has written an interesting piece on economic advice within the public service in New Zealand (free link), with Eric Crampton noting a lack of trained economists in government as a key concern. Given the recent incoherent experience of rushed policy and advice on fuel taxes this seems like quite a pertinent discussion. I’m […]