IMF admits disastrous love affair with the euro led to immolation of Greece https://t.co/MeaOziWefl #SmartNews
29/07/2016 7:34 PM
RT @PositiveMoneyUK: Money is created by banks mostly for the unproductive sectors of our economy https://t.co/33n27QR0X2 https://t.co/ta5T…
28/07/2016 3:03 PM
RT @PositiveMoneyUK: Government spending doesn't require more borrowing & cuts to vital public services https://t.co/fEe3XxSybX https://t.c…
28/07/2016 3:02 PM
I liked a @YouTube video https://t.co/C4YBTfIAkE Is the Party Over for Economic Growth? When economic stagnation becomes the new
27/07/2016 12:27 PM
Privatisation has damaged the economy, says ACCC chief https://t.co/cG2gCcRFjA #SmartNews
27/07/2016 11:54 AM
I liked a @YouTube video https://t.co/yqR7msTcBZ Mark Blyth--The (Real) Old and New Europes
27/07/2016 10:38 AM
@Omearanz @rnz_news - long overdue: responding to 70s inflation not contemporary deflation, policy framework broken & fighting the last war
27/07/2016 10:25 AM
Mark Blyth Mackenzie Lecture 2015 – Austerity and the https://t.co/Y6gpbhWkJi via @YouTube - politics of inflation not the same as deflation
26/07/2016 4:06 PM
RT @RodOramNZ: Our Road Runner economy is zooming towards the cliff-edge - Rod Oram’s Sunday Star-Times column for July 24th, 2016 https://…
24/07/2016 10:07 AM
RT @pdacosta: Wage share of national incomes has fallen in last 40 years, except in France and Sweden https://t.co/eC1NVMYNls https://t.co/…
23/07/2016 3:25 PM
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4
MAR 16

The New Dragons


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There is an old saying: generals tend to fight the last war; a war they were themselves much exposed to the action forming solid memories of their fights. So it is with politicians and policy makers, confronted by a new world they cling to the learnings and responses of the past, fighting what was once real.

The set piece event that opens each year by the Reserve Bank Governor,...


tags: currency, inflation, growth, turner, gfc, debt, finance, keen, stability
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6
AUG 15

Land, Buildings and the Balance of Trade


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Housing has been a growing issue in many, but not all, economies around the world. In New Zealand, it has been a standout problem that seems to be getting worse, a problem characterised by the Auckland housing market. Housing and land values underpin an issue that directly affects everyone, through higher living costs, driving higher inequality; asset price inflation can be damaging on...


tags: housing, tax, taxation, land, property, ireland, investment, investors, speculation, land tax
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25
MAR 15

Housing – what can we learn from others?


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Housing has been a hot topic in recent years, as prices in Auckland and Christchurch continue to rise. Housing is an issue that affects everyone, particularly through its effect on the tradable sector and average wages – drawing investment away from productive enterprise and keeping interest rates and consequentially the exchange rate higher than they otherwise would be. Rampant house price...


tags: housing, lvr, loan to value, loan to income, macroprudential, rbnz, central banks, supply, demand
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24
MAR 15

Technological disruption and the future of work


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Technological progress leading to mechanical automation has already changed how people work around the world, but advances, particularly in software and computing power are opening up new possibilities of automation and disruption. This change was described recently by Xero Managing Director Chris Ridd, “


tags: exports, manufacturing, innovation, work, employment, automation, competition, education
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19
MAR 15

The best we can be?


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The following is a speech I gave at farewell functions for my stepping down as Chief Executive of the New Zealand Manufacturers and Exporters Association (NZMEA) at the end of March:

I would like to thank you all for taking the time to be here today.

There is never a good time to leave, my feelings are a mixture of sadness and happiness, and thoughts a mixture of...


tags: nzmea, exports, future, sustainable, debt, productivity, innovation, wealth, r&d, speech, leaders' network
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23
FEB 15

Exporting in 2015


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The attractive parts of being an exporter, such as greater scale and more opportunities, also come with greater exposure to external risks: exchange rate variations, changing demand from economic cycles in destination markets and even tensions in geopolitics all impact any export business. Managing risk becomes a key skill for exporters.

Such fluctuations can go either way;...


tags: exports, manufacturing, currency, exchange rate, survey, rbnz, uncertainty
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19
FEB 15

State of the Nation and Housing


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The political year was back in full swing last week as National and Labour leaders delivered their state of the nation addresses - both different in their content and stated purpose.

Andrew Little’s speech aimed to set the direction of the party going forward, while staying away from policy detail. The focus was on jobs, claiming “the next Labour government will make sure that...


tags: rbnz, housing, andrew little, key, sme, jobs, manufacturing, labour, national
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19
DEC 14

Make policy for real, not ideal, humans


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The following was published in the financial times - to read the full article, click here.

Out of the crooked timber of humanity, no straight thing was ever made. This famous remark of the German philosopher, Immanuel Kant, is particularly relevant to economists....


tags: bias, confirmation bias, behaviour, daniel kahneman, martin wolf, incentives
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19
DEC 14

The decline of the dollar


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This infographic was originally posted here: www.online-accounting-schools.org/decline-of-the-dollar/


tags: currency, dollar, exchange rate
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5
DEC 14

Currency Viewpoint


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Since 1985 New Zealand has operated with a floating exchange rate, meaning our currency it is traded on the market, responding to changes in economic conditions here and around the world: subject to global events, interest rates, prices and a range of other factors that affect the demand for our currency. It is normal for the exchange rate to be somewhat over or undervalued for periods of...


tags: currency, new zealand dollar, exchange rate, fair value, exports, manufacturing, rbnz, monetary policy