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#COVID19 #OTD

Monetary policy in 2020

Michael Reddell's avatarcroaking cassandra

On Saturday I did a guest lecture to the Master of Applied Finance course at Victoria University. Martien Lubberink, who runs the course, invited me along to talk to the students about the Reserve Bank’s monetary policy this year (as it happens, most years for the best part of two decades I used to do a lecture to this same course articulating and championing the monetary policy framework and the Bank’s conduct of policy).

There wasn’t a great deal in the lecture that hasn’t already been covered in one or (many) more posts over the course of the year, but if anyone is interested here are the slides I used

Activity over substance VUW presentation 12 Dec 2020

and this is the story I was trying to tell

Notes for VUW MAF lecture on 2020 mon pol 12 Dec 2020

For the most part, I tried to look at what…

View original post 1,676 more words

The right medicine for NZ (we are told) is a matter of Pharmac’s ethnic mix rather than pharmaceutical expertise

PHARMAC is buying drugs invented overseas in complete ignorance of New Zealand circumstances so it is random chance that they will benefit any group more or less

Bob Edlin's avatarPoint of Order

Stuff delivered another woke-up call to its readers this morning with a report which presses Pharmac to hire more Maori.

There’s nothing in the article to convincingly explain how current staff ratios adversely affect Pharmac’s job of buying medicines or how they actually undermine the nation’s health.

The drug-purchasing agency’s “appalling” shortcomings instead relate to concerns about cultural inadequacies, systemic racism and a failure to meet Treaty of Waitangi obligations.

The on-line report is accompanied by a video of the PM facing questions about the government’s healthcare policy and its funding of Pharmac.

She will be used to such questioning.  Pharmac is the constant target of grievances about its medicine-buying priorities and of petitioners who quickly muster popular support for demands that certain drugs be bought (typically at great cost) to deal with one life-sapping illness or another.

This time Stuff’s Katarina Williams has discovered –

Just three of Pharmac

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