This policy brief presents a number of scenarios to illustrate the impact on the budget from the Emissions Reduction Fund and removing the carbon price. Summary The Government proposes to remove the current legislated carbon price and replace it with its taxpayer-funded Emissions Reduction Fund (ERF). Over the four years of forward estimates, this is...

Open for Business: Removing the barriers to foreign investment is the third report released by The New Zealand Initiative on foreign direct investment. This final report in The New Zealand Initiative’s series on global financial links has found that New Zealand has an overly restrictive regulatory structure on inward capital flows, particularly relating to land...

To help place developments in revenue in perspective, and identify trends that can be obscured by short-term fluctuations, this report examines trends in Australian Government receipts over three decades.

When long-time Kiwi expat John Clarke was asked why he left New Zealand, he said: “Because it was there.” Clarke at least knew what being “there” meant, in contrast to most of his new compatriots, whose interest in and knowledge of their ANZAC cobbers (or “bros”, as we would say) extends little beyond the usual...

It is often suggested that incentive schemes under moral hazard can be gamed by an agent with superior knowledge of the environment, and that deliberate lack of transparency about the incentive scheme can reduce gaming. We formally investigate these arguments in a two-task moral hazard model in which the agent is privately informed about which...