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The global pandemic has led to a lot of political catchphrases, such as Green New Deal, and Build Back Better. Are these slogans of little substance, or will we soon see the state take a more assertive role in the economy? Read more
Roger Partridge talks to Mike Hosking on Breakfast about his new report that says our employment protection laws make it hard to fire poorly performing senior managers.
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Wellington (Monday, 21 June 2021): New Zealand's productivity growth is being hampered by employment protection laws that constrain boards and business owners from firing poorly performing senior managers, warns a report from The New Zealand Initiative. In Nothing Costs nothing: Why unjustified dismissal procedures should not apply to the highly paid, Initiative chair and senior fellow Roger Partridge found strong arguments for New Zealand adopting an Australian-style carve-out of high-income earners from the unjustified dismissal provisions of the Employment Contracts Act 2000. Read more
In mid-2019, the Reserve Bank signalled it was considering unconventional monetary policy such as quantitative easing (QE), vulgo: money printing. Back then, Eric Crampton, Robert MacCulloch and I wrote a short paper called The Unreserved Bank of New Zealand: Why unorthodox monetary policy needs boundaries. Read more
How long will the America's Cup stay in New Zealand ? Team NZ is currently in exclusive negotiations with the government and Auckland Council to host the next event. Read more
Persistence looks set to pay off with one of Labour’s 2017 election manifesto promises: to reintroduce compulsory sector-wide collective bargaining across the country. Dubbed “Fair Pay Agreements,” the Government’s plan is to take New Zealand back to the system of awards that dominated industrial relations for most of the 20th century. Read more
Emissions pricing and congestion pricing have a lot in common. The economics of both are straightforward. Read more
As American historian and philosopher Will Durant observed, "Civilisation is not inherited; it has to be learned and earned by each generation anew." That is a more polite way of saying that humans make mistakes, cause damage, then repair the mess. . Read more
Last week’s government budget reinforced the sense of fiscal fantasy that arises when one contemplates the unprecedented deficit spending funded by central bank credit creation occurring here and elsewhere. The government plans to borrow around $30 billion net in the coming fiscal year. Read more
In this podcast Dr David Law discusses the idea of unemployment insurance for New Zealand. If you would like to listen to our latest podcasts, please subscribe to The New Zealand Initiative podcast on iTunes, Spotify or The Podcast App. Read more