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Can market forces help get the chores done? Chief Economist Dr Eric Crampton discusses the economics of parenting with Barry Crump on the Radio New Zealand Nights programme. Read more
Back in 1968, economist Friedrich Hayek wrote that competition is a discovery procedure. Some information about the world simply would not exist without the process of market competition that discovers it. Read more
Cabinet’s decisions announced today by Finance Minister Grant Robertson to reform the governance and accountability arrangements of the Reserve Bank are commendable. Key among the decisions is establishing a governance board that will be responsible for all functions of the Reserve Bank, except those undertaken by the Monetary Policy Committee. Read more
A giant is dead. Paul Volcker died this week, aged 92. Read more
Last week, Labour finally began delivering on its urban growth agenda. Housing affordability was one of the two main themes of the 2017 election. Read more
The Prime Minister had declared 2019 “the year of delivery”. Voters will eventually judge the government on whether it has succeeded. Read more
Following the Government's announcement of the $12 billion for infrastructure, Dr Eric Crampton discusses on Radio New Zealand about the need to enable other ways of financing infrastructure on a stable basis rather than constantly relying on infrastructure deficits hitting near-crisis levels.
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The more things change, the more they stay the same -- or so the saying goes. The expression could not be a more apt description of what we are witnessing at the Reserve Bank. Read more
When Christine Lagarde became president of the European Central Bank in November, she inherited a challenging legacy from her predecessor Mario Draghi. The ECB’s key people are openly divided on the future direction of monetary policy. Read more
There was something in the original plans for the post-earthquake Christchurch downtown rebuild that never really made much sense. Well, there were a lot of things that never made any sense, both in the plans and in practice, and that's why a lot of business fled to the suburbs. Read more