Most New Zealanders would struggle to explain what bank capital requirements are, let alone why they matter. Yet the Reserve Bank’s controversial 2019 decision to nearly double these requirements affects every mortgage holder and business borrower in the country. Read more
“We have no money, so we shall have to think.” That line is ascribed to New Zealand physicist Ernest Rutherford before he cracked the atom. The country’s current Prime Minister, Christopher Luxon and his Finance Minister Nicola Willis face a rather different conundrum, albeit under the same constraint: How do you deliver modern infrastructure when Treasury’s 2025 long-term fiscal statement projects government debt reaching 200 per cent of GDP by 2065? Read more
Some things that sound simple wind up being a bit messier than expected. Keeping kids off of social media sounds simple. Read more
Last year, Canadian First Nations leaders came to Tuahiwi marae, just north of Christchurch, for the third hui-ā-motu. They explained how they have been using their self-governing autonomy, which sounds a lot like rangatiratanga, to build economic self-determination. Read more
Sometime in the first half of 2019, Ji Ruan, a senior lecturer in computer science at Auckland University of Technology, organised an event to commemorate the twentieth anniversary of the Tiananmen Square massacre. He no doubt assumed that, in a free country like New Zealand, this would be no problem. Read more
Every time New Zealanders apply for a mortgage or business loan, they pay the price for the Reserve Bank’s controversial 2019 bank capital decision to increase capital requirements for major banks by almost 100%. The decision made our banks much more heavily capitalised than most of their international peers. Read more
The Local Government Commission has been consulting on a draft Code of Conduct for Local Authorities. The Code addresses what bureaucrats see as local government’s biggest crisis: councillors saying unpleasant things. Read more
Not long ago, doing anything on Canada’s Indian Reserves was almost as hard as doing anything on whenua Māori. Here, the roughly six percent of the country held under Māori land tenure is beset by regulatory difficulty far worse than that bedevilling the rest of New Zealand. Read more
1. INTRODUCTION AND RECOMMENDATIONS 1.1 This submission to the Reserve Bank of New Zealand (RBNZ) on its 2025 Review of Bank Capital Requirements (the Review) and accompanying consultation paper (the Consultation paper)1 is made by The New Zealand Initiative, an independent think tank supported primarily by major New Zealand businesses. Read more
New Zealand has a bad habit of trying to do everything everywhere all at once. It means national-level policy takes giant swings. Read more
Canadian First Nations are helping tackle Canada’s housing crisis through council-like authority over their own land. Our new report highlights this proven Canadian turnaround success story and draws lessons for New Zealand. Read more
In this episode, Oliver talks to Eric Crampton, the New Zealand Initiative's chief economist, about his latest report Building Nations examining Canadian First Nations' experiences with autonomous land development and what New Zealand might learn from them. They discuss how Canadian reserves transformed from heavily regulated, impoverished areas into thriving self-governing communities that are now solving urban housing crises through major development projects like the Squamish Nation's apartment towers in downtown Vancouver. Read more
Wellington (Wednesday, 1 October 2025) – Canadian First Nations are helping tackle Canada’s housing crisis through council-like authority over their own land. A new report highlights this proven Canadian turnaround success story and draws lessons for New Zealand. Read more
Dr Eric Crampton talked to Charlotte Cook on RNZ about US President Donald Trump's repeated threat to impose 100% tariffs on foreign films. He explained that such tariffs would be practically impossible to implement on digital services like films, but suggested the threat could provide an opportunity for countries like New Zealand to negotiate an international agreement to scale back film production subsidies. Listen below. Read more
Dr Eric Crampton talked to Ryan Bridge on Newstalk ZB about the Reserve Bank's recent self-review, which found the bank was too slow to raise interest rates after COVID-19. He argued the Reserve Bank should have recognised earlier that it was dealing with a supply shock rather than a demand problem, noting that excessive money printing in response to COVID's economic disruption drove inflation to 7.3% and required painful interest rate hikes to bring it back under control. Read more