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New Zealand Economy

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Keith Rankin Analysis – The New Zealand Government’s ‘Public Finance Rabbithole’

May 12, 2021

Analysis by Keith Rankin. Last week, out of left field, the government placed a three-year embargo on normal public sector wage bargaining, essentially a salary freeze. While there has been a certain amount of backtracking since, it is clear that the government has been very committed to ‘fiscal consolidation’ (aka ‘austerity’). What were they thinking? ... <a title="Keith Rankin Analysis – The New Zealand Government’s ‘Public Finance Rabbithole’" class="read-more" href="https://eveningreport.nz/2021/05/12/keith-rankin-analysis-the-new-zealand-governments-public-finance-rabbithole/" aria-label="Read more about Keith Rankin Analysis – The New Zealand Government’s ‘Public Finance Rabbithole’">Read more</a>

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Analysis – New Zealand Property Market: An Eerie Warning from the IMF – Wealth Morning

April 27, 2021

Analysis by Simon Angelo, Editor, Wealth Morning * August 2000: IMF Report contends Irish property prices are almost certainly heading for a collapse in the medium-term. * Between 2007 to 2013: Irish house prices (nominal) fall 54%. * March 2021: IMF Report contends New Zealand’s unsustainable house price rises could trigger a pronounced correction. * ... <a title="Analysis – New Zealand Property Market: An Eerie Warning from the IMF – Wealth Morning" class="read-more" href="https://eveningreport.nz/2021/04/27/analysis-new-zealand-property-market-an-eerie-warning-from-the-imf-wealth-morning/" aria-label="Read more about Analysis – New Zealand Property Market: An Eerie Warning from the IMF – Wealth Morning">Read more</a>

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Bryce Edwards’ Political Roundup: Housing announcement a blow for those at the bottom

March 28, 2021

Analysis by Bryce Edwards. Renters have been thrown under a bus by the Labour Government this week. Now the dust has settled on the Government’s announced housing changes, economists are pointing to a likely rise in the cost of rents, and an increase in homelessness. The flipside, of course, is that homebuyers may be better ... <a title="Bryce Edwards’ Political Roundup: Housing announcement a blow for those at the bottom" class="read-more" href="https://eveningreport.nz/2021/03/28/bryce-edwards-political-roundup-housing-announcement-a-blow-for-those-at-the-bottom/" aria-label="Read more about Bryce Edwards’ Political Roundup: Housing announcement a blow for those at the bottom">Read more</a>

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OP-ED: Economy – Robertson not in the cheerleading squad – Chris Leitch

November 18, 2020

Opinion by Chris Leitch, Social Credit Party leader. 18th November 2020 – Hardly any of them will admit it (apart from Richard Prebble, David Seymour and the Taxpayers Union, who claim we already have a Social Credit economy, but who are wrong) but a growing majority of the notable people in New Zealand’s economic sphere ... <a title="OP-ED: Economy – Robertson not in the cheerleading squad – Chris Leitch" class="read-more" href="https://eveningreport.nz/2020/11/18/op-ed-economy-robertson-not-in-the-cheerleading-squad-chris-leitch/" aria-label="Read more about OP-ED: Economy – Robertson not in the cheerleading squad – Chris Leitch">Read more</a>

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Keith Rankin Analysis – The New ‘Centre-Left’ Establishment

November 12, 2020

Analysis by Keith Rankin. The Linear Political Spectrum In both New Zealand and United States, we have just seen the political success of the one-dimensional political centre; perhaps a nudge to the left of centre. By one-dimensional (or ‘linear’), we mean the traditional left-right political spectrum, whereby the ‘right’ means private capitalism aligned with institutional ... <a title="Keith Rankin Analysis – The New ‘Centre-Left’ Establishment" class="read-more" href="https://eveningreport.nz/2020/11/12/keith-rankin-analysis-the-new-centre-left-establishment/" aria-label="Read more about Keith Rankin Analysis – The New ‘Centre-Left’ Establishment">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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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 – 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>