RT @bernardchickey: Here's why the landless generation should enroll to vote for a land tax (via @hivenews) http://t.co/5w36iJhXOV
27/07/2014 5:46 p.m.
RT @Frances_Coppola: RT @cullenroche: “Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints” (gulp) http:…
27/07/2014 4:00 p.m.
RT @MacroPru: "Carney’s dismissal of using mopo to resist rising asset prices is 'vacuous' " http://t.co/O174vNtBL5 #MPC #BOE #BIS http://t…
26/07/2014 9:25 a.m.
RT @JohnKayFT: Competition in banking does not necessarily benefit consumers. http://t.co/X7OvtmjluE
25/07/2014 8:34 a.m.
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17
JUN 14

Policy and Prosperity


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Over the past 30 years economic strategy has separated into two broad camps, largely driven by the underlying culture which made the choice. The Anglosphere countries such as New Zealand, the US, Australia, Canada and the UK have followed a deep belief in the primacy of markets, an intent if not the reality of ever smaller governments, lower taxes and an expressed policy emphasis on their...


tags: policy, prosperity, exchange rate, singapore, australia, korea, us, uk, new zealand, economy, currency
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22
MAY 14

Moving up the value chain


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One of the keys to New Zealand’s future success will be our ability to move from a producer of low value bulk commodities, to add value and produce elaborately transformed products and associated services. Generally, due in no small part to our policy framework, we have been trending towards less added value and have seen growth in bulk primary products; changing this trend requires...


tags: exchange rate, accelerate depreciation, exports, manufacturing, wiki nz, value
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22
MAY 14

Policies to encourage manufacturing


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Last week we saw an announcement by the Labour Party called the “Manufacturing economic upgrade”. This picked up on many policies of which the NZMEA has advocated for some time now, and the outcomes of the Manufacturing Inquiry that reported last year. It is vital to all New Zealanders that politicians recognise the importance of our manufacturing sector and establish a policy response to...


tags: manufacturing, labour, exchange rate, exports, added value, niche, capital gains tax, monetary policy, r&d
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7
MAY 14

The high politics of a high currency - Bernard Hickey


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There has been a lot happening in the policy space recently and some of the conflicting and conflicted interests coupled with short and long term trade offs are being surfaced. Bernard Hickey nails it with the following article, which appeared in Hive News, click here for original article.

...


tags: currency, hive news, bernard hickey, exchange rate, manufacturing, labour, variable savings rate
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21
MAR 14

Currency Intervention


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Last week we saw the first move by the Reserve Bank of New Zealand (RBNZ) to tighten its monetary policy by raising the Official Cash Rate (OCR) 25 basis points to 2.75%. Soon after we saw the New Zealand dollar reach a post-float high on the Trade Weighted Index (TWI), breaking the 80 mark.

Following the increase of the OCR, Deputy Governor of the RBNZ Grant Spencer explained...


tags: trade, tradable, exports, swiss, currency, exchange rate, monetary policy, ocr, grant spencer
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19
MAR 14

There is another way


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The change in the OCR this week and the Grant Spencer (RBNZ Deputy Governor) traffic light comments around (none) currency intervention got me thinking about Switzerland again, so I went back and had a look where the Swiss were at in terms of monetary...


tags: ocr, interest rates, currency, exchange rate, swiss, monetary policy, intervention, switzerland
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7
MAR 14

Tradable sector needs policy focus


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We are at a time where, on the surface, our economy looks to be doing well. Most of the headline numbers would indicate this, the domestic economy is growing, boosted by the Christchurch rebuild, and the agriculture and primary processing sectors have benefited from strong commodity prices. While this is all true, a deeper look reveals worrying structural imbalances in our economy.

...


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6
MAR 14

Industry – does it matter?


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It is hard to make omelettes without breaking eggs; equally, it is hard to have industrial activity without some downside. It is easy to dismiss smelly, noisy or dusty activities as unacceptable without thinking through the implications. Does it matter that the activity has been in place a long time and brings spending power into the community? Does it matter that the district plan directs...


tags: woolston, gelita, reverse sensitivity, industry, manufacturing, exports, zoning, earthquake, investment
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6
MAR 14

Looking back on 2013


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The past year has been good and bad in parts, how much of each rather depends on the characteristics of any particular business. Early on in the year, much of our focus was on the Parliamentary Inquiry into Manufacturing, run by the opposition parties. This was sparked by difficulties in the sector and a...


tags: exports, manufacturing, manufacturing inquiry, census, macroprudential, central banks, rbnz
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30
JAN 14

Is manufacturing important?


4 comment(s)

We regularly see in the media and general public discourse and some confusion about what manufacturing actually is, and consequently further discussion on what it might mean and how important it might be to our economy, becomes increasingly obscure. These are ideas that need to be crystal clear in order to properly inform and support judgments around policy.

What exactly is...


tags: manufacturing, exports, exporting, production, exchange rate, eci