Latest posts
  • The Unreserved Bank

    The RBNZ needs urgent clarification that the Monetary Policy Committee will only pursue monetary goals, even under conditions of quantitative easing. [...]
  • The Unreserved Bank of New Zealand

    As the Reserve Bank takes on fiscal functions, its political neutrality and commitment to monetary stability, as well as maximum sustainable employment, need to be re-emphasised. [...]
  • The weird world of negative interest rates

    Unless you have a mortgage or you are the Minister of Finance, it is a world you would not want to inhabit. But for millions of Europeans, that may soon be reality. We can only hope that even after the RBNZ’s next cut, New Zealanders will not contemplate going into the topsy-turvy world the Germans are about to enter. [...]
  • Given the past and current closeness of Treasury and the Reserve Bank, should not a monitoring agent be more removed from the object it is supervising? [...]
  • He famously claimed his chances of becoming Prime Minister were “about as good as the chances of finding Elvis on Mars, or my being reincarnated as an olive”. It probably means Boris Johnson will be a pizza topping in his next life. [...]
  • All’s well that ends well. There is a temptation to sum up the resolution of the European Union’s personnel-finding troubles in such a Shakespearean way. [...]
  • Danish lessons

    19/07/2019

    Whatever Denmark does, it can only do so because it is backed by impressive productivity. If New Zealand wants to improve its wellbeing, it needs to lift its abysmally low productivity first. [...]
  • Next week, The New Zealand Initiative will be taking a delegation of more than three dozen senior business leaders to Copenhagen. Our members want to study and experience first-hand what makes Denmark one of the world’s most successful small countries. [...]
  • Monty Python prepared me for the absurdities of British life. Without Monty Python, I would be even more hard-pressed to make sense of Brexit. [...]
  • Denmark last Wednesday elected a Social Democrat-led government – so what else is new? [...]
  • Winston Peters’ comments on the 30th anniversary of the Tiananmen Square massacre were candid. Where Western politicians have turned not upsetting China over its human rights record into an art form, the Foreign Minister left diplomatic niceties behind. [...]
  • If you are a New Zealander watching this strange post-EU elections process with a sense of disbelief from afar, do not be too puzzled: Most Europeans do not understand it either. [...]
  • Why Huawei?

    24/05/2019

    No wonder Donald Trump is worried about the technological and commercial threat Huawei’s poses to US companies. [...]

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