Just come back from the sustainable economics conference – it is still going for a few hours, but it is just on politics now and I’m not a politician 😉 It was Green party hosted, so I have the impression that many of the ideas (especially when mentioned by their own MPs) were their ideas. […]
As a small little open economy, international variables are incredibly important to us. The international rate of return, world prices for tradable goods, and the availability of external people, goods, and services, all have a disproportionate impact on us. When discussing external prices, people constantly hear economists talk about the terms of trade (note, the […]
Following QEII I noticed a bunch of snark, sarcasm, and general analysis focusing on what we know (how an increase in the money stock, or inflation expectations, impacts upon the general economy) – this was troubling, as I wanted to find some analysis of exactly how QEII is supposed to function 😀 That is why […]
The combination of this article from Fran O’Sullivan, where she treats the NZ economy like a business, and the frankly poor Taskforce 2025 report has flustered me. [We have seen these actions before mind you] I aim to do a full post discussing the Taskforce 2025 report another time, when I have a moment, but […]
I see that we are back to discussing this sort of stuff, fair enough. There is a Herald article with Cunliffe expressly mentioning that the RBNZ should reduce volatility in the exchange rate, and Brian Fallow discussing currency intervention following the Fed. There are a few key points I would like us to keep in […]
This article on Bloomberg is something I largely disagree with – however, there is statement that needs more discussion. Quantitative easing is “terrorizing” the world economy and will lead to depreciation of the U.S. dollar, pushing down prices in Europe and exacerbating the continent’s sovereign debt crisis, Mundell said. The European Central Bank’s mandate to […]