While working on the Dom Post article I was given a few questions I might get. I quickly tried to rope together some incredibly average answers. I am going to post them here so I don’t lose them 😛
Did an article on why we should leave the Reserve Bank Act alone in the Dom this week. Given I’m too lazy to put up new material this morning I will just link to it (on Rates Blog, on the Infometrics site). Money quote: Warping the Reserve Bank Act to focus on a multitude of […]
There has been a lot of talk about tax (eg here). When thinking about tax systems it is useful to run the following train of thought for optimal design: Start with a target level of government spending. Goal is to raise this revenue at the lowest cost to society. First start with taxes which improve […]
Given the sudden rapid attack on New Zealand monetary policy from various segments I’ve begun to notice a few more things crawling around in political language that confuse me. For example, the term monetarist. In a discussion with my sister and on this post from the DimPost the term “monetarist” was used to describe a […]
The Rates Blog is doing this cool thing where they have written segments on different tax policies. They have: The recommendations from the 2025 taskforce (read Don Brash). A running post from the Tax working group. Recommendations from Gareth Morgan and an opinion piece. Arthur Grimes and Mike Shaw on the land tax idea. They […]
It appears that the idea of a fixed exchange rate has been risen, again. Now the suggestion in here does take into account the impossible trinity – so it is theoretically possible. We have: Monetary policy can impact on output and inflation, The exchange rate is fixed, Capital flows ARE LIMITED That third one is […]