An inflation crisis of the Government’s making
What if the same politicians now trying to save us from high prices caused our current situation? [...]
Monetary policy
Do politicians need economics degrees?
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. [...]
The end of the Bundesbank era
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. [...]
When central bankers want to be politicians
Once upon a time, central bankers did not tweet. And perhaps that was just as it should be. [...]
News from the Unreserved Bank
The Minister of Finance and the Reserve Bank Governor should urgently reaffirm what the role of the RBNZ ought to be. [...]
Reserve Bank is coming full circle
If experience is anything to go by, the new RBNZ era will end in tears and inflation and it will take another Minister of Finance, and another RBNZ Governor, to clean up the mess. [...]
The coming monetary crisis in Europe
Europe's crisis was bad but not as bad as it could have been. Still, the worst is yet to come. [...]
Why this is the biggest global bailout in history
Enjoy the relatively positive economic data while it lasts. But do not believe for a second it is sustainable. [...]
International confidence matters
To keep international investors’ trust, we must remain squeaky clean in our fundamental economic institutions. If we are not, New Zealand will come out of the Covid-19 crisis as a broken economy and a failed state. [...]
Administering monetary medicine
Clinical research has found that a doctor’s reassurance promotes health outcomes and healing. With central banks, it is the same. [...]