Reserve Bank to slash rates to 5.5%?
I get back into the country and everyone is telling me that rates are going down by 100 basis points in the next meeting – however no-one will tell me why!
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Author Archive for: Matt Nolan
Entries by Matt Nolan
Missing the point: The emissions trading scheme
A recent opinion article by Graeme Edwards on the NBR site clearly articulated a critique of the emissions trading scheme that I have heard in various forms over the past year. Not only have I heard this critique from politicians and the media, but people commenting on the blog and other economists have used this […]
When not to stimulate
Sorry for linking to the Standard twice in one day, however they have written about a couple of things I wish to touch on recently. In a recent post Irish Bill states that: One of the things I like about being left wing is how often the best moral decision is also the best economic […]
Do we want “productivity growth”?
CPW has requested that we cover the Standard’s coverage of the National-Act coalition agreement, specifically this section: National/Act agree to close the ‘income gap’ between Australia and NZ by 2025, requiring ‘3% productivity growth per year’. Which is just economic techno-babble. What ‘income gap’ are they talking about? GDP per capita or wages or what? […]
Frogs concern about the Baltic Dry Index
Over at Frog Blog, Frog discusses the current economic crisis and the magnificent fall in the Baltic Dry index. The sentence that summarised this feeling for me was: Another part of me says that any indicator that drops 93% in less than six months is reflecting a serious ailment in the global economy Now Frog […]
And back …
I’m back now, I will attempt to answer the comments that have turned up in posts over the next week. I’ve noticed that New Zealand elected a National government while I was away – very interesting. Labour really did get hammered – I think that ridiculous advertising campaign about whether John Key could be trusted […]