Michael ReddellMichael Reddell

Michael Reddell spent three decades doing monetary policy and macroeconomics primarily at the Reserve Bank, but also at the New Zealand Treasury and as New Zealand’s representative on the board of the International Monetary Fund. He writes on these and other public policy issues at www.croakingcassandra.com

The case for a sharp GST cut to counter the impact of Covid-19

by

Trying to directly assist individual firms is a fool’s errand. Monetary policy is approaching its limits. We need to look to bigger, aggressive action, writes former Reserve Bank economist Michael Reddell. The economic implications of the Covid-19 public health emergency are formidable, and are growing by the day. Most of what we’ve seen in New … Read more