Monetary policy

Inflation and the smoking gun in the case of NZ’s central bank

Never in the past two decades has the RBNZ deviated so much from where it should have set its OCR. The difference is so enormous, it calls into question the RBNZ’s professional judgement. [...]

Focus on price stability

We need central banks globally to refocus on their core task: price stability. [...]

Paying the price for economic mismanagement

The Government’s economic competence will determine how long and how deep our economic downturn will be. [...]

The inflation lesson we failed to learn from

It is a pity we hardly teach history anymore. Or economics. Let alone economic history. Because if we knew a bit about the past, we might have a better idea of our future. Especially as we are grappling with inflation. [...]

NZ Reserve Bank virtue signalling rings hollow

No amount of virtue signalling and cultural appropriation can be a substitute for good policy-making. [...]

Māori deserve better than the RBNZ’s cultural appropriation

Māori are not responsible for a central bank that has lost its way. [...]

Europe’s path to Mexico’s debt crisis

The moderate increases in the European Central Bank’s interest rates are far from being brutal but the writing is on the wall that Europe’s monetary party is about to end, and Southern Europe has remarkable parallels to Mexico and Latin America in the 1980s. [...]