We’ve had a couple of widely-reported contributions to discussions on housing policy in the last few days.
The first was the Concluding Statement from the staff mission responsible for conducting the latest International Monetary Fund Article IV consultation with New Zealand (usually a physical mission here from Washington, but presumably done remotely this time). These statements are not formally the official view of the IMF management, let alone the Board, but you don’t get to be a mission leader without demonstrating your soundness and ability to run a line that won’t upset the Board and management. That doesn’t mean the messages are typically consistent either across time or across countries, but it does mean the final report (and the Board review of it) won’t be materially different. Of course, it helps that New Zealand isn’t a very important country (to the IMF – we don’t borrow from them, we pose…
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