Other older papers/articles may be added as I track them down, or secure permission to post them.
New Zealand’s longer-term economic performance
“The long-term level ‘misalignment’ of the exchange rate: Some perspectives on causes and consequences” (speaking notes version here) , Paper presented at the Reserve Bank and Treasury Exchange Rate Forum, 26 March 2013
Why New Zealand languishes Notes that extend the analytical framework used in the March 2013 paper into a (brief) speculative treatment of a longer run of New Zealand economic history. May 2013
“Thinking Big: And drifting slowly ever further behind” Address to the New Zealand Initiative Members’ Retreat, Auckland, March 2016 Drifting slowly ever further behind NZI retreat presentation 17 March 2016
Think Big: Auckland, immigration, and the absence of income growth , AUT Policy Brief, May 2016
People, land, and (lots of) sea: New Zealand’s persistent economic underperformance Address to the Fabian Society, Wellington, 20 May 2016
Distance still matters hugely: an economist’s case for much-reduced non-citizen immigration to New Zealand, Address to LEANZ seminar, Wellington, 26 June 2017
An economist’s scepticism about large-scale immigration to New Zealand, Address to Rotary Club of Port Nicholson, 5 July 2017
Large-scale non-citizen immigration to New Zealand has been making us poorer , Address to Mana 3A, Plimmerton, 18 September 2017
An underperforming economy: the insufficiently recognised implications of extreme remoteness, draft book chapter, May 2019
“Economic effects of immigration and the New Zealand economic histories” (note summarizing the perspectives of post-war New Zealand economic historians in published work), 29 June 2013 Economic effects of immigration and the New Zealand economic historians
The Sharing Game, Speaking notes for the Goethe Institute/New Zealand Initiative panel on immigration and diversity, Wellington, November 2015
The New Zealand Initiative released a major report on New Zealand immigration policy. Over February and March 2017 I ran a series of 10 posts commenting on various aspect of the report, which are collated here in a single document.
PSN lecture series Lifting productivity, for our kids’ sake May 2018 Address as part of Presbyterian Support Northern’s series of talks on aspect of improving wellbeing for children. Auckland and Wellington, May 2018.
Housing and housing finance
“Housing: more than a symptom and less than a cause” Comments on a presentation by Peter Jarrett at the Treasury/Reserve Bank/VUW conference on macroeconomic imbalances, June 2011 (this was the first public version of my thoughts on the macroeconomic impact of modern New Zealand immigration policy)
“High house prices: a blunder of our governments”, Basis for an address to a Portfolio Construction symposium, Auckland, May 2015 High house prices a blunder of our governments
Housing, financial stresses, and the regulatory role of the Reserve Bank LEANZ seminar 25 June 2015 Address to LEANZ, Wellington, June 2015
Submission to RBNZ investor finance restrictions July 2015 Submission on the proposal to impose restrictions on access to bank finance for those purchasing rental properties
High house prices A blunder of our governments (for AUT Briefing Papers) Published in AUT’s online Briefing Papers series August 2015
“Housing: some perspectives on how governments have messed things up”, Speech to Nelson Property Investors’ Association, October 2015 Housing speech for Nelson 27 Oct 2015
“Intervening without understanding: The Reserve Bank and the housing market” , Address to Nelson Property Investors’ Association, 1 August 2017
“Towards a Nordic tax system for New Zealand” , Notes for use in the VUW/GEN public finance debates, Wellington, September 2012
Monetary policy and inflation targeting
“Origins and early development of inflation targeting” Reserve Bank of New Zealand Bulletin, Vol 62 No 3, September 1999
“Fiscal policy, monetary policy, and monetary conditions: 1990 and 1991” Internal RBNZ paper written in 2010 (and released with redactions) about the interactions between fiscal and monetary policy in the early days of inflation targeting. Memo to MPC – Fiscal policy, monetary policy and monetary conditions part 1 , Memo to MPC – Fiscal policy, monetary policy and monetary conditions part 2
“Discussion of ‘Inflation Targeting and Economic Reforms in New Zealand’ “ International Journal of Central Banking, September 2015 pp 199-211 (in particular, a discussion of nominal GDP targeting as a possible alternative)
Banking regulation and supervision
Governance and structure of the Reserve Bank
Grant Robertson, Labour’s finance spokesperson, in an address at Victoria University on 10 April 2017 outlined Labour’s policy on reforming the decision-making process for monetary policy, and adding full employment to the statutory monetary policy objective. I was a discussant, and the background notes I used are here.
Economic and central banking history
The New Zealand Debt Conversion Act 1933: a case study in coercive domestic public debt restructuring, Reserve Bank of New Zealand Bulletin, March 2012 pp 38-45
Discussant comments on John Singleton’s ‘The Winds of Change for Central Banks’ Presented at the RBNZ/VUW Professorial Fellowship Workshop, The Current Financial Crisis: Historical Perspectives and Implications for Central Banks. June 2009
Christianity and economics
One Christian’s Thoughts on Economics and Money Baptist Assembly 2002, Address to the New Zealand Baptist Assembly, Christchurch, November 2002
A letter to Simon Bridges and David Seymour re the absolute ban on funerals, committals etc under the March 2020 partial lockdown.