Warning: The following post probably does not belong on an economics blog. Yesterday, CBC reported that Liberals and New Democrats are negotiating a possible merger of the two parties into one. It seems like everyone except Warren Kinsella has denied this report. So, how does CBC respond? It doubles down on its original report by making Kinsella the lead item […]
Read moreThrough a series of speeches and Financial Post op-eds, former cabinet minister Maxime Bernier has been setting out an uncompromising right-wing agenda. He had Andrew Coyne applauding his proposal to freeze public spending. He had Stephen Gordon tweeting in support of his proposal to eliminate corporate taxes. But his latest proposal has already been rebuked by Gordon and is unlikely to […]
Read moreAmong TV financial pundits, I enjoy watching James Altucher. I have particularly appreciated his advocacy of no-nonsense quantitative easing by the European Central Bank, as opposed to the half measures unveiled so far. (My viewership has not been systematic enough to form an opinion of his stock tips.) I was recently pleased to discover that he is also a prolific […]
Read moreIn line with a major shift in thinking at the OECD and the IMF on the most appropriate timing for “exit strategies” from fiscal stimulus, the G20 finance ministers dropped the usual call for continued stimulus through 2010 from their June 5 communique, and highlighted the need for more or less immediate fiscal consolidation. God knows what lies in store […]
Read moreThe Austrian School is a venerable tradition in economics, albeit one antithetical to this blog’s perspective. But it became apparent this morning that we should instead have been studying Hungarian economics. As far as I can tell, a vice-chairman of Hungary’s right-wing governing party (not a government official) made some loose remarks about public finances being so bad that the […]
Read moreThis morning’s Labour Force Survey might be described as showing a consolidation of the recent employment recovery. The number of new jobs was modest in May compared to April. However, there was a significant conversion of part-time employment into full-time employment and of self-employment into paid positions. Both trends are positive for Canadian workers. There were 67,300 more full-time jobs, […]
Read moreAn hilarious aspect of various inter-provincial “free trade†deals is how proponents struggle to identify the barriers they hope to remove. While there are essentially no “trade barriers†between provinces, concerns about labour mobility have a whiff of substance. This morning, the C. D. Howe Institute released a paper by Robert Knox on “Barriers to Labour Mobility in Canada.†The […]
Read moreI just had a telling experience with the CBC in Vancouver. Their show “On the Coast†was doing a piece on the discriminatory experience of a young women who applied for a job at Joey Restaurants. She went through their training period (which consisted largely of tips about how to dress and apply makeup), but at the end of the […]
Read moreThe Canadian Council for International Cooperation (CCIC) – the leading national voice of civil society international development and anti poverty organizations – appear to have lost the two-thirds of their funding which came from CIDA. This is yet another example of the Harper government refusing to fund independent research and advocacy. Over the last while, we have seen the effective […]
Read moreThanks to Marc Lavoie and Mario Seccareccia, from the University of Ottawa, who oversaw and judged our essay contest for 2010. And also thanks to the entrants to this year’s competition, as Marc and Mario reported a record number of entries and a very high quality of writing. Here are the winners: Undergraduate Winner ($500 Prize): Rob Konkel, University of […]
Read moreI am highly recommending Nancy Folbre’s new book, Greed, Lust & Gender: A History of Economic Ideas. It has a slightly racy title (at least for an economics book) and my initial reaction was that the ‘lust’ focus was a bit forced and seemed to be pandering to the need to sell. Greed and gender are associated easily with economic […]
Read moreFurther to my recent post on the last Monetary Policy Report http://www.progressive-economics.ca/2010/05/11/the-bank-of-canada-and-the-recovery/ I cannot claim to be surprised that the the Bank of Canada has decided to begin to raise interest rates, albeit by an initial quarter point from extraordinarily low levels. They are also returning to normal overnight money market operations which will tighten credit to a degree. I […]
Read moreThis morning, the Bank of Canada raised its interest-rate target from 0.25% to 0.5%. Yesterday’s robust GDP numbers had the overwhelming majority of economic pundits arguing that it should and would do so. But just one week ago, when the stock market was plummeting due to the Euro crisis, most commentators and headlines suggested that the Bank of Canada might […]
Read moreA guest post from PEF Steering Committee Marc Lavoie of the University of Ottawa: Tax the very rich and solve the PBO problem Among the dozen or so sessions I attended at the meeting of the Canadian Economics Association last week-end in Quebec City, one was devoted to the forthcoming fiscal crisis and another to income inequality. Kevin Page, the […]
Read moreFurther to my earlier post on the IRPP pensions conference http://www.progressive-economics.ca/2010/05/12/still-more-on-the-pensions-debate/#comments an excellent (albeit highly complex) power point presentation by Michael Wolfson has recently been posted. It can be found in two parts on the IRPP web site at http://www.irpp.org/indexe.htm Wolfson, who now teaches at the University of Ottawa, recently retired from the position of Assistant Chief Statistician at Statistics […]
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