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Some puzzles about this week’s OCR reduction
This week the Reserve Bank of New Zealand’s Monetary Policy Committee (MPC) lowered the Official Cash Rate (OCR) from 5.50% to 5.25%. Many market economists predicted this change. Read more
Bryce is a Senior Fellow at The New Zealand Initiative, and also the Director of the Wellington-based economic consultancy firm Capital Economics. Prior to setting this up in 1997 he was a Director of, and shareholder in, First NZ Capital. Before moving into investment banking in 1985, he worked in the New Zealand Treasury, reaching the position of Director. Bryce holds a PhD in economics from the University of Canterbury and was a Harkness Fellow at Harvard University. He is a Fellow of the Law and Economics Association of New Zealand.
Bryce is available for comment on fiscal issues, our poverty, inequality and welfare research. He also has a strong background in public policy analysis including monetary policy, capital markets research and microeconomic advisory work.
Phone: +64 4 499 0790
This week the Reserve Bank of New Zealand’s Monetary Policy Committee (MPC) lowered the Official Cash Rate (OCR) from 5.50% to 5.25%. Many market economists predicted this change. Read more
In recent weeks, media reports have highlighted two seemingly unrelated issues: a severe shortage of General Practitioners (GPs) and the closure of businesses due to soaring electricity prices. While these issues may appear to be distinct, they share a root cause. Read more
1.1 This submission on the “Consultation on the Scope of the Treasury's Long-term Insights Briefing” is made by The New Zealand Initiative (the Initiative), a Wellington-based think tank supported primarily by major New Zealand businesses. In combination, our members employ more than 150,000 people. Read more
The record net migration loss of 60,100 New Zealand citizens in the year to May 2024 is an orange warning light for New Zealand. But fears that it represents a worrying brain drain are statistically premature. Read more
Dr Bryce Wilkinson talked to Sean Plunket on The Platform about New Zealand's healthcare system overhaul, including the appointment of a new health commissioner and the challenges of restructuring after problematic reforms. They potential solutions, such as decentralising decision-making, to address issues like overspending and improve healthcare delivery. Watch below. Read more
In a dramatic move this week, the government replaced the board of Health New Zealand (Te Whatu Ora) with a commissioner. Dramatic but not much of a surprise. Read more
The record net outflow of New Zealanders migrating to Australia and further afield should be seen as an "orange light" rather than a red light, according to a research note by The New Zealand Initiative. The report, Are Kiwis fleeing?, examines recent migration trends and finds that while the net outflow of 60,100 New Zealand citizens in the year to May 2024 is significant, it is currently offset by a near-record inflow of migrants who are likely more highly qualified than the average New Zealander. Read more
Wellington (Tuesday, 23 July 2024) - The record net outflow of New Zealanders migrating to Australia and further afield should be seen as an "orange light" rather than a red light, according to a research note by The New Zealand Initiative. The report, Are flying Kiwis fleeing?, examines recent migration trends and finds that while the net outflow of 60,100 New Zealand citizens in the year to May 2024 is significant, it is currently offset by a near-record inflow of migrants who are likely more highly qualified than the average New Zealander. Read more
“And some things that should not have been forgotten were lost.” Gandalf This week and last week, The Listener ran five articles revisiting New Zealand’s economic reforms from 1984 to 1993. Four of those articles had little good to say about them, or the people who led them with such clarity, courage and determination. Read more
New Zealand has long enjoyed its reputation as one of the world's most transparent and business-friendly nations. Does it deserve this reputation? Read more
Last week the government announced a comprehensive review of the country's Workplace Health and Safety regulation. There are good reasons for it to do so. Read more
Eminent New Zealander, Sir Roger Douglas has renewed his case for radical changes to fiscal policy in the last three weeks. The issues are relevant to Budget 2024. Read more
Last weekend, deeply disturbing allegations emerged that the privacy of New Zealanders’ census data was grossly violated in the lead-up to the 2023 general election. Media reports include allegations that confidential personal information collected during the 2023 census on behalf of Statistics New Zealand was illicitly copied for private benefit. Read more
If a picture contains a thousand words, this column is going to run well over our normal word limit. But the charts do say a lot, so we’ll let the charts do most of the talking. Read more
Dr Bryce Wilkinson talks to Leah Panapa on The Platform about BUdget 2023. Watch below. Read more