Reserve Bank

The crazy Auckland property market needs reining in. Capital gains tax as a way of controlling house prices doesn't work overseas, but what about a land tax?

Virtually every day there is a new

What we are witnessing is an old fashioned ideological debate, dressed up as economics.

The high dollar and its causes suit people who have a lot of New Zealand-denominated wealth; a lower dollar is better for producers - people who use capital to earn money.

Commentators keep talking of our dollar as if it were some kind of national phallic symbol. They say it is reaching parity with Australia because Australia's economy is terrible and ours is much better. We are much better off here, they claim.

This year marks 25 years since the Reserve Bank Act 1989 was passed. While it has enjoyed a high degree of cross-party support over that period, the original settlement is unwinding and it is now time for a review. That need not involve throwing the anti-inflation baby out with the bathwater, nor the politicisation of a significant public institution.

Last week was a big week for the Reserve Bank. The Bank’s March Monetary Policy Statement, released on Thursday saw the expected announcement of the decision to move to tighten monetary policy – a 25 base-point increase in the Official Cash Rate. This marks the start of a tightening cycle – one that has been quite openly foreshadowed by the Bank for some time.

Imagining Reserve Bank Governor Graeme Wheeler as a popular children's book character. Will he learn the lesson of 'what is smart and what is not'?

My favourite book as a child was a Berenstain bears book called ‘The Bear Scouts’. Daddy bear is a feckless outdoor guide who thinks he knows best. But the little bear scouts who follow the guide book know better.

Some have always reckoned National's target of surplus by 2014-15 was "fairyland", but oh no said John Key and Bill English, don't you worry. Now Alan Bollard has joined the naysayers, National has to realise just what's at stake

John Key seemed to shrug it off as if he'd promised New Zealand pudding, but now wasn't sure whether or not he'd have time to whip something up.