novaanglicana
Member
Posts: 23
Party: UCP
Character: Rutger de Vries-Lau (Lau Rutger)
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Post by novaanglicana on Apr 27, 2020 14:57:31 GMT
Central Bank of Banduria Act
Author: Rutger de Vries-Lau (UCP)
Sponsors: Susilo Sri (UCP), Joseph Yu (UCP), Floortje Cheung (UCP), Peng Rong (NBF), Willem van Aldenkamp (Reform)
An Act to make provision for the establishment of a Central Bank of Banduria.
BE IT THEREFORE ENACTED, as follows:
§1 - Structure of the Central Bank of Banduria:§2 - Targets of the Central Bank of Banduria§3 - Powers of the Central Bank of Banduria |
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agarn
Member
Posts: 66 
Party: UCP
Character: Susilo Sri MP
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Post by agarn on Apr 27, 2020 15:06:39 GMT
Co-Sponsor, Susilo Sri (UCP)
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Atlantica
Administrator
Posts: 18
Party: Communist Party
Character: Qiao Zexian
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Post by Atlantica on Apr 27, 2020 19:30:11 GMT
I would suggest amending §2 to change "2% of 2%" to "two percentage points of 2%", just to be pedantic; I would very strongly urge amending §2 to include full-employment goals as well.
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novaanglicana
Member
Posts: 23
Party: UCP
Character: Rutger de Vries-Lau (Lau Rutger)
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Post by novaanglicana on Apr 27, 2020 20:20:07 GMT
I would suggest amending §2 to change "2% of 2%" to "two percentage points of 2%", just to be pedantic; I would very strongly urge amending §2 to include full-employment goals as well. Changed the 2% thing; can you elaborate on "full employment"? Is it a target unemployment rate you have in mind or simply for the Bank to consider what it can do to promote employment? |
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Atlantica
Administrator
Posts: 18
Party: Communist Party
Character: Qiao Zexian
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Post by Atlantica on Apr 27, 2020 21:52:34 GMT
I would suggest amending §2 to change "2% of 2%" to "two percentage points of 2%", just to be pedantic; I would very strongly urge amending §2 to include full-employment goals as well. Changed the 2% thing; can you elaborate on "full employment"? Is it a target unemployment rate you have in mind or simply for the Bank to consider what it can do to promote employment? I would recommend a target employment-to-population ratio of 70%, which is between Malaysia, Singapore, and Thailand's employment-to-population ratios, and a target unemployment rate of 2-4%, similar to Malaysia, Singapore, and Thailand's unemployment rates. |
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cranlet
Administrator
Posts: 42 
Party: Socialist Party
Character: Anita Chow
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Post by cranlet on Apr 27, 2020 22:21:39 GMT
Sponsor, Floortje Cheung, UCP.
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Post by xathuecia on Apr 28, 2020 3:49:45 GMT
Sponsor, Peng Rong, National Banduri Front
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novaanglicana
Member
Posts: 23
Party: UCP
Character: Rutger de Vries-Lau (Lau Rutger)
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Post by novaanglicana on Apr 28, 2020 13:04:43 GMT
Changed the 2% thing; can you elaborate on "full employment"? Is it a target unemployment rate you have in mind or simply for the Bank to consider what it can do to promote employment? I would recommend a target employment-to-population ratio of 70%, which is between Malaysia, Singapore, and Thailand's employment-to-population ratios, and a target unemployment rate of 2-4%, similar to Malaysia, Singapore, and Thailand's unemployment rates. Can you source those employment-to-population ratio numbers? I haven't been able to confirm them. I'm open to encouraging labour force participation with the bank, but I think unemployment rate is something for business/individuals to work out. |
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Atlantica
Administrator
Posts: 18
Party: Communist Party
Character: Qiao Zexian
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Post by Atlantica on Apr 28, 2020 18:12:03 GMT
I would recommend a target employment-to-population ratio of 70%, which is between Malaysia, Singapore, and Thailand's employment-to-population ratios, and a target unemployment rate of 2-4%, similar to Malaysia, Singapore, and Thailand's unemployment rates. Can you source those employment-to-population ratio numbers? I haven't been able to confirm them. I'm open to encouraging labour force participation with the bank, but I think unemployment rate is something for business/individuals to work out. , Malaysia of 66%, and Vietnam of 75%, so a target rate of 70% is between these ratios. |
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novaanglicana
Member
Posts: 23
Party: UCP
Character: Rutger de Vries-Lau (Lau Rutger)
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Post by novaanglicana on Apr 28, 2020 20:02:06 GMT
I will add a section on employment-to-population of 66%; given that Thailand is 67% and Vietnam is a "socialist-oriented market economy", presumably with a different role for government, I think that's comparable to our neighbors. |
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eastmeranopirus
Administrator
Posts: 5
Party: Reform
Character: Siew Wan Loei
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Post by eastmeranopirus on Apr 29, 2020 8:08:28 GMT
Why are we having a weird target employment-to-population ratio instead of just a target unemployment rate? Also, Siew wouldn't support anything compromising the central bank's independence, which §2.3 does.
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