Reserve Bank of New Zealand
We are going into the budget season when economic forecasting becomes especially prominent. There is a huge gap between how professional forecasters think about the exercise and how the commentariat treats forecasts. Here are some insights into the way those forecasters think, even if it is boring compared to what is in the public rhetoric.
Read MoreThe Government’s new arrangements with the Reserve Bank represent an explicit acknowledgement of a major shift in theoretical underpinnings; whether it makes much change to the Bank’s operations is another matter.
Read MoreThe retirement of the Governor of the Reserve Bank of New Zealand leads to a reflection on what has been really going on.
Read MoreAre Labour’s proposals for the changing the way the Reserve Bank operates sensible or nutty (as nutty as the current legislation)?
Read MoreThe Reserve Bank cannot deliver affordable housing by itself. Its actions have to be coordinated with the government's. Unfortunately the monetarist framework of the Reserve Bank Act obscures this.
Read MoreWhile the Reserve Bank may have startled everyone by asking the government to take a fresh look at taxation on investment housing, the recent statement by the Deputy Governor indicates that we are inching towards a more holistic approach to macroeconomic policy.
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