There has been some discussion of deposit insurance, the open bank resolution plan, and the types of risks being faced by New Zealand savers. This is actually a hugely important issue, and as a broad matter of principle I actually find myself agreeing more with Labour and the Greens than National and the Reserve Bank. […]
I’m so sorry I am still away – currently a bit caught up! I will be back posting properly and answering comments in a few days. For now, here is the latest article I’ve popped up on Rates Blog. In it I discuss what it means for there to be a “bubble” due to foriegn […]
Hey all, I’ve been away – and I still am. I’ll be back next week. However, I have to write on this. Over on Rates Blog, Bernard Hickey stated the following: The most interesting revelation from today’s Monetary Policy Statement was Graeme Wheeler’s comment that he knew other central banks were buying New Zealand government […]
Following the unfortunate death of a woman from drinking far too much Coke, there have been calls to label Coke. I’m all for information, and that often makes me pro-labeling, but in this case I’m not … it is important to recognise that we are targeting providing information, and so we can “overlabel”. A label […]
Via this excellent review by John Cochrane, I decided to read “the banker’s new clothes“. I’m only a small way in, but it already seem like a pretty good book, written for a non-technical type of audience. Excellent. My view has been that there is potentially some type of externality from bank’s actions (systemic risk […]
When the minimum wage change was being debated, I saw this tweet pop up from Duncan Garner. Simon Bridges admits WINZ is there as a backstop if wages are too low. Can you believe it? After the tweet follows a range of comments about corporate welfare etc etc. This is all well and good, however […]