Labour and the Greens tag team Government on monetary policy

The Government is being tag teamed by Labour and the Greens on monetary policy.

The Greens are calling new measures to bring the dollar down.

The Greens are suggesting more money be printed via the Reserve Bank purchasing earthquake recovery bonds to pay for the Christchurch rebuild, a measure the Prime Minister and Cabinet Minister Steven Joyce reject as wacky economics

Labour Party Finance spokesman David Parker says Mr Joyce is refusing to face up to the problem.

"Steven Joyce substitutes insults for analysis."

Mr Parker says the Minister is being far too relaxed about the crippling effects of our overvalued dollar and the fact it is hurting business and costing jobs.

However Labour is giving no explicit support to the Green Party's idea around QE.

Labour's Finance spokesman David Parker isn't committing his party's support to the idea.

He says the Reserve Bank does need more tools so it can focus on more than just inflation.

"Then what the Reserve Bank does to address that whether they use lower interest rates or some other instrument, it's for them, it's not for the Green Party or others to say what the answer should be."

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