New Zealand

Welcome to the 1970s

Perhaps the most urgent task is to realise that demand-side stimulus cannot fix supply shocks. Ultimately, it took policymakers most of the 1970s to finally realise that. [...]

Flying blind

Challenges, threats, and severe risks abound. But does New Zealand have the institutions to handle them? Does the government have the necessary capabilities? [...]

Our final Groundhog Day?

Unlike Groundhog Day, there is nothing funny about Covid. But just as in Groundhog Day, it will all eventually be over. Hopefully, this year. [...]

Social insurance lessons from Germany

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? [...]