Michael Reddell spent most of his career at the Reserve Bank of New Zealand, where he was heavily involved with monetary policy formulation, and in financial markets and financial regulatory policy, serving for a time as Head of Financial Markets. He also spent time at the New Zealand Treasury, as alternative executive director on the board of the IMF, and as a resident economic adviser to the central banks of Papua New Guinea and Zambia. These days, semi-retired, he writes a blog on central banking, economic performance and productivity, and related issues (with a New Zealand focus).
Michael is a reviewer for Central Banking, writing regularly for the ‘Book notes’ section of the quarterly journal.
Unsatisfactory story about the decline and resurgence of the UK’s importance in the global financial system
A new standard reference point for the history of central banking
Ball claims the Fed could have lent to Lehmans, lawfully and prudently, had it chosen to do so, writes Reddell. But agreeing the Fed could have provided liquidity support does not automatically imply it should have
The authors have created a compelling framework to characterise and explain the nature of intangible investments in our economies, writes Michael Reddell, but their conclusions are lacking in analysis and data
Quality of national institutions vital to handling financial crises, say authors
A stimulating collection of papers on the monetarist theory that had central bankers in late 2008 focused on boosting the quantity of broad money “the Great Recession would not have happened”
Analysis of those in charge of monetary policy decisions in advanced economies between 1950–2001, attempting to understand the role of personal background in decision-making
Conti-Brown offers a call to action to fix the legitimacy of the Federal Reserve System