Reductions in effective productivity, largely as a result of events overseas, require reductions in real incomes. Ignore that and you cannot defeat inflation.
Read MoreWhat is Really Causing the Sharp Price Rises
fiscal policy
Where is Fiscal and Monetary Policy Going?
Treasury has announced that it is having a major review of its macroeconomic policy framework.
Read MoreWhat is the Significance of a Big Government Fiscal Surplus?
Does the Government’s Big Surplus Mean it Can Spend Up and Tax Down?
Read MoreRestoring Fiscal Responsibility
The times are a’changing, as recent macroeconomic fashions are being abandoned and old verities are being restated.
Read MoreCan Te Awamutu Have its Own Independent Central Bank?
Pretending it can, or that the Reserve Bank of New Zealand can function independently from the rest of the world, could generate a financial crash.
Read MoreGovernment thinks growth needs to slow down?!
One take out from today’s budget says it all.
Read MoreIn that ye provoke me unto wrath with the works of your hands ...
Fran O'Sullivan doesn't like it when commentators present their readers with "very thin analysis". Perhaps she ought to stop doing so, then.
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