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Economy

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Keith Rankin Analysis – Public Debt: Pay it Back or Pay it Forward?

October 16, 2020

Analysis by Keith Rankin. I recently encountered the concept “pay it forward”, with reference to a debt. While it was in a personal context that I came across this concept, on reflection I am wondering why – as a follower of news media – I have never heard the concept in any current affairs discussion. ... <a title="Keith Rankin Analysis – Public Debt: Pay it Back or Pay it Forward?" class="read-more" href="https://eveningreport.nz/2020/10/16/keith-rankin-analysis-public-debt-pay-it-back-or-pay-it-forward/" aria-label="Read more about Keith Rankin Analysis – Public Debt: Pay it Back or Pay it Forward?">Read more</a>

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PNG opposition’s Namah calls for end to ‘martial law-like’ restrictions

September 28, 2020

Pacific Media Centre Newsdesk Papua New Guinea’s opposition has called on the government to explain the paralysing martial law type restrictions that has crippled the economy and will take years to return to normal, reports the PNG Post-Courier. Opposition Leader Belden Namah said blaming covid-19 was not good enough and has called for an immediate ... <a title="PNG opposition’s Namah calls for end to ‘martial law-like’ restrictions" class="read-more" href="https://eveningreport.nz/2020/09/28/png-oppositions-namah-calls-for-end-to-martial-law-like-restrictions/" aria-label="Read more about PNG opposition’s Namah calls for end to ‘martial law-like’ restrictions">Read more</a>

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Keith Rankin Analysis – The 2020 New Zealand Election is Not a Foregone Conclusion

September 25, 2020

Analysis by Keith Rankin. The most recent TVNZ Colmar Brunton poll felt about right: Labour/Green on 54% and National/Act on 38% of decided voters. But I sense that Labour is losing momentum. What needs to happen to make Judith Collins the Prime Minister in October? National/Act need just five percentage points more, and Green to ... <a title="Keith Rankin Analysis – The 2020 New Zealand Election is Not a Foregone Conclusion" class="read-more" href="https://eveningreport.nz/2020/09/25/keith-rankin-analysis-the-2020-new-zealand-election-is-not-a-foregone-conclusion/" aria-label="Read more about Keith Rankin Analysis – The 2020 New Zealand Election is Not a Foregone Conclusion">Read more</a>

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Keith Rankin Analysis – Balance Sheet Recessions, and the Government Debt Fix

September 18, 2020

Analysis by Keith Rankin. Definition ‘Balance sheet recession’ is an innocuous name for a very big economic event. It represents a particular kind of contraction of a country’s economy – or of the global economy – in which one of the most important laws of ‘financial economics’ is practically disabled; that is the economic law ... <a title="Keith Rankin Analysis – Balance Sheet Recessions, and the Government Debt Fix" class="read-more" href="https://eveningreport.nz/2020/09/18/keith-rankin-analysis-balance-sheet-recessions-and-the-government-debt-fix/" aria-label="Read more about Keith Rankin Analysis – Balance Sheet Recessions, and the Government Debt Fix">Read more</a>

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Bryce Edwards’ Political Roundup: Labour gives up on tax transformation

September 10, 2020

Analysis by Dr Bryce Edwards. Will the rich get richer under Labour’s latest tax policy? Based on the analysis in reaction to yesterday’s announcement, the answer would seem to be yes. The consensus from commentators is that inequality and severe economic problems will remain unchanged or even be made worse by Labour’s new policy. Although ... <a title="Bryce Edwards’ Political Roundup: Labour gives up on tax transformation" class="read-more" href="https://eveningreport.nz/2020/09/10/bryce-edwards-political-roundup-labour-gives-up-on-tax-transformation/" aria-label="Read more about Bryce Edwards’ Political Roundup: Labour gives up on tax transformation">Read more</a>

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Keith Rankin Analysis – The Added-Worker Effect, in Economic Hard Times

September 10, 2020

Analysis by Keith Rankin. Before the 1950s My MA thesis was about labour supply in New Zealand and Australia during the 1920s and 1930s, with particular reference to the 1930s’ ‘Great Depression’. The central finding related to the workings of whanau as an economic unit, and how the loss of income to the ‘family breadwinner’ – ... <a title="Keith Rankin Analysis – The Added-Worker Effect, in Economic Hard Times" class="read-more" href="https://eveningreport.nz/2020/09/10/keith-rankin-analysis-the-added-worker-effect-in-economic-hard-times/" aria-label="Read more about Keith Rankin Analysis – The Added-Worker Effect, in Economic Hard Times">Read more</a>

