economic crisis

Blog
Aug 29, 2011

Hurricane Trichet hits Jackson Hole

Erin Weir
European Central Bank president Jean-Claude Trichet does not seem to get it. Far from acknowledging that last month's interest-rate hike was premature, he touts "price stability."
Blog
Aug 25, 2011

The macro-economics of financing employment insurance

Andrew Jackson
The federal government has launched consultations on EI premium setting. This provides the opportunity to shift from an ad hoc system to one that is more fair to workers and economically rational.
Blog
Aug 24, 2011

Recession ahead?

Andrew Jackson
TD Economics released a rather gloomy report, putting the odds of a U.S. recession at 40 per cent, and arguing that the Canadian economy is more vulnerable to recession than it was in 2008.
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

Modern Monetary Theory: What it means for Canada

Keith Newman
While Modern Monetary Theory deals with the details of monetary and fiscal matters, the implications of its analysis are much broader, especially in current political times.
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 11, 2011

Thoughts on 'Why not print money?'

Marc Lee
Once we start talking about "printing money," the danger is that misunderstandings about what money is get amplified. It is the belief that a colourful piece of paper has a certain value that matters.
Blog
Aug 9, 2011

About those 'unfunded liabilities'

Marc Lee
When it comes to the Canada Pension Plan, a major talking point from the right is that the CPP has "unfunded liabilities," with the implication that it is financially unsustainable. This is nonsense.
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?

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