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.

QE3: Forward guidance, debt purchases, unemployment target - The Dismal Science

Sep 13, 2012

As expected, the US Federal Reserve announced QE3 early this morning NZ time. In the statement, they commit the the purchase of mortgage debt people expected (carrying on for an undefined period of time), they state they will keep the cash rate exceptionally low until at least mid-2015 (which was anticipated) – but they also [...]

BERL report on changing the PTA - The Dismal Science

Sep 13, 2012

I tend to avoid criticising other economists, especially inside New Zealand.  However, the BERL-NZ First report into inflation targeting has crossed a threshold where I feel saying nothing would be more inappropriate than voicing my disagreement. I have discussed the issue on my work website here.  In that article I solely discuss the idea of [...]

Are real Austrian economists neoclassical? - The Dismal Science

Sep 12, 2012

According to this lovely post, the answer is yes (ht Economist’s View).  Choice quote: Does Davidson know what a neoclassical policy is? Does Boettke? Does anyone? I don’t think so, because neoclassical economics, as such, has no policy agenda. But whatever a neoclassical policy might be, Davidson assures us that Hayek is totally against it. [...]

Debunking Keen on Bernanke: The issue of debt deflation - The Dismal Science

Sep 12, 2012

From Twitter, and email adverts, I’ve heard the Steve Keen is or was in town discussing economics.  That’s good, everyone should be discussing economics. As you may have noted earlier both Anti-Dismal and myself have had issues with Keen’s analysis in the past – his criticism of microeconomics is just patently wrong.  However, I intend [...]