With all this talk about a zero lower bound and unconventional monetary policy I was keen to refresh myself on “liquidity traps” – as I remember people chatting away about these when I was at university. So what is a liquidity trap, how does it refer to what is going on now, and how can […]
Forward guidance and unconventional monetary policy I recently noticed that swap rates purchases were discussed as an unconventional monetary policy tool are discussed in Reserve Bank’s bulletin “Aspects of implementing unconventional monetary policy in New Zealand”. Namely, they state: “Purchasing interest rate swaps could be a way to signal that the Reserve Bank expects to […]
People, who are in labour force, generally spend one third of their daily time at work. A lot of them find working five days a week quite stressful and there are various reasons for it. I often question myself how the counterfactual of my work-life balance might look like to keep me motivated at work […]
Coffee consumption and Wellingtonian’s willingness to pay for it is a puzzling topic to me. Due to cultural habits coffee is a highly preferred morning beverage in New Zealand. There are lots of coffee shops in Wellington offering pretty much similar variety of coffee products and yet even with the flood of providers there is […]