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Title of Croaking cassandra: "Croaking cassandra | Economics, public policy, monetary policy, financial regulation, with a New Zealand perspective"

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A central banker’s fiction

No, this is nothing to do with (say) Neil Quigley’s months-long spin and obfuscation from last year (eg here or


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Oil and monetary policy
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A very poor start by the Governor
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And that is that

About 15 years ago (partly thanks to a couple of years at Treasury, partly to the financial crises in the US and Europe) I started to get much more systematically interested in New Zealand’s disappointing and underwhelming economic performance, and in economic and financial history more generally. And as our kids were growing I was thinking about what to do next. The idea of ...


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Fiscal failure

Back in the far flung days – well, really only just more than two years ago – the National Party went to the election with a fiscal plan under which the government’s operating deficit would have been more or less closed by now. This was the table from that plan.

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