New Zealand Economy – Housing Leverage and Consumption Expenditure Evidence from New Zealand Microdata – Reserve Bank of New Zealand
Source: Reserve Bank of New Zealand Housing Leverage and Consumption Expenditure – Evidence from New Zealand Microdata – Non-technical summary – Understanding household consumption spending is crucial for modelling business cycles and designing macroeconomic policy. This paper investigates how household debt affects the marginal propensity to consume out of housing wealth. Click here for the full document […]
Read More →New Zealand Tertiary Sector – University of Canterbury hosts Women in Finance panel discussion
Source: University of Canterbury Women make up only an estimated 10% to 15% of the New Zealand financial industry, with female representation at senior management levels estimated to be even lower. This is despite research that suggests gender diversity across job grades and functions delivers benefits to businesses, the economy and society. To discuss and […]
Read More →New Zealand Housing Sector – Vancouver’s Empty Homes Tax – Christchurch Progressive Network
Source: Christchurch Progressive Network The Christchurch Progressive Network has written to Housing Minister Phil Twyford urging the government to consider implementing an Empty Homes Tax similar to the tax recently introduced in Vancouver, Canada. With winter approaching and emergency houses full we desperately need more houses for tenants and families on low and middle incomes. […]
Read More →New Zealand Economy – A new discussion paper by Fang Yao, Jed Armstrong and Hayden Skilling has been published – Reserve Bank of New Zealand
Source: Reserve Bank of New Zealand Loan-to-Value Ratio Restrictions and House Prices – Non-technical summary (pdf) – This paper contributes to the international policy debate on the effect of macro-prudential policy on housing-market dynamics. We use detailed New Zealand housing market data to evaluate the effect of loan-to-value ratio (LVR) restrictions on house prices. The main challenge in identifying […]
Read More →TPPA-11 – Parliament should review international treaty powers
Source: It’s Our Future “The parliamentary select committee should call for a review of the government’s treaty-making powers before rushing in to ratify the TPPA,” says Oliver Hailes, spokesperson for It’s Our Future, in anticipation of next week’s hearings on the controversial economic treaty. “We need modern forms of accountability before we commit to these […]
Read More →New Zealand First Responders – Local brigades in Firefighter Sky Tower Stair Challenge on May 19
Source: Leukaemia & Blood Cancer New Zealand On May 19, 950 firefighters take on the 1,103 stairs of Auckland’s Sky Tower for the Firefighter Sky Tower Stair Challenge raising funds for Leukaemia & Blood Cancer New Zealand. This year firefighters ranging in age from 16 to 76 years old will gear up with full firefighting kit […]
Read More →New Zealand Business – Auckland Airport Section 53B review of FY18–FY22 prices
Source: Auckland Airport Auckland Airport has received the Commerce Commission's draft report on the aeronautical prices set by the company for the period 1 July 2017 to 30 June 2022 ("PSE3"). The review is focusing on the reasonableness of the airport's targeted returns, forecast capital and operating spend and pricing efficiency. The Commission's draft report […]
Read More →New Zealand Union Sector – Unite accuses McDonald’s of wage theft
Source: Unite Union Unite Union has accused McDonald's of deliberately denying many workers their legal entitlement to an alternative holiday or lieu day for working a public holiday, or alternatively denying workers pay for a public holiday when they were entitled to it. "From wage and time records we have received and analysed, it seems clear […]
Read More →New Zealand Health Sector – Beer advertising featuring Eric Murray found to breach Advertising Code
Source: Alcohol Healthwatch Beer advertising featuring double Olympic gold medallist Eric Murray is to be removed from the ‘Beer the Beautiful Truth’ campaign following a successful complaint by Alcohol Healthwatch. Alcohol Healthwatch Executive Director Dr Nicki Jackson says the Code for Advertising and Promotion of Alcohol prohibits advertising that uses heroes of the young. But […]
Read More →New Zealand Recreation – Safety agencies urge day trippers to be prepared
Source: Water Safety New Zealand (WSNZ) The preventable drowning of an international student at Tauranga's Omanawa Falls has highlighted how New Zealand’s natural beauty can mask the danger that exists in our great outdoors. The death of 27 year old Kishore Kumar Aravindan is the 30th preventable drowning in New Zealand for 2018. “First and foremost […]
Read More →