CoveragePost
October 8, 2025
Analysis by Keith Rankin. New Zealand’s monetary policy decision today was presented as a “line call” (RNZ news) between a cut of 0.25 or 0.50 percentage points. In that context, the correct decision was made; 0.50%. In the context of the understood policy narrative, it was a binary choice. In the mainstream expert and pundit ... <a title="Keith Rankin Analysis – Official Cash Rate: The Correct Decision. But?" class="read-more" href="https://eveningreport.nz/2025/10/08/keith-rankin-analysis-official-cash-rate-the-correct-decision-but/" aria-label="Read more about Keith Rankin Analysis – Official Cash Rate: The Correct Decision. But?">Read more</a>
CoveragePost
October 3, 2025
Analysis by Keith Rankin. Last week I looked at how, for modern day purposes, monetary policy started around 1750. It began with the departure from the presumption that money is wealth to the idea that money is a veil and that therefore wealth is something else. That was, in a sense, the beginning of political ... <a title="Keith Rankin Analysis – A Brief History of Monetary Policy (Part Two), including Modern Monetary Theory" class="read-more" href="https://eveningreport.nz/2025/10/03/keith-rankin-analysis-a-brief-history-of-monetary-policy-part-two-including-modern-monetary-theory/" aria-label="Read more about Keith Rankin Analysis – A Brief History of Monetary Policy (Part Two), including Modern Monetary Theory">Read more</a>
CoveragePost
September 26, 2025
Analysis by Keith Rankin. On Monday (Pushing a String; Ineffective Monetary Policy, 22 September 2025) I wrote about how, in circumstances of economic depression or structural recession, monetary policy is ineffective as the sole policy to induce a country’s economic recovery. Here I look at the historical antecedents of today’s monetary policy narrative. Understandings of ... <a title="Keith Rankin Analysis – A Brief History of Monetary Policy (Part One)" class="read-more" href="https://eveningreport.nz/2025/09/26/keith-rankin-analysis-a-brief-history-of-monetary-policy-part-one/" aria-label="Read more about Keith Rankin Analysis – A Brief History of Monetary Policy (Part One)">Read more</a>
CoveragePost
September 24, 2025
Analysis by Keith Rankin. Back in the day, Economics 101 students learned that trying to recover from a depressed economy using monetary policy alone was like ‘pushing on a string’. Easy monetary policy is supposed to work by getting people – households, businesses, and governments – to incur more debt; in a phrase, to borrow ... <a title="Keith Rankin Analysis – Pushing a String: Ineffective Monetary Policy" class="read-more" href="https://eveningreport.nz/2025/09/24/keith-rankin-analysis-pushing-a-string-ineffective-monetary-policy/" aria-label="Read more about Keith Rankin Analysis – Pushing a String: Ineffective Monetary Policy">Read more</a>
CoveragePost
October 7, 2021
Analysis by Keith Rankin. This last week I watched Push: The Global Housing Crisis on Al Jazeera, featuring Leilani Farha, Canadian lawyer and former United Nations special rapporteur on adequate housing. She is now leader of The Shift (the global movement to secure the human right to housing). The central takeaway from this ‘Witness’ documentary ... <a title="Keith Rankin Analysis – Global Housing Crisis, Human Rights, and Entitlement Finance" class="read-more" href="https://eveningreport.nz/2021/10/07/keith-rankin-analysis-global-housing-crisis-human-rights-and-entitlement-finance/" aria-label="Read more about Keith Rankin Analysis – Global Housing Crisis, Human Rights, and Entitlement Finance">Read more</a>
