Bleg: Nepal – what is it like?
Does anyone know what Nepal is like to visit? Does anyone have any suggestions about places to visit in Nepal. Any comments (relevant) welcome.
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Author Archive for: Matt Nolan
Entries by Matt Nolan
Note on commodity prices/exchange rate
The ANZ New Zealand commodity price index, in world prices, rose 1% over March – or so I’ve been told. In New Zealand dollars the index fell – as the exchange rate rose. This lead to the following quote: At a time when the domestic economy is still very weak, a higher NZ dollar is […]
Award for worst piece of economic analysis this year
I am virtually certain it would go to this piece by Phillip O’Connor from the University of Auckland. I mean, I thought this is the sort of award that would always go to NZPA, as they have to quickly release something that sometimes misses the point. However, a Senior Lecturer from Auckland has managed to […]
Bleg: A negative OCR – how?
I like the idea of being able to keep cutting the OCR – even once it hits zero. It doesn’t mean that market rates will be negative, that doesn’t make any sense – but it does mean that monetary policy can push banks to lower reserves and increase the amount of money in circulation. This […]
Why does the RBNZ want to stop long rates going up
This is causing me a little bit of confusion. New Zealand’s yield curve has become normal – this is very rare. However, the Bank doesn’t like it – not one bit. They went as far as complaining about it. My first impression was to say – this means they will cut further and commit to […]
Putting tax cuts in perspective
The Rates Blog points out a very interesting exchange between John Key and Phil Goff – they have the video available here. The transcript is: Hon Phil Goff: Is it correct that low-income families with children will get nothing from the tax cuts today, and that that is why the Prime Minister told high-income earners […]