Oliver Hartwich: Supercharge New Zealand with supply-side reforms

After a massive amount of fiscal and monetary stimulus, New Zealand’s economy overheated. The Reserve Bank of New Zealand (RBNZ) faces an uphill battle to bring inflation under control. It tries to do so by dampening demand. I wrote about this in last week’s Insights.

But the key to stabilising our economy is not merely to rein in demand – it should also bolster the supply side. And this is what I want to spell out today.