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Appointing an MPC: worse than Trump?

03/08/2019

From Michael Reddell an excellent post on how the MPC process has been manipulated

croaking cassandra

Interest.co.nz had a story yesterday picking up on the Official Information Act releases (from the Minister and from the Board) I wrote about the other day about the appointment of the members of the new Monetary Policy Committee.  The story focused on the weird decision to exclude from consideration “any individuals who are engaged, or who are likely to engage in future, in active research on monetary policy or macroeconomics”.     This wasn’t just a hypothetical: at least one person who could have been quite suitable for the MPC was actively turned away on these grounds.

The tweet promoting the story sums up reaction quite well

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