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I’m a little perplexed to see Gareth Morgan come out railing against the Productivity Commission’s report on the housing market. Now when it was released, I thought the focus and justification were a bit funky – but that the analysis seemed largely sound. Gareth’s posts have been found here and here. He says that supply is […]
The new policy targets argreement is out today. What have we got? For the purpose of this agreement, the policy target shall be to keep future CPI inflation outcomes between 1 per cent and 3 per cent on average over the medium term, with a focus on keeping future average inflation near the 2 per […]
Following the Jackson Hole speeches there was this post over at Uneasy Money. The money section for me is: The reductions in long-term interest rates reflect not the success of QE, but its failure. Why was QE a failure? Because the only way in which QE could have provided an economic stimulus was by increasing […]
According to the Dom Post there is new research out showing that banning smoking in places that people socialise will reduce social smoking: New Zealand researchers believe fewer people would take up smoking socially if smoke-free rules extended to areas outside bars. Alone, that sounds pretty innocuous. But how does it justify a headline like: […]
I know we hear a lot about what “monetary policy is” in New Zealand. According to our media monetary policy can make our incomes the same as those in Australia, make the price of everything move in our favour, build us new houses, reduce our reliance on foreign everything, increase and decrease house prices, and […]
I am constantly criticised for not putting out conclusions for policy. So I thought with an election coming up, I’d put down my personal election platform … this should make obvious why no-one would vote for me, not even my mother 😉