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OPINION: Financing economic recovery

September 7, 2020

Opinion by Armida Salsiah Alisjahbana – United Nations Under-Secretary-General and Executive Secretary of the UN Economic and Social Commission for Asia and the Pacific As the socio-economic impacts of the COVID-19 pandemic spread across the length and breadth of Asia and the Pacific, finance ministries are continuing their relentless efforts to inject trillions of dollars ... <a title="OPINION: Financing economic recovery" class="read-more" href="https://eveningreport.nz/2020/09/07/opinion-financing-economic-recovery/" aria-label="Read more about OPINION: Financing economic recovery">Read more</a>

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Keith Rankin Analysis – Extending Democracy; a Path-Dependent Process

September 2, 2020

Analysis by Keith Rankin. In practice, democratic political reforms are usually incremental, though typically seen as part of a process leading to wider and more embedded improvement. Reforms are ‘evolutionary’ – indeed, in a technical sense – in that they improve the ‘fitness’ of democratic society. Unlike biological evolution, which is a fully blind process, ... <a title="Keith Rankin Analysis – Extending Democracy; a Path-Dependent Process" class="read-more" href="https://eveningreport.nz/2020/09/02/keith-rankin-analysis-extending-democracy-a-path-dependent-process/" aria-label="Read more about Keith Rankin Analysis – Extending Democracy; a Path-Dependent Process">Read more</a>

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Bryce Edwards’ Political Roundup: Politicians making inequality worse

August 27, 2020

Analysis by Dr Bryce Edwards Inequality and poverty look to be the forgotten issues of the election campaign, with not much more than lip-service being paid to them on the campaign trail. Yet decisions are currently being made that appear to be fuelling a greater gap between rich and poor. Newsroom’s Bernard Hickey has tweeted ... <a title="Bryce Edwards’ Political Roundup: Politicians making inequality worse" class="read-more" href="https://eveningreport.nz/2020/08/27/bryce-edwards-political-roundup-politicians-making-inequality-worse/" aria-label="Read more about Bryce Edwards’ Political Roundup: Politicians making inequality worse">Read more</a>

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Keith Rankin Analysis – The Two Policy Silos: Reserve Bank and Treasury

August 27, 2020

Analysis by Keith Rankin. Macroeconomic Policy Macroeconomic policy is largely the art or science of the governance of economic imbalance. Some of the words that indicate imbalance are ‘recession’, ‘inflation’, ‘deflation’ and ‘contraction’. Another word, ‘stagflation’, represents a mix of recession and inflation. (Note that ‘inflation’ here indicates an unsustainable and ongoing process of price ... <a title="Keith Rankin Analysis – The Two Policy Silos: Reserve Bank and Treasury" class="read-more" href="https://eveningreport.nz/2020/08/27/keith-rankin-analysis-the-two-policy-silos-reserve-bank-and-treasury/" aria-label="Read more about Keith Rankin Analysis – The Two Policy Silos: Reserve Bank and Treasury">Read more</a>

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Keith Rankin – Epidemic Costs and Responses: Coronavirus and Tuberculosis

August 20, 2020

Analysis by Keith Rankin. Early Identification and Action We are now learning, from Covid19, one thing above all else. With epidemics, it is early identification and action that matters. When our Prime Minister, Jacinda Ardern, says that New Zealand’s government approach is to “go hard and go early”, she is only partly correct. What matters ... <a title="Keith Rankin – Epidemic Costs and Responses: Coronavirus and Tuberculosis" class="read-more" href="https://eveningreport.nz/2020/08/20/keith-rankin-epidemic-costs-and-responses-coronavirus-and-tuberculosis/" aria-label="Read more about Keith Rankin – Epidemic Costs and Responses: Coronavirus and Tuberculosis">Read more</a>

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Keith Rankin Analysis – Money: Where Does it Come From, Where Does it Go?

August 11, 2020

Analysis by Keith Rankin. “I think you have to recognise money comes from somewhere. It doesn’t just come from a big money tree.” Judith Collins 2020 “Someone has to pay the bill – there aren’t little pixies at the bottom of the garden printing cash.” John Key 2009 These messages from two different National Party ... <a title="Keith Rankin Analysis – Money: Where Does it Come From, Where Does it Go?" class="read-more" href="https://eveningreport.nz/2020/08/11/keith-rankin-analysis-money-where-does-it-come-from-where-does-it-go/" aria-label="Read more about Keith Rankin Analysis – Money: Where Does it Come From, Where Does it Go?">Read more</a>