Monetary Policy – The Progressive Economics Forum

Is another recession on its way?

May 30, 2015 Louis-Philippe Rochon One comment

Is another recession on its way? Louis-Philippe Rochon Associate Professor, Laurentian University Co-editor, Review of Keynesian Economics Canadaâ€™s economy shrank in the first quarter by a whopping 0.6%. Is this the beginning of a new recession? Recessions of course are defined as two consecutive quarters of negative growth. Now we learn today that Canadaâ€™s economy shrank between January and […]

Problematic sources of recent real wage growth

January 21, 2014 Michal Rozworski 8 comments

The past 18 months have seen real wages increase in Canada. (Yes, I double-checked.) Indeed, real wages have gone through two distinct phases of growth since the financial crisis hit the global economy in 2007. This may be surprising as we have been accustomed to hearing about the stagnation of real wages and the â€œdecouplingâ€ of wages from productivity gains […]