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Recent Posts
- Sequestration rules will change
- Moving forward with methane levies
- Agricultural GHG bullets are firing randomly
- Key methane technologies misfire
- Simon Upton, methane and forestry
- Voluntary sequestration schemes create opportunities as well as confusion
- Carbon credits are not created equal
- Dairy is fundamental to New Zealand’s future but it needs an informed debate
- Carbon farming rocket has taken off
- Mega changes announced to forestry and carbon policies
- Climate Change Commission pours reality on HWEN proposals
- Wrestling with methane metrics
- The methane issue is far from settled
- Can agriculture meet its methane targets?
- The future for sheep
- Fonterra’s new capital structure gets closer
- Are pine trees the problem or the solution?
- He Waka Eke Noa is now the main game in rural politics
- HWEN submission
- Forestry rules about to be upturned
- He Waka Eke Noa caught in crosswinds
- Carbon farming is back in the melting pot
- Agriculture’s greenhouse gas proposals need a reset
- The carbon price marches on
- 2022 will be tumultuous for New Zealand’s primary industries
- Economic storm clouds lie ahead
- Managing inflation will be painful
- Crunch times ahead for agricultural methane and nitrous oxide
- New twists to carbon farming
- Dairy is a key to New Zealand’s future
- Wrestling with forestry decisions
- The COVID trajectory has taken off
- New Zealand needs a COVID reset
- Post-1989 forest owners face complex decisions
- Fonterra moves on strategy and stucture
- The ETS is both a goldmine and a minefield
- Carbon farming will determine the future of sheep, beef and production forestry
- Institutional investors outgun Government at carbon auction
- Food-derived opioids are a medical frontier
- Carbon farmers need to understand the ETS
- Carbon-farming economics are also attractive on easier country
- Carbon farming steps forward on the North Island hard-hill country
- The big picture with sheep
- Sheep remain dominant on South Island hill and high country
- Intensive sheep and beef provide cash but wealth depends on capital gain
- Searching for the future on the North Island hills
- Fonterra’s restructure proposal risks the co-operative
- Fonterra heads towards a new capital structure with scope for unintended consequences
- Sheep and beef farms are getting squeezed
- A2 moves from a brand to a category
Category Archives: macroeconomics
2022 will be tumultuous for New Zealand’s primary industries
This year is not going to be just any year for the food and fibre industries. On the prices front, things should go well for most products. However, on the policy front, it is the second year of the three-year … Continue reading
Economic storm clouds lie ahead
The focus on COVID-19 and the associated inflation forces have crowded out consideration of strategic issues that are fundamental to the New Zealand economy If Treasury forecasts are correct, then New Zealand will have short term economic growth as a … Continue reading
Posted in macroeconomics, The economy, Uncategorized
12 Comments
Managing inflation will be painful
Inflation has become a wicked problem, with no painless solutions. Demarcation between the ‘haves’ and ‘have-nots’ is increasing, with societal consequences New Zealand and indeed many parts of the Western World have got themselves in a bind with inflation. To … Continue reading
Posted in macroeconomics, The economy, Uncategorized
6 Comments
New Zealand’s internal inflation is not benign
New Zealand’s internal inflation from non-tradables is well alight at 2.8 percent for the last year. In contrast, prices for items traded internationally declined by 0.3%. Understanding these differences and the reasons for these differences lies at the heart of … Continue reading
Posted in macroeconomics, Uncategorized
4 Comments
House-price inflation and interest rates are bound at the hip
Reducing house-price inflation depends on identifying the drivers. Right now, that means interest rate policy and quantitative easing must change. Everything else is band-aid as the fireball grows House-price inflation is New Zealand’s hot-fire issue. Look back a year and … Continue reading
Posted in macroeconomics, The economy, Uncategorized
15 Comments
Reserve Bank drives economic policy
The Reserve Bank drives economic policy with officials, rather than elected Government, in the driver’s seat. But the Reserve Bank mandate provided by the Government is where it all starts There are two key institutions that drive New Zealand’s economic … Continue reading
Posted in macroeconomics, Uncategorized
7 Comments
A resource-based perspective on immigration
Any debate on immigration has to consider the fixed natural resources that have to be spread across increasing numbers of citizens A recent article by Professor Spoonley at interest.co.nz has laid out the demographic aspects of immigration. Spoonley illustrates how … Continue reading
Posted in macroeconomics, The economy, Uncategorized
3 Comments
Can low interest rates really stimulate the economy?
Quantitative easing is surely driving down interest rates and in time will most likely lead to inflation. Whether this will stimulate the economy is much more problematic The current policy of the Reserve Bank is very clear. It is to … Continue reading
Posted in macroeconomics
7 Comments
Quantitative easing floods capital markets
The New Zealand Government is driving interest rates down through massive quantitative easing. That means they are creating lots of additional money. Capital markets are consequently flooded with available money looking for a home. A debate is needed as to … Continue reading
Posted in macroeconomics
8 Comments