If New Zealand needs macro‐prudential polices to control house prices, why doesn’t Australia need them?

In much of the lead‐up to the Global Financial Crisis (GFC), through the 2000s, there were comments by regulators and others about potential asset price bubbles. Were these occurring, did they matter,and was there anything that the authorities could or should be doing about them? Could markets prices assets inefficiently, or was any apparent mispricing … Continue reading If New Zealand needs macro‐prudential polices to control house prices, why doesn’t Australia need them?