Dennis Wesselbaum

Jul 25, 2024 | onlinelibrary.wiley.com | Dennis Wesselbaum

1 INTRODUCTION In over a little more than a decade the US economy was hit by two major disturbances: the Global Financial Crisis and the COVID-19 pandemic. Both these events generated recessions characterized by a large drop in economic activity and a dramatic increase in unemployment. The Obama as well as the Trump and Biden administrations used various fiscal policy measures to counteract the respective recessionary effects.

Jun 30, 2024 | tolerance.ca | Dennis Wesselbaum

By Dennis Wesselbaum, Associate Professor, Department of Economics, University of Otago For decades, New Zealand has struggled to substantially improve its productivity levels. But there are key ways the government can address this issue – improving the economic wellbeing of the country. Read complete article© The Conversation -

Jun 30, 2024 | theconversation.com | Dennis Wesselbaum

In the ups and downs of the global economy over the last decade, New Zealand has had one relatively consistent challenge: persistent productivity stagnation. Productivity compares the amount of goods and services produced (output) with the amount of inputs used to produce them. Since the Productivity Commission was set up in 2011, annual productivity growth has averaged at just 0.2% – one of the worst in the OECD.

Jun 5, 2024 | futuremedianews.com.na | Dennis Wesselbaum |Dilia Mazula

By Dennis Wesselbaum, University of OtagoOn the eve of the first budget from the National-ACT-New Zealand First coalition government, there is ongoing debate over whether borrowing while offering tax cuts could trigger a rise in inflation. Finance minister Nicola Willis has confirmed the budget will introduce “meaningful but modest” tax relief. But what impact will these cuts have on New Zealand’s economy?

May 30, 2024 | theconversation.com | Timothy Welch |Anna Matheson |Craig Elliffe |Dennis Wesselbaum |Hiran Thabrew |Julia Talbot-Jones | +1 more

Craig Elliffe: Small cuts, big consequencesHonestly, who would want to be Nicola Willis at this point? The effect of $14.7 billion of tax cuts is going to mean a dramatic rethink on expenditure in New Zealand in the long term, and about what sort of public services we expect as a country. The government’s cut-it-back strategy appears focused on the next four years, not a longer horizon. From a broader economic perspective, the hope is the cuts will provide help for households.