Monetary Policy
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- Strengthen coordination of monetary and fiscal policy
- Increase the focus on the exchange rate and balance of payments, including using a range of tools to dampen volatility in the New Zealand dollar exchange rate or to influence it if it remains significantly over-valued or under-valued.
- Implement measures to limit future asset (especially house) price inflation such as introducing a comprehensive capital gains tax exempting the family home.
- Support the appropriate use of overt monetary financing (direct financing of public expenditure by the central bank) where it helps achieve in line with the other objectives vision and principles of the Economic Policy.
- Undertake a comprehensive review of the conduct of monetary policy.
- Read more here and here.
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1 Comments
MMT is the latest version of spin for lets get in debt then try and reduce our expense on that debt to as little as possible. The fundamentals have been around as long as banking;the south sea bubble ,John Law 1710-20, The French revolution, USA fiat money. GDP Growth and other measures are no longer useful tools in a manipulated market. NZ is a flea on a dog and will have to ride where the major powers taker them to a certain extent. All those bubbles burst painfully dont expect any different outcome from the latest lets pawn the family silver to pay for today.
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