Mayes on QE
Former Reserve Bank Chief Economist David Mayes writes in the Herald: Printing money is usually a last resort that seriously troubled countries use to stave off collapse, and not some mysterious trick...
View ArticleBank of England Governor on quantitative easing
The Financial Times reports: Sir Mervyn warned there were limits to the BoE’s policy of quantitative easing, under which it prints money and injects it into the economy by purchasing bonds: “Printing...
View ArticleBrash on monetary policy
Don Brash writes in the Herald: Your columnist Bernard Hickey often writes articles with which I agree, but he has a real blind spot about monetary policy. Not long ago he was advocating printing money...
View ArticleFallow on monetary policy
Brian Fallow writes in the NZ Herald: Listening to a procession of manufacturers say their piece to the parliamentary inquiry into manufacturing this week, two things were clear. One is that the high...
View ArticleHow they plan to pay for their promises
This is the alternative. They honestly seem to believe that you can enrich a country by just printing more money. I thought this lunacy died out with Social Credit. The only Western countries doing...
View ArticleThe problem for Shearer
The undisclosed bank account is posing some challenges for David Shearer, beyond just the transparency issue. Stuff reports: Shearer told Fairfax Media yesterday there was no advantage to having the...
View ArticleIMF on monetary policy
The Herald editorial: It is always useful to get a global perspective on issues that are the subject of local political wrangling. Light is generally shed on areas that may be clouded by the heat...
View ArticleGreens dump printing money plan – for now!
Vernon Small reports: The Greens have dumped their call for quantitative easing – or printing money – after it became an electoral liability for the party and a future Labour-led government. Green...
View ArticleWho should set the cash rate?
The Greens have proposed that the Reserve Bank Board should set the official cash rate, not just the Governor. It’s a reasonable debate to have, but one that seemed familiar. I was sure the issue had...
View ArticleNZIER on who should set the cash rate
NZIER have published this note: The Greens’ idea to use the Reserve Bank Board to make monetary policy might improve decision-making but using a board designed to represent industry, risks compromising...
View ArticleEconomic confusion from Cunliffe
Jamie Whyte blogs: David Cunliffe today gave a speech to the New Zealand Initiative, an economics think tank. The talk outlines the Labour Party’s economic policy. It displays so much economic...
View ArticleLabour proposes a cut in everyone’s after tax income
David Parker has announced: Introduce a new tool – a variable savings rate or VSR – allowing the Bank to vary KiwiSaver savings rates (which would be universal under Labour) as an alternative to...
View ArticleReaction to Labour’s monetary policy
The Dom Post is supportive: Unlike its recent pronouncements on trucks in highway fast lanes, or the flagging national demand for wood, Labour’s ambitious new monetary policy has real heft. The idea...
View ArticleHow big an impact would variable compulsory saving have?
The Herald reports: More than 300,000 business owners and self-employed people would be exempted from Labour’s new policy to make workers pay more into KiwiSaver to dampen inflation in boom times....
View ArticleAlexander on Labour’s monetary policy
BNZ Chief Economist Tony Alexander analyses the likely impacts of Labour’s monetary policy. Some surprises as he summarises: Long tern Kiwisaver returns will be reduced as savers are forced to buy more...
View ArticleHow much will take home pay drop?
Stuff reports: National wants Labour to say how much its policy to keep interest rates down will cost wage earners, calculating it would need to strip an extra 6 cents of every dollar earned to equal a...
View ArticleLabour still refusing to calculate impact of VSR
Stuff reports: Labour is still refusing to put a figure on the probable impact of its plan to let the Reserve Bank lift KiwiSaver contributions to fight inflation. There’s only two possible...
View ArticleEconomics from a different Labour candidate
A commentator at The Standard said: The second biggest NZ political deception of a lifetime is Labour claiming that our country cannot afford to keep the retirement age at 65. Money is created...
View ArticleA meaningless change says ANZ
Stuff reports: Adding employment to the Reserve Bank’s targets may be no more than a “cosmetic” change, economists warn. On Monday Labour formally proposed adding a “commitment to full employment” to...
View ArticleA meaningless virtue signalling change
Stuff reports: The Reserve Bank will be required to consider how it can maximise employment when it is setting interest rates. Adrian Orr, who becomes governor of the Reserve Bank on Tuesday, signed...
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