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tvhe

Claimed Blog: The visible hand in economics

WallStreetBlips Member since Jan. 29, 2009

NZ/Aussie Optimum currency area
tvhe.co.nz — There is a little bit of talk about a ANZAC currency I see. Lets be honest here,... this effectively implies that New Zealand would be adopting the Aussie dollar. I remember arguing about this with my brother a while back, he was pro I was against. Nowadays, I’m not sure – I’d ... (more) NZ/Aussie Optimum currency area
Quote of the day: On subjective experience
tvhe.co.nz — As we’ve said before, the first port of call for economists is trying to frame an issue... as objectively as possible. However, in a practical sense many economists can’t help jumping in and adding some conclusions along the way. Now, I’m no philosopher so I find it handy to ... (more) Quote of the day: On subjective experience
Social harm and drugs: Is something missing?
tvhe.co.nz — In a recent article on Cannabis seizures the police said : Based on the New Zealand Drug... Harm Index, it was estimated that $379 million worth of social harm had been prevented by the operation So I looked up the drug harm index and found a release from BERL that stated: Cannabis is ... (more) Social harm and drugs: Is something missing?
Crampton on capital gains tax
tvhe.co.nz — Eric Crampton makes some good points regarding a CGT in NZ. The main point I would like... to comment on is. I’d be surprised if the efficient solution were a broad capital gains tax rather than IRD just watching things a bit more closely I agree, 100%. The fact is that income on ... (more) Crampton on capital gains tax
Quote of the day: On NZ property investment
tvhe.co.nz — From David Chaplin’s blog on the Herald site : If New Zealanders have a love affair with... property investments, it’s one where government and regulators have acted as pimp. That is awesome – and very true. (more) Quote of the day: On NZ property investment
Quote of the day: On green shoots
tvhe.co.nz — From mouse on the rates blog comes this awesome quote : It looks like Infometrics have been... Smoking some “Green Shoots”. Given I work at Infometrics, this quote is going to make its way onto my wall. Bloody brilliant (more) Quote of the day: On green shoots
Supersize NZ
tvhe.co.nz — I had forgotten about this, but a while back CIS released a booklet with a few essays... on “how to supersize NZ” (as in make the economy bigger, not supersize in the McDonalds sense). It was called Supersize New Zealand: A collection of essays on how to improve New Zealand’s ... (more) Supersize NZ
Tax and recovery: Two ways Bill English is correct
tvhe.co.nz — Whale Oil is unhappy with Bill English mentioning a capital gains tax. Specifically he says: In times... of recession it isn’t that the government should be looking for more taxes. But there are two reasons why I think Bill English is correct at the moment. Bill English appears to ... (more) Tax and recovery: Two ways Bill English is correct
Desperate bleg: GST
tvhe.co.nz — I need you guys to answer a question for me. Bill English said : If you want... to stop people spending more, put GST up, but of course that has a big impact on people, particularly on lower incomes, so it’s not a straightforward issue. Now the first bit is a bit dodgy – putting up ... (more) Desperate bleg: GST
Subsidises and complaints
tvhe.co.nz — Over at the Standard they have made an inference I agree with, namely that a subsidy doesn’t... just increase consumer surplus, but they have taken it in a way I disagree with. Given I have no time I will just pull my comments out of the blog and put them here I agree with Tom here. ... (more) Subsidises and complaints
More on exchange rate targeting
tvhe.co.nz — Now in the short term a look at the exchange rate is important for a monetary authority... – as it is part of the “inflation targeting” framework. This is because a stronger dollar implies a lower prices level, which may in turn influence expectations of inflation or the ... (more) More on exchange rate targeting
Forecast of rising house prices: So what
tvhe.co.nz — An Infometrics report for QBE has stated that house prices are expected to be 24% higher in... three years time. As the Rates Blog says this implies that “inflation-adjusted house prices were currently 15% above their long-term trend-line but could get toward 30% above the trend by June ... (more) Forecast of rising house prices: So what
Internalities, mechanisms, and booze
tvhe.co.nz — NZIER has released an “Insight” on internalities – specifically stating that this is one way we could... justify some of the costs in the BERL alcohol report as being policy relevant. Eric Crampton discussed the release here. What are internalities? Internalities is the name ... (more) Internalities, mechanisms, and booze
More commentators on the NZ dollar
tvhe.co.nz — As mentioned here earlier, the high NZ dollar is a symptom of domestic imbalances not a cause... – so instead of looking at intervening in the dollar we should be trying to understand exactly what is driving structural issues in the economy. A couple of articles that follow on in this view ... (more) More commentators on the NZ dollar
Fixed and floating, monetary policy, and structural imbalances
tvhe.co.nz — Over at the Rates Blog Andrew Coleman writes a piece on fixed mortgage rates and the monetary... policy transition mechanism. His initial point is that the ability of the Reserve Bank to smooth economic activity has been constrained by the fact that so many New Zealander’s hand fixed rate ... (more) Fixed and floating, monetary policy, and structural ...
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