Perhaps high office holders do not need a higher education, let alone an economics degree. But they should at least know, and respect, the limits of their power. [...]
Would we really like to end up with an arrangement that puts a massive wedge between people’s gross and net incomes? A system, by the way, that also harms employment outcomes, especially for the most vulnerable? [...]
The best thing about the German coalition document is that it shows the three parties are able to work together. Though not magical, it is a good start. [...]
If this Government has a long-term vision, it keeps it to itself. But whatever it is, Kiwis deserve to know it – and to figure out if they like where the Government wants to lead them. [...]
With Jens Weidmann’s imminent departure, the ECB will lose its most hawkish governor. The move will also symbolise the ECB’s transition into a less stability-oriented institution – right when high inflation expectations in Europe are taking hold. [...]