economic crisis

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?
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 12, 2011

Navigating challenging economic waters

Marc Lee
Down south, the Obama administration is in a dangerous game of chicken with Republican congressional leaders, who are cynically holding the U.S. economy hostage.
Blog
Jul 4, 2011

Rationalizing corporate Canada's cash stash

Erin Weir
Cash hoarding is a critical point in the debate about corporate taxes. If incremental after-tax profits are being deposited, lower corporate tax rates likely just produce higher piles of cash.

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