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Here is an extract from my column on balanced budgets in the Globe ROB today. â€œWhen it comes to balancing the books, the Harper government is seemingly more Catholic than the Pope. Even the International Monetary Fund (IMF), hardly big fans of high government spending, argue in their latest Country Report released in January that […]
I have a new case study (full pdf;Â summary article from the publishers) outÂ as part of the Economists for Equity and Environment‘s Future Economy Initiative. I look at the City of Vancouver’s Neighbourhood Energy Utility (NEU), a low-carbon district energyÂ system that hits a sweet spot of clean energy, local control, and stable prices at competitive rates. […]
LOUIS-PHILIPPE ROCHON Associate Professor, Laurentian University Co-editor, Review of Keynesian Economics Follow him on Twitter @Lprochon ________________________ As I have said before (see here) and will say again: any solution to Greekâ€™s tragedy, which involves keeping the Euro as a currency is a second-best solution, unless the appropriate institutional changes are adopted. Anything short of […]
There is some discussion in Nova Scotia about the possibility of the government introducing a carbon tax in the next budget. In this blog post I will introduce the context within which these discussions are taking place, and make reference to other blog posts in this forum that provide insights into how the province might […]
2015 marks the sixth year of BC’s recovery from the recession. But it’s been a slow and largely jobless recovery in BC. 1. BC needs 93,000 more jobs to return to our pre-recession employment rate (the proportion of working age British Columbians who have jobs). Only 71.2% of working age British Columbians have jobs today.Â This […]
The banner headline across the top of the front page of the national Globe and Mail edition caught my eye Saturday morning: “How B.C. became a ‘have’ province.”Â Wow, I thought to myself, that is quite something (and without a single LNG plant yet visible on the horizon!).Â So I prepared to sit down with […]
Posted earlier as an opinion piece for CBC.Â See original post here (this post slightly modified from original) By Louis-Philippe Rochon Follow him on Twitter @Lprochon Much was at stake earlier this week when finance ministers fromÂ G20Â countries met in Istanbul to discuss Greece and the state of the world economy in light of recent […]
Posted by Louis-Philippe Rochon under Austerity, Conservative government, deficits, economic crisis, economic growth, federal budget, Federal elections 2015, financial crisis, fiscal policy, G-20, heterodox economics.
February 15th, 2015
The job market is changing rapidly. While most workers of our parents’Â generation could have reasonably expected to spend their entire working careers in permanent full-time jobs with one or two employers, today many rely on contract work or freelancing, and even regular full-time employees change jobs frequently. There are pros and cons to this shift, […]
This is a guest blog post from Louis-Philippe Rochon. Follow him on Twitter @Lprochon. — What a tumultuous few weeks we witnessed in Greece. Though the victory of Syriza was ill-received in particular in Germany and the European Central Bank, it was nonetheless a resounding victory for democracy. This victory may now spill into other […]
Posted by Nick Falvo under Austerity, debt, democracy, economic crisis, economic growth, Europe, exchange rates, Greece, monetary policy, progressive economic strategies.
February 10th, 2015
Jason Kenney has been promoted to Minister of National Defence, andÂ Pierre Poilievre has been tapped to replace him at Employment and Social Development Canada. Sigh. It seems like such a short time ago that I railed against Jason Kenney’s first tweet as Minister of ESDC. At least Kenney’s tweet had something to do with employment […]
As usual, the monthly Labour Force Survey numbers headline seems to tell a different story than the underlying numbers. According to the LFS, Canada added 35,000 jobs in January. A statistically significant number of jobs, hurray! But wait. Those were all part time jobs. We lost 10,000 full time jobs, and added 47,000 part-time jobs. […]
This guest blog post has been written by Louis-Philippe Rochon. You can follow him on Twitter @Lprochon – Harperâ€™s recent incarnation as an anti-terrorist crusader has caught many Canadians by surprise. Harper is spending considerable political energy beating the drums of war against terrorists, and introducing a far-reaching, and much condemned, bill aimed at restricting […]
Posted by Nick Falvo under Bank of Canada, banks, China, Conservative government, economic crisis, economic growth, employment, exchange rates, financial markets, GDP, global crisis, interest rates, international trade, labour market, macroeconomics, manufacturing, monetary policy, recession, Role of government, unemployment, US.
February 6th, 2015
In a recent CBC blog post, Louis-Philippe Rochon assesses the current state of the Canadian economy. The link to the blog post is here. Follow him on Twitter @Lprochon.
Posted by Nick Falvo under Bank of Canada, budgets, China, Conservative government, deficits, economic crisis, economic growth, employment, exchange rates, federal budget, fiscal policy, global crisis, household debt, IMF, interest rates, labour market, macroeconomics, manufacturing, monetary policy, recession, stimulus, unemployment.
February 5th, 2015
Over at the blog of the Institute for New Economic Thinking, Ottawa U professor Mario Seccareccia has given an interview titled “Greece Shows the Limits of Austerity in the Eurozone.Â What Now?” The interview can be read here.
Posted by Nick Falvo under banks, budgets, capitalism, debt, deficits, deflation, democracy, economic crisis, economic history, Europe, exchange rates, financial crisis, Greece, IMF, inflation, monetary policy, recession, taxation, unemployment, wages.
February 5th, 2015
On Monday I gave a guest presentation to Craig Jones‘ graduate seminar class in Carleton University’s School of Social Work.Â My presentation sought to answer two questions: 1. Why should government play a role in creating affordable housing? 2. Which level of government is responsible? With those questions as a backdrop, here are 10 things […]