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The Progressive Economics Forum

Great Divergence or Financialized recovery ?

The IMF’s latest delivery of the World Economic outlook contains an interesting analysis of the current “non” recovery in terms of a divergence between fiscal and monetary policy, the first between restrictive and procyclical in nature and the second being accommodating and reinforcing a financial expansion. As argued here by the IMF economists who worked […]

Posted by Eric Pineault under Austerity, global crisis, recession, stimulus.
April 22nd, 2013
Comments: 6

Austerity can be fought !

Asked by an anglophone journalist what the Québec students struggle means for the ROC, this is what I had to say. http://cutvmontreal.ca/videos/1102 I’m was among a varied group of people who published a declaration tuesday, on May day, in support of the student movement. One of the main themes of our message was to link […]

Posted by Eric Pineault under progressive economic strategies, Quebec, socialism, student movement, user fees.
May 3rd, 2012
Comments: 2

Wageless recovery and the politics of austerity

The UNTCAD just published its annual report on Trade and Development, titled Post-crisis Policy Challenges in the World Economy. The report describes a two speed global recovery, showing how developing economies have come out of the crisis stronger then their developed European and American counterparts. There the author invokes the contradictory forces at work in […]

Posted by Eric Pineault under exchange rates, financial regulation, fiscal policy, progressive economic strategies, Uncategorized.
September 6th, 2011
Comments: 4

Still Progressive and family friendly: evaluating Québec’s income tax policy

University of Sherbrooke economist and fiscal specialist Luc Godbout with Suzie St-Cerny and Michaël Robert-Angers has just published a timely research paper evaluating the net fiscal impact on households of Québec’s income tax system.Timely because, as discussed here be Armine Yalnizyan recent data from stats can shows that though globally income inequality has risen during […]

Posted by Eric Pineault under fiscal policy, income tax, Quebec, taxation.
June 18th, 2011
Comments: 1

A progressive paradox for Québec and Canada

The mood in the progressive milieu here in Québec seems rather grim this morning. In Québec history we call the twenty year period when anti-union, right wing populist Duplessis ruled, the “Era of the Great Darkness”, and many by email or on social media have spontaneously referred to the upcoming period in an analogous way. […]

Posted by Eric Pineault under Conservative government, election 2011, federalism, NDP, Quebec.
May 3rd, 2011
Comments: 18

The Caisse and the mysterious life of market makers

The political crisis around the Caisse’s dismal performance continues to haunt the political scene in Québec. Urged to explain how up to 40 billion dollars might have been lost during his management Caisse ex-director Henri Paul Rousseau largely blamed the economic and financial crisis, factors beyond his control. Asked why and how the Caisse ended […]

Posted by Eric Pineault under asset backed commercial paper, pensions.
March 9th, 2009
Comments: none

Vanier Institute’s report on family finances 2009

has just been published and is avalaible here. It largely confirms research conducted by PEF members on household wealth, indebtedness and income.  The report highlights the state of financial precarity of many households, the gap between income and spending, the growing debtload and the important impact the “recession” (if we still want to call it […]

Posted by Eric Pineault under consumers, economic crisis, household debt, recession, wages.
January 22nd, 2009
Comments: none