Matt Nolan

Matt Nolan is an economist with the forecasting team at Wellington-based Infometrics. He enjoys writing on a broad range of economic issues; however his focus is on the household sector including the labour market and consumer spending. Within Infometrics, he is responsible for forecasting the outlook for consumer spending and the labour market, and giving clients an idea of the risks around these forecasts – and what they mean for their bottom line.

Outsourcing competence - The Dismal Science

Oct 05, 2012

So it seems that Stuff has decided that now it’s outsourcing its journalism to the public, it might as well try to do it with other people’s discipines as well – that combined with not knowing what economics is has led to the question “how do we fix the economy” The first solution has been [...]

Dealing with debt, financial regulation, and the lender of last resort - The Dismal Science

Oct 03, 2012

Previously we’ve talked a lot here about the lender of last resort function of a central bank.  In discussions a trade-off is often discussed, whereby having a lender of last resort can help to prevent financial crises when financial intermediaries are suffering from issues of “illiquidity”, but are not “insolvent” – however, the existence of [...]

The outlook for oil: An interview with Hamilton - The Dismal Science

Sep 26, 2012

Oilprice.com has a good interview with James Hamilton from Econbrowser up on their site.  I’d suggest taking a look As will one day become clear, one of the big drivers of the slowdown in the developed world has been the sharp increase in commodity prices – specifically oil.  While the global financial crisis was a major [...]

New RBNZ PTA - The Dismal Science

Sep 20, 2012

The new policy targets argreement is out today.  What have we got? For the purpose of this agreement, the policy target shall be to keep future CPI inflation outcomes between 1 per cent and 3 per cent on average over the medium term, with a focus on keeping future average inflation near the 2 per [...]

The cost determines the rule: Monetary policy - The Dismal Science

Sep 19, 2012

This is a good post on optimal monetary policy by Scott Sumner.  He says the following: I’ve often argued that the supposed “welfare costs of inflation” are better thought of as the welfare costs of volatile or excessive NGDP growth. It is good to see this assumption shown transparently – if this is indeed the [...]