I'm interested to know how you understand QE to have driven up house prices. What is the supposed mechanism by which this occurred?
... (= GDP) out of the economy. The impending National govt austerity program...was it actually effective is the question. It certainly pushed ..., even for the CPI). But the idea of the policy is to... crisis), so the narrative is undermined by the statistics. And ...
Could be more clear on the description. Every additional dollar of ... GDP. That's because the government sits on the opposite side of a... balance sheet to the countries economy. People with income... response to a recession is the exact wrong time to be...
...a fundamental belief that the OCR is the primary factor and negatively...house price changes and the OCR level. The reason for this is...institutionally limited by the OCR, in fact the OCR is the rate at... This is related to the reason that the RBNZ does not think...
... has ever been proposed by the ACT party at least since... John Banks was leader of the party. This simple proposal has... been found later to undermine the NZ justice system. However, as... make prima facia judgements of the future of people convicted.
... therefore assigned your idea to the bad category where it can... remain indefinitely for the protection of society. But if...
You just wanted to put some thoughts up to demonstrate how show how bonkers peoples ideas for prison reform could get?
... expected to flow into the economy via elevated unemployment ...levels. As the RBNZ has explained in detail... got unemployment above the NAIRU before the inflation rate turned ...slightly lower GDP, pushing the impacts on inflation first onto...
...a positive feedback loop. The alternative policy of simply leaving... be positively correlated by the mechanisms of accruing excess ...purchases) or just by the mechanism of increasing saving ... general description of the relationship between the OCR and house ...
Were you not also claiming that the "country’s economy is performing so poorly" in the recent post titled "The Mini Budget Today"?
.... "A variant of the false analogy is the declaration that national debt...or grandchildren repay some of the national debt these payments will...more be impoverished by making the repayments than they will be...02/24/abba-lerner-and-the-true-nature-of-public-debt...
...to be applied to the budget condition. The budget coming in ...missed public spending outcomes are the actual lost resources and ...can never be recovered (because the time period has passed). ...under a false assumption that the governments budget position alters ...
...itself with the QTM approach. I put the date of the RBNZ officially...it was viable at the time), around the time all central ...all public payments directly into the central bank govt accounts. ...this is why the country wasn't bankrupted by the pandemic, despite ...
...MMT are rather irrelevant to the way that monetary policy ... While you may well understand the economy better and maybe implement...not a policy regime. Meanwhile the RBNZ is applying a particular...odd years of course with the hope of developing an understanding...
...supply and demand. Basically the real world evidence is stacked...other pricing mechanisms as, the expected behaviors are much less...go with that assumption in the modeling exercise, though its...really about the state of the NZ economy or the governments economic...
... an analysis of the developed country with the lowest inflation rate across... is clearly incapable of understanding the relevant economics involved here, and... seems to prefer the negative impacts of the inflation be urgently pushed...
... setters to generate it. The rather simplistic story about excess...decisions are calculated of course. The cost + pricing model has ...and demand based prices in the economy (say wholesale energy ... is not using the right mechanism then the numbers your getting...
... (and its kind of the whole narrative), was excessive ... your model doesn't work the way the economy actually functions or...particular research treasury likely applied the standard assumption that all ...supply and demand will drive the prices to an equilibrium. ...
... high government spending. The following link references an...transitory (would abate after the transitory circumstances dissipated). https... damaging to the country. The impact of the monetary policy ...in scale to the GDP fall). The main stream however ...
RNZ probably concerned NZ could miss-understand the euphamism of "using a procedure" on Israel's civilians and just how "endangering" this may be to "potential hostages".
...think this largely applies to the treaty and its interpretation. ...For all the rhetoric about co-governance we... on them. For all the history about sovereignty vs chieftanship...one parliament which makes all the laws in practice. It ...
Sounds like the Europeans are saying no ceasefire then, but they would accept unconditional surrender by Hamas in return for ending the ongoing atrocities and collective punishment of every Palestinian.
The basic product of philosophy (including... experiment should also be discarded. The question here seems to be...in future we could prioratise the political issues of which ever... fictional character appears in the ACT parties political advertising campaign...
Schrodinger was making the point that the system described by ...quantum mechanics appeared ridiculus. The description produced is a distribution... But this discussion makes the assumption that there is ... Its also possible that the resolution of measurement is ...
... put all entries through quarantine. The same approach would simply not... have worked in places like the UK however as they are... more connected and by the time this was operational you... a limited time frame. By the time NZ was vaccinating delta...
...of myocarditis were also the group unlikely to suffer...injected muscularly, and that the standard practice in NZ...this check can discomfort the patient). The procedure for administration should... eliminated) this risk. "The govt was strongly encouraging parents...
... vaccinated and the health departments message indicated the risk of ... blocked by the vaccine. The suggestion was that the severity of ... would be limited by the vaccine making people less... medical advice. The 'advice' presented by the anti-vaccine groups...
... it depends on the balance of trade of the country what is... a small trade deficit probably the government budget should also be... more [housing] debt reliant). But the point I was making is... that the easiest way to maintain a...
... higher interest rates aside the governments austerity drive should... be encouraging the country into investment. In... reverse the previous governments spending on...investment. Quite the opposite of this was the behavior we ...
...September for example. In fact the forecast is quite bullish as... it stands, expecting the economy to hold up while...built into the treasury forecast. This is the idea that the publics reaction...see how just going with the tax cut unfunded could result...
Will he have to re sit this course over summer?
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