Tagged: Reserve Bank

Charging for official information - The Dismal Science

Michael Reddell Jan 26, 2016

Debate over the Reserve Bank’s new charging policy has continued.  Under a heading “The perils of user-pays democracy” Bryce Edwards had a nice summary of the articles and commentaries that had appeared by late last week.   And since then the flow has continued –  including a Rob Hosking piece in NBR, a Dominion-Post article about, and interview … Read More

An interpretation of the OCR decision - The Dismal Science

Bill Kaye-Blake Feb 01, 2013

I’m finding this monetary discussion interesting and useful. Matt Nolan and Eric Crampton have added a lot to it. Since the Reserve Bank decided yesterday to leave the OCR unchanged at 2.5%, I thought I’d offer an interpretation. The Bank is balancing several different concerns. Some factors point toward looser policy: inflation below the target band, [...] … Read More

Experts agree — times are tough - The Dismal Science

Bill Kaye-Blake Jan 29, 2013

This wasn’t supposed to be a monetary policy week, really. It’s just worked out that way. Two bits crossed my desk this morning emphasising the tight conditions, possibly too tight. The NZIER Shadow Board opinion was released this morning. The Board is a group of economists that NZIER has organised to provide peer review of [...] … Read More

More on the turn from zero budgets - The Dismal Science

Bill Kaye-Blake Jan 29, 2013

My last post said that it was good to see the Government thinking my way. Specifically, its economic policy depended on a coupled austerity-Christchurch rebuild plan that didn’t work out. They have, I believe, seen the light on Christchurch and are turning away from austerity, i.e., zero budgets. Eric Crampton of Offsetting Behaviour commented. My reply got [...] … Read More