Andrew Jackson

Blog
Aug 20, 2011

Outlook darkens as budget debate begins

Andrew Jackson
Both the Governor of the Bank of Canada and the Finance Minister conceded to the House of Commons Finance Committee that the economic outlook is indeed significantly less rosy than they had thought.
Blog
Aug 19, 2011

On balancing the budget

Andrew Jackson
Andrew Watt has written an especially cogent piece on why the balanced budget rule proposed for the Euro area by Merkel and Sarkozy is a very, very bad idea.
Blog
Aug 13, 2011

Market mayhem

Andrew Jackson
The wild swings in the markets this week serve as another reminder of the weakness of linkage between levels and changes in financial asset values and levels and changes in real economic variables.
Blog
Aug 10, 2011

Stimulus vs. public investment

Andrew Jackson
The debate over fiscal policy is often framed in the media as one between advocates of higher deficits from Keynesian-style stimulus measures and advocates of deficits through public sector austerity.
Blog
Aug 8, 2011

The new phase of the financial crisis

Andrew Jackson
We face a new crisis, or at least a stock market correction of major proportions, which may precipitate a new phase of the crisis. How should governments be responding to the panic in the markets?
Blog
Aug 5, 2011

Today's job numbers

Andrew Jackson
A decreasing unemployment rate is not always a sign of a strong labour market. The latest decrease in the unemployment rate is mainly due to Canadians leaving the labour market.
Blog
Aug 4, 2011

Public sector austerity: Why is Canada leading the way?

Andrew Jackson
The major economic problem faced by Canadians is a very slow recovery and weak job market, not government deficits or rising debt. But public spending cuts will make the real problem even worse.
Blog
Jul 27, 2011

The myth of expansionary austerity

Andrew Jackson
As the U.S. and Europe turn from stimulus to fiscal austerity, claims are heard that spending cuts actually stimulate economic growth. However there is rarely any such thing as expansionary austerity.
Blog
Jul 22, 2011

Expanding the Canada Pension Plan

Andrew Jackson
The case for expanding the CPP as a response to the crisis of private pensions continues to win support -- even as the financial industry and small business lobbies continue to fight pension reform.

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