Not so much from a lack of nominal income but from rising mortgage interest rates
Read MoreWhy Did Child Poverty Increase Recently?
inflation
Does the Inflation Target Have to Shift?
here is a view that the world economy is entering a period of higher inflation and higher nominal interest rates, but who knows? Presumably New Zealand has to follow.
Read MoreWhat State is the Economy In?
‘There is little doubt we face a fully-fledged economic crisis, beyond the current cost of living crisis.’ (Matthew Hooton, New Zealand Herald , 30 September 2022)
Read MoreFighting Past Inflation Battles
Too many commentators on current price pressures have not understood that this time it is very different from the 1970s. Their prescriptions may accelerate inflation.
Read MoreWhat is Really Causing the Sharp Price Rises
Reductions in effective productivity, largely as a result of events overseas, require reductions in real incomes. Ignore that and you cannot defeat inflation.
Read MoreThe Economic Costs of Warfare
We do not go to war for free; we need to factor its economic costs and its consequences into public discussions.
Read MoreHas fiscal responsibility become a false idol?
With most of the economic policy options for the coming NZ election now in front of us, it would appear we are continuing down the route of GDP growth, low inflation, government surpluses and Triple A credit ratings as measures of economic policy success. But, these are only means towards some desired ends or ultimate goals?
Read MoreWill Housing Prices Crash?
What are the possibilities for the future housing prices? What can we do?
Read MoreStrong New Zealand dollar doesn't mean strong New Zealand economy; it just means our interest rates are higher
What we are witnessing is an old fashioned ideological debate, dressed up as economics.
The high dollar and its causes suit people who have a lot of New Zealand-denominated wealth; a lower dollar is better for producers - people who use capital to earn money.
Read MoreWho moved the inflation goal posts?
The inflation policy target has been missed regularly over the past two years, and will be missed for another year. The evidence is that the target has been moved. So by who? And will we be let in on the secret?
Read MoreThe Reserve Bank Act - time for a review
This year marks 25 years since the Reserve Bank Act 1989 was passed. While it has enjoyed a high degree of cross-party support over that period, the original settlement is unwinding and it is now time for a review. That need not involve throwing the anti-inflation baby out with the bathwater, nor the politicisation of a significant public institution.
Read MoreWorld News Brief, Wednesday January 29
Ukraine's PM offers resignation; Thailand to hold general election; Japan raises tension over disputed islands -- in classroom; Sisi set to contest Egyptian leadership; India's central bank attempts to curb inflation; and more
Read MoreThe dark side of the rock star economy
Why is there this clamour for a rise in interest rates? Just what are we trying to achieve?
Read MoreWorld News Brief, Friday November 1
Egypt continues crackdown on Muslim Brotherhood; Asian governments demand explanation for US surveillance; Bank of Japan says country will reach inflation target in 2015; Syrian chemical weapons equipment destroyed; Russia targets Dagestan insurgents; and more
Read MoreWorld News Brief, Wednesday October 30
Obama administration considers ending surveillance of allied heads of state; China suspects Tiananmen Square crash a suicide attack; North Korea at work on missile launch site; India raises interest rates to curb inflation; US intensifies efforts to capture Joseph Kony; and more
Read MoreWorld News Brief, Thursday March 14
Member of EU Syria delegation killed in Damascus; Filipino Muslim sect denies leader killed in encounter with Malaysian security forces; People's Bank of China focuses on managing risks of inflation; five die in suicide attack in Kashmir; Turkish hostages released; and more
Read MoreInflation control first, or The Daddy Bear Guide to Monetary Policy
Imagining Reserve Bank Governor Graeme Wheeler as a popular children's book character. Will he learn the lesson of 'what is smart and what is not'?
Read MoreWorld News Brief, Wednesday September 26
UN gets briefing on Syria; Japanese fire water cannons at Taiwanese boats; China commissions its first aircraft carrier; two US marines face charges for urinating on Taliban bodies; IMF warns Argentina it must provide reliable inflation and GDP statistics; and more
Read MoreNational News Brief, Wednesday January 21
Read Barack Obama's inauguration speech; biggest drop in inflation in 10 years; ANZ and ING being investigated by Commerce Commission; melting ice shelf could cause sea level rise; bullying fears outweigh most others for teens; Paula Bennett wins kudos for breaking up fight
Read MoreNational News Brief, Monday October 20
GST and taxes could jump in next five years; interest rate to dive; inflation at 18-year high; Key wants to work on lending guarantee; marriage breakdown could cost taxpayers $1b a year; Rings actors finally get payday; and more
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