RT @PositiveMoneyUK: QE drives inequality by benefiting the top 5% while the rest of us are encouraged to get into more debt https://t.co/3…
24/10/2016 11:24 AM
I liked a @YouTube video https://t.co/Lrnzi6U2js You’re Lying to Yourself if You Think Trump is the Answer | The Closer with Keith
23/10/2016 2:40 PM
I liked a @YouTube video https://t.co/izInsIFRCC Michelle Obama: Trump does not see our shared humanity
22/10/2016 6:24 PM
RT @ALeighMP: Interesting thought experiment on #inequality from @JosephEStiglitz in @EvonomicsMag https://t.co/FuIPPA7c4H https://t.co/a8y…
22/10/2016 1:36 PM
RT @FT: Donald Trump’s rise was helped by populist anger that the middle class was being crushed. Here’s how it happened: https://t.co/ieGd…
22/10/2016 1:33 PM
RT @SelwynPellett: We had our first Coretex birthday yesterday. Big year. 58% connections growth. Our 122 people are very proud. https://t.…
22/10/2016 12:56 PM
RT @macro_business: Collapse of car manufacturing will harm overall R&D https://t.co/AA2QGmOiDg
21/10/2016 6:50 PM
RT @ptcherneva: Repeat after me: Government Deficit = Non-government Surplus Government Debt = Non-government Assets The US has monetary s…
20/10/2016 3:37 PM
RT @GaneshAhirao: Invest in real dividends, Berl head recommends https://t.co/7NbV327b49 via @sharethis
20/10/2016 2:53 PM
RT @Mick_Peel: @ProfSteveKeen Australia: https://t.co/P6HWCdCqrL https://t.co/WPzfV4JlD4
19/10/2016 9:57 PM
OCT 16

On The Land October 2016

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Background for the interview with Rob.

See the interview here:


There is a lot happening in the world, try and keep an open mind, many argue we are at the end of history but there are many things that are not settled and need...

tags: economics, housing, dairy trade, tax havens, political economy
SEP 16

Thirty Years of Manufacturing New Zealand

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Thirty Years of Manufacturing New Zealand

See presentation here:


New Zealand was the first country to embrace inflation targeting, along with a raft of other polices that have come to be known as the broad neoliberal policy approach....

tags: manufacturing, exchange rate, currency, policy, debt, exports, complexity, value
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
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
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
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
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
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
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
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