Tagged: monetary policy

Visiting economists opine on NZ - The Dismal Science

Michael Reddell Apr 19, 2018

Lots of people, even abroad, look at New Zealand’s economy.   For example, there are ratings agencies selling a commercial product to clients, and there are investment funds putting their own and clients’ money at risk.   And then there are the government agencies; notably the IMF and the OECD. Every year or so, a small team of IMF … Read More

Policymaking when you don’t know where you are - The Dismal Science

Donal Curtin Mar 11, 2015

Last week the Reserve Bank published the latest in its Analytical Note series, 'The Reserve Bank’s method of estimating “potential output”' (pdf here). If you're into macroeconomics in general or monetary policy in particular, you probably don't need your hand held about what potential output, and the output gap, are, but in case it's passed you by, the Note … Read More

More house lending controls to come? - The Dismal Science

Donal Curtin Feb 17, 2015

As we all know, the Reserve Bank is in a difficult spot.It can't easily raise rates. It probably doesn't want to anyway, since (as I've argued before), overall monetary policy conditions are already too tight. But even if it did, the Kiwi dollar would appreciate, or at the very least not fall to the levels the RBNZ would like: … Read More

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