Mini-Hoon: Arthur Grimes on how monetary policy worsened wellbeing for renters
I spoke with economist and Motu researcher Arthur Grimes yesterday about a paper he has just published today with Amelia Blamey and Norman Gemmell about the effects of monetary policy on wellbeing and inequality.
The paper attached below and linked above and below is titled: Impacts of macroeconomic policies on objective and subjective wellbeing: The role of housing tenure and concludes:
“Using survey data from 84,732 representative households collected by StatsNZ, we find that, relative to outright owners, higher property prices are associated with a decline in NHE for each of private…
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