RT @cdixon: Average world temperatures, 1880-present (via https://t.co/mqJl8n2BJy) https://t.co/G9nBou3vw4
30/09/2016 8:28 PM
RT @ProSyn: Central bankers want people to believe that they know what they're doing. They don't, says @yalesom's Stephen Roach https://t.c…
30/09/2016 8:27 PM
I liked a @YouTube video from @usanews_daily https://t.co/dSq0GEwjrS CHRIS HAYES What we don't know about Donald Trump
30/09/2016 7:10 PM
RT @MicheleACourt: Don Brash, you make me tired. Here's a picture. https://t.co/WpV4HrxeH5
29/09/2016 1:50 PM
RT @macro_business: Michael West: The case for a banking Royal Commission https://t.co/KBrs3gbeXb
29/09/2016 1:48 PM
@SelwynPellett @nytimes - wrong - just call Sean and he will tell you otherwise, go on call him, call him...
28/09/2016 10:06 PM
The Economist | Schumpeter: Against happiness https://t.co/W05NfPGGQI
28/09/2016 11:04 AM
RT @ProWorkflow: #proworkflow All systems go!
28/09/2016 10:58 AM
RT @MaiaMitchell: Spread Trump's deleted tweet about Global Warming. https://t.co/GBwuvxOMJk
27/09/2016 5:12 PM
RT @TheBubbleBubble: "It All Has A Very 2008 Feel To It" - For Deutsche Bank, The News Just Keeps Getting Worse: https://t.co/fWCpkodxeD ht…
27/09/2016 8:54 AM
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27
SEP 16

Thirty Years of Manufacturing New Zealand


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Thirty Years of Manufacturing New Zealand

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. In contrast to the northern hemisphere in New Zealand many of these changes were championed by the left of politics, and has become the entrenched...


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