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Louis-Philippe Rochon has written a provocative blog post for the CBC titled “Top 10 Economic Predictions for 2015.” The post is available here.
Posted by Nick Falvo under Bank of Canada, banks, budgets, Conservative government, consumers, deficits, economic growth, economic models, economic thought, employment, Europe, exchange rates, federal budget, fiscal policy, household debt, housing, inflation, interest rates, monetary policy, oil and gas, prices, Role of government, social indicators, tar sands, US.
January 11th, 2015
Yesterday I blogged about rental housing in Yellowknife, over at the Northern Public Affairs web site.Â Specifically, I blogged about a recent announcement by the city’s largest for-profit landlord that it plans to “tighten” its policies vis-a-vis renting to recipients of “income assistance” (which, in most parts of Canada, is known generically as social assistance).Â […]
Posted by Nick Falvo under aboriginal peoples, Canada's North, competition, Conservative government, corporate profits, employment, Employment Insurance, free markets, homeless, housing, income support, Indigenous people, Northwest Territories, P3s, poverty, prices, privatization, Real Estate, regulation, Role of government, social policy, unemployment.
May 24th, 2014
Jim Stanford recently pointed out that many of the conservative economists who had defended the overvalued loonie have quickly shifted to applauding its depreciation. The Government of Saskatchewan may be making a similar conversion on the road to Damascus. When federal NDP leader Tom Mulcair expressed concern about Dutch disease, premier Brad Wall denied that […]
A letter appears in today’s Globe and Mail in response to recent direction given by Minister Flaherty to private mortgage lenders over mortgage rates.Â The letter was written by Steve Pomeroy, one of Canada’s leading housing policy experts. Here is the full text of the letter: – Glass-house mortgages Twice in recent weeks, the Minister […]
It’s been an unusually hot summer, and soaring temperatures have boosted sales of that quintessential summer food, ice cream. But Baskin-Robbins has decided to shut its production facility in Peterborough, Ont., and lay off 80 workers because of…wait for it… increased demand! From the department of “wait, what?”, here’s the scoop behind this brain-freeze-inducing decision. […]
Last weekend, I spoke on a panel at the Annual Conference of the Ontario Non-Profit Housing Association.Â The panel was inspired in large partÂ by theÂ recent debateÂ inÂ Toronto over Mayor Rob Ford’s attempt to sell social housing units to private buyers.Â The panel,Â entitled “To Privatize or Not to Privatize? That is the question,” includedÂ myself,Â Vince Brescia (PresidentÂ and CEO […]
Posted by Nick Falvo under capitalism, cities, housing, Ontario, P3s, poverty, prices, privatization, public infrastructure, public services, Role of government, social policy, Toronto.
November 5th, 2011
Over at Economy Lab, Stephen Gordon writes: The fundamental problem facing manufacturing firms is that the [industrial] prices have been growing more slowly than consumer prices. CPI inflation has averaged 1.85 per cent a year since 2002, but the Industrial Price Index for all manufactures has only increased at a rate of 1 per cent. […]
Here’s a new take on bringing economic theory to the masses — a rap battle between Keynes and Hayek. What’s amazing about it is the amount of solid (if not plain nerdy) content this video packs into such a short time. It’s fun to watch for sure (very high production values), but you get that […]
Posted by Iglika Ivanova under economic crisis, economic growth, economic literacy, economic thought, fiscal policy, free markets, history of economic thought, industrial policy, inflation, interest rates, investment, labour adjustment, labour market, macroeconomics, media, monetary policy, prices, progressive economic strategies, public sector procurement, recession, Role of government, stimulus, unemployment, wages.
October 12th, 2010
Yesterday afternoon, Alex Usher–who regularly blogs for the Globe and Mail on post-secondary education–blogged about an innovative concept proposed by theÂ (now ousted) Liberal PartyÂ in New Brunswick’s recent provincial election campaign.Â The proposal is for universities to charge students one flat fee for the cost of a degree.Â Usher argues in favour of this move on […]
Many blog readers are no doubt aware that, late last month, the Canadian Centre for Policy Alternatives released a paper by David Macdonald entitled “Canada’s Housing Bubble:Â An Accident Waiting to Happen.” As the title suggests, Macdonald argues: Canada is experiencing, for the first time in the last 30 years, a synchronized housing bubble across […]
Ah plastic. What’s not to love? Convenient? Check. Light in the pocket? Check. Monthly bill summaries? Check. Free short-term credit? Check (provided you pay your bills in full, on time). Benefits (free car rental insurance, points, cash back etc): Check AND… Take from the poor and give to the rich? err… wait a minute. Unfortunately, […]
The Bank of Canada is currently considering, through research, a shift from inflation targeting to price level path targeting. For previous blog commentary and a good critique by Jim see http://www.progressive-economics.ca/2006/12/03/bank-of-canada-inflation-targeting/ The general idea is that if inflation exceeds the target of 2% in any given year, the future price level path should be kept […]
OK, not the “law of one price” you learned in undergrad trade theory. I’m talking about plain old prices at the cashier. It has long bugged me that the price listed on a sales tag is not the same as the money that comes out of our wallets to complete the transaction. Most of the […]
Todayâ€™s Consumer Price Index (CPI) release reveals that inflation has dipped to 2.4% and core inflation has fallen to 1.8%, its lowest level since June 2006. These figures undermine the argument that interest rates should be maintained to slow inflation. As the National Post reports, “A weaker-than-expected rise in the inflation rate for October could […]
The whole idea of the free-market is that the relentless pursuit of self-interest leads people to do greedy things that ultimately benefit all of us. That’s what makes it so humorous to see that appeals to voluntarism have become one of Finance Minister Jim Flaherty’s major policy tools. At least there was a bit of […]
Three weeks ago, I wrote, “Budget 2007 used the federal spending power quite aggressively to pay provincial governments to eliminate their Corporate Capital Taxes. A similar use of the power will be needed if the Conservatives are serious about harmonizing provincial sales taxes with the GST.” The front page of Fridayâ€™s National Post reported, “The […]
Greed, gouging and bad citizenship KEN GEORGETTI Special to Globe and Mail Update October 17, 2007 at 11:34 PM EDT What have Canadians gained from our loonie’s parity with the U.S. greenback? A more valuable currency should make the things we buy from other countries cheaper. But, over the past five years, as the value […]
Leading Canadian economist Richard Lipsey (with co author Swedenboorg) has written quite an interesting paper for the NBER, “Explaining Product Price Differences Across Countries.” http://www.nber.org/papers/w13239 The abstract reads as follows: “A substantial part of international differences in prices of individual products, both goods and services, can be explained by differences in per capita income, wage […]