Economist also says Reserve Bank ‘stuck in the 80s’ in its preoccupation with inflation.
A top economist has labelled small political parties' policies "mad" and a serious risk to New Zealand.
Addressing the Shareholders Association's annual conference at the weekend, NZIER principal economist Shamubeel Eaqub said National and Labour - despite their rhetoric - were largely centrist in their policies.
"What scares me are the policies that we see in the fringes and the fringe parties and they scare me a great deal because a few of them, quite frankly, are quite mad," he said. "So when you vote on the 20th of September, you're not voting for National or Labour, you're trying to keep out the influence of some of those crazy policies."