Alex Tarrant of interest.co.nz had an interesting article earlier this week on the approach the Labour Party plans to take on monetary policy and Reserve Bank issues. It seems that we should take it as a reasonably authoritative description, even though the formal policy has yet to be released. Labour’s finance spokesman Grant Robertson described it thus
Useful write up from Alex Tarrant on monetary policy in NZ, including some thinking from yours truly.
From the article
Labour’s stance that the Reserve Bank of New Zealand’s (RBNZ) price stability goal should be accompanied by a focus on employment will not see it propose a specific, nominal employment or unemployment figure for the central bank to target, finance spokesman Grant Robertson told interest.co.nz.
Meanwhile, Labour is set to follow the US example of not outlining which of price stability or employment the central bank should prioritise if the two goals were to clash…
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Utopia, you are standing in it! 
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