Professor Robert MacCulloch: Why the Nats are sweating bricks about the economy.

The previous Reserve Bank Governor, Graeme Wheeler, was an impressive and thoughtful person. He was also decent - each year coming to visit my classes and tell them his views about the state of the NZ economy. The students greatly appreciated his visits and Graeme Wheeler took it to be part of his public "duties", if you like, in terms of explaining what the Reserve Bank does to aspiring young Kiwi economists.