If you are not happy with the results below please do another search
There really is a pile of excellent economic discussion flooding out the the Economics blogsphere over recent months. If the collapse of Lehman brother did nothing else – it got economists arguing! On the issue of a US “fiscal stimulus” there have been two main posts that I have found as convincing arguments against the […]
Or so says John Key. Very interesting. Ok, as Prime Minister, John Key needs to stop talking about monetary policy!!! Luckily Kiwiblog has already covered this – so you won’t get another rant from me 😉 I am not sure whether he is speculating, or whether he’s been briefed and then wandered off and spilled […]
In today’s Dom Post column we discuss whether a fiscal stimulus is necessary at the moment – our conclusion is that it is not. Four criticisms I would have of my own logic are: There may be distributional reasons why you would want to change spending, An “improvement” in government spending would be beneficial, In […]
There has been a lot of discussion around the internet about whether and what type of fiscal stimulus is appropriate in the US. That is not the issue I am going to discuss here. This is a New Zealand blog, and as a result, I’m more interested in the claim that Michael Cullen will be […]
According to Martin Feldstein (hat tip Greg Mankiw): “Even if the Fed decides that it should not cut rates further at the present time, it would not raise rates to offset the stimulus effect of the fiscal change. From the Fed’s point of view, the tax cuts can provide a desirable short-run stimulus without the […]
The RBNZ increased the OCR by 50 basis points to 1.5% – to someone from three years ago that level might not sound strange, but just take a look at this 10 year government bond rate track. Highest 10 year rate since 2017 and, given when the cash rate is, an indication that higher average […]