Rescuing the New Zealand Economy: Where We Went Wrong and how We Can Fix itWithout really knowing why, many New Zealanders are baffled and disturbed by the current economic turmoil of our cripplingly high interest rates and a massively over-valued New Zealand dollar that is destroying the returns of our mainstay exporters. Author Bryan Gould shows how an extreme policy straitjacket has been responsible for decades of damage to our productive economy. But importantly, this book also looks beyond the recent, depressing past to a more optimistic vision for the future, and lays out a way forward that utilises a more balanced and humane view of what economic management is about. Ultmately, it is a plea for people to become better informed and to enter into the debate about how we can revive the New Zealand economy. |
Contents
Foreword | 6 |
How have we done? The economic outcomes | 23 |
monetarism get it wrong? | 45 |
Copyright | |
6 other sections not shown
Common terms and phrases
achieve assets Australia bank lending battle against inflation capital cent competitiveness consequence controlling inflation costs counter-inflation countries current account deficit current orthodoxy current policy damage David Lange debate decisions demand democratic developed domestic economic performance economic policy economists effective exchange rate factors Finance and Expenditure fiscal policy Fisher and Paykel focused foreign free-market global economy goal government spending Governor growth high interest rates higher housing market ILSS impact important improved income increase interest rates investment investors issues KiwiSaver living standards macroeconomic macroeconomic policy measures Michael Cullen Minister of Finance monetarist theory monetary policy money supply nomic OECD OECD average Official Cash Rate outcomes overseas overvalued particular policy stance policy-makers political politicians profits real economy recognise reforms Reserve Bank response rise Roger Douglas sector Select Committee social surcharge tion trade wealth wider words Zealand dollar Zealand economy