The Reserve Bank has been learning lessons from its handling of the Covid pandemic. 

Chief Economist Paul Conway says they now have a deeper understanding of supply shocks and the structural drivers of inflation and are better equipped for future shocks. 

He says in hindsight, going earlier or harder to OCR hikes would have reduced inflation sooner. 

New Zealand Initiative Chief Economist Eric Crampton told Ryan Bridge pumping money into a locked-down economy was the wrong approach. 

He says it's great the Reserve Bank is recognising its mistakes now, but it would have been better if they'd recognised them earlier. 

LISTEN ABOVE 

The Reserve Bank has been learning lessons from its handling of the Covid pandemic.&nbsp;
Chief Economist Paul Conway says they now have a deeper understanding of supply shocks and the structural drivers of inflation and are better equipped for future shocks.&nbsp;
He says in hindsight, going earlier or harder to OCR hikes would have reduced inflation sooner.&nbsp;
New Zealand Initiative Chief Economist Eric Crampton told Ryan Bridge pumping money into a locked-down economy was the wrong approach.&nbsp;
He says it's great the Reserve Bank is recognising its mistakes now, but it would have been better if they'd recognised them earlier.&nbsp;
LISTEN ABOVE&nbsp;

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Eric Crampton: NZ Initiative Chief Economist on the report looking at the Reserve Bank's handling of Covid inflation

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7cf52b92-8612-4ab7-b99d-b36701682381/transcript