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MEDIA MESSES

Are journalists making the economic situation seem worse? 
 
Listener 31 May, 2008 
 
Keywords: Macroeconomics & Money; Statistics; 
 
What is happening to journalism? You will recall that, last year, journalists campaigned for tax cuts based on a total misunderstanding of the Government accounts. They used the wrong measure of the Budget surplus, which gave the impression there was substantial [...]

31st May 2008 | Comments Closed

THE SEX INDUSTRY AND THE BEAGLEHOLE ROOM

Presentation for the “ 3 Books, 3 Scholars” seminar in the J.C. Beaglehole room – 27th May
 
Keywords: Literature and Culture; Political Economy & History;
 
When it was first opened over forty years, this room was a part of the teaching rooms of the university. I guess I am confessing that I am a graduate of [...]

27th May 2008 | Comments Closed

FIGURE IT OUT

Why we rate poorly in the OECD’s output-per-person stakes.
Listener: 17 May, 2008
Keywords: Growth & Innovation;
Suppose your car goes slower than anyone else’s. What would you think if your mechanic said, “Get a new driver”, or “It should be painted red”, or “It needs a better carburettor” without first putting his head under the bonnet?
I won’t [...]

17th May 2008 | Comments Closed

SOME NOTES ON NEW ZEALAND ECONOMIC GROWTH RESEARCH

Revised Paper for a Seminar, 15 May 2008
 
Keywords: Growth & Innovation; Statistics;
 
I have been asked to make a few remarks on research into economic growth in New Zealand. Let me begin with some preliminaries.
 
Policy
 
I am going to avoid suggesting any policy conclusions which might follow from the research, because policy oriented research is almost [...]

15th May 2008 | Comments Closed

BUBBLE TROUBLE

The liquidity drunks have taken over the economic asylum. 
 
Listener: 3 May, 2008 
 
Keywords: Macroeconomics & Money; 
 
The standard explanation of the ongoing world financial crisis is that the United States Government has been running a huge fiscal deficit, which has poured liquidity (cash and near-cash) into the world economy. This facilitated the creation of various complicated financial [...]

3rd May 2008 | Comments Closed