Bryce green web

Dr Bryce Wilkinson ONZM

Senior Fellow

Bryce is a Senior Fellow at The New Zealand Initiative, and also the Director of the Wellington-based economic consultancy firm Capital Economics. Prior to setting this up in 1997 he was a Director of, and shareholder in, First NZ Capital. Before moving into investment banking in 1985, he worked in the New Zealand Treasury, reaching the position of Director. Bryce holds a PhD in economics from the University of Canterbury and was a Harkness Fellow at Harvard University. He is a Fellow of the Law and Economics Association of New Zealand.

Bryce is available for comment on fiscal issues, our poverty, inequality and welfare research. He also has a strong background in public policy analysis including monetary policy, capital markets research and microeconomic advisory work.

Bryce was made an Officer of the New Zealand Order of Merit in the 2025 New Year's honours for his significant contributions to public policy formation and economic research, spanning his influential work at Treasury during New Zealand's major economic reforms and his extensive research on fiscal discipline and regulatory quality.

Phone: +64 4 499 0790

Email: bryce.wilkinson@nzinitiative.org.nz

Recent Work

NewstalkZB Mike Hosking square

NZ Initiative op-ed argues against notion RBNZ's decisions led to inflation

An op-ed published by Dr. Bryce Wilkinson from the NZ Initiative has come out. It essentially is rebutting what many have been saying in that New Zealand’s inflation rate is a result of deliberate Reserve Bank decisions back in 2020 to save jobs and the economy at the expense of inflation. Read more

Dr Bryce Wilkinson ONZM
Newstalk ZB - Mike Hosking Breakfast
19 August, 2022

Media release: The false “inflation versus job” narrative

Wellington (Thursday, 18 August 2022): A Policy Note by Senior Research Fellow, Dr Bryce Wilkinson was published today by the New Zealand Initiative. It rebuts the argument that New Zealand’s inflation rate today is a result of deliberate Reserve Bank decisions in 2020 to save jobs and the economy at the expense of inflation. Read more

Dr Bryce Wilkinson ONZM
Media Release
18 August, 2022

Media release: Foresight economics correctly predicted New Zealand’s loss of price stability

Wellington (Thursday, 28 July 2022): In response to criticism of the Reserve Bank’s performance over the past four years, the Prime Minister and the Minister of Finance have accused critics of applying ‘hindsight economics’. Nothing could be further from the truth. Read more

Dr Oliver Hartwich
Dr Bryce Wilkinson ONZM
Media Release
28 July, 2022
graeme wheeler official 201

Podcast: How central bank mistakes after 2019 led to inflation

Central banks globally have made serious monetary policy mistakes, and to restore credibility, they must acknowledge and correct those mistakes. Oliver Hartwich interviews co-authors Graeme Wheeler and Bryce Wilkinson about their new policy paper How central bank mistakes after 2019 led to inflation. Read more

Dr Oliver Hartwich
Dr Bryce Wilkinson ONZM
Graeme Wheeler
Podcast
26 July, 2022
How Central Bank Mistakes after 2019 led to inflation Cover

How central bank mistakes after 2019 led to inflation

A research note released today by The New Zealand Initiative mainly attributes the outbreak of inflation in many economies to central bank mistakes. Co-authored by Graeme Wheeler, former Governor of the Reserve Bank of New Zealand, and Bryce Wilkinson, Senior Research Fellow at The New Zealand Initiative, the paper argues that central banks overall: were too confident about their monetary policy framework; were too confident about their models; were too confident they could control output and employment; lost their focus on price stability and took on too many mandates; faced conflicts in some cases with conflicting ‘dual mandate’ objectives; and were distracted by extraneous political objectives, such as climate change. Read more

Dr Bryce Wilkinson ONZM
Graeme Wheeler
Research Note
26 July, 2022
RNZ Morning Report square

Reserve Bank made mistakes which led to out of control inflation

The New Zealand Initiative has denounced the Reserve Bank, and other central banks for making what it says are serious mistakes which led to inflation getting out of control. The paper, released this morning, says central banks were too confident in their abilities, their policies, and their assumptions, and forgot what their core jobs were. Read more

Dr Bryce Wilkinson ONZM
Radio NZ - Morning Report
26 July, 2022
TodayFM Tova OBrien

Former Reserve Bank Governor says central bank may have added to global inflation

It’s not so much Russia or COVID that caused inflation but central banks and the extraordinary stimulus they helped create. That’s according to a former Reserve Bank Governor who’s co-authored an excoriating review of the role Central Banks played in our current inflationary crisis. Read more

Dr Bryce Wilkinson ONZM
Today FM - Tova O'Brien
26 July, 2022

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