ROCHON: Greece, Syriza and the Euro
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…
monetary policy
ROCHON: Harper in closet over the economy as Canada heads toward another recession
This guest blog post has been written by Louis-Philippe Rochon. You can follow him on Twitter @Lprochon – Harper’s recent incarnation as an anti-terrorist crusader has caught many Canadians by…
Rochon Asks: “Is the Canadian economy unraveling?”
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.
Seccareccia on Greece, Austerity and the Eurozone
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.…
Rochon on the Bank of Canada’s Decision to Lower the Rate of Interest
Louis-Philippe Rochon—who now blogs for CBC—argues that almost nobody had been expecting the Bank of Canada’s recent decision to lower the rate of interest. His post can be found here.…
Banks and Balanced Budgets
The Bank of Canada surprised most analysts this week when it decided to cut rates by 25 basis points. The move comes after the price of oil has tumbled below…
Low Oil Prices, Good or Bad for Canada?
Unless you’ve been hiding under a rock somewhere, you’re probably well aware that the price of oil has fallen dramatically, to less than $50 / barrel. What this means for…
Louis-Philippe Rochon’s Top 10 Economic Predictions for 2015
Louis-Philippe Rochon has written a provocative blog post for the CBC titled “Top 10 Economic Predictions for 2015.” The post is available here.
Bank of Canada, Exports, and LMI
Much has been made about Stephen Poloz’s decision to abandon ‘forward guidance’ in Bank of Canada rate setting announcements for the time being. Critics bemoan the loss of direction from…
Problematic sources of recent real wage growth
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…
Myths of central banking
The Bank of Canada has been in the news lately – or, more precisely, the news has been full of other well-placed people telling our central bankers what to do.…
Secular Stagnation
I have written a couple of pieces for Economy Lab in the Globe and Mail recently on the issue of secular stagnation. (Links below) The term was coined by the…
A Trillion Dollar Coin for Canada?
Arun here…breaking radio silence to share with you a thought-provoking piece by Larry Kazdan, a graduate of York University in sociology and history, and currently a Council Member with the…
Sunday Afternoon Links
Assorted content for your Sunday reading. – Alex Pareene muses that Lawrence Summers would be an entirely worthy nominee to oversee U.S. monetary policy – for a very specific set…
Rebutting Raganomics
Today, I had the following commentary posted on The Globe and Mail’s Economy Lab: The loonie is overvalued and the Bank of Canada has room to act On Tuesday, Christopher…
Inflation Collapse Confounds Monetary Hawks
Statistics Canada reported today that inflation collapsed to just 0.4% in April. The Bank of Canada’s core inflation rate, which excludes volatile items, fell to 1.1%. Continued low inflation does…
Polozogistics: Nine Thoughts About the Choice of the New Bank of Canada Governor
1. He’s Number Two: Stephen Poloz was widely acknowledged in economic and political circles as the second-best choice for the top job at the Bank of Canada. So the surprise…
Breaking The Taboo on Monetizing Deficits
In a very long and fascinating speech which has been amplified by Martin Wolf in the FT, Lord Adair Turner seeks to break the taboo on discussion of the potential…
What Does the Bank of Canada Do?
The Board of Directors of the Bank of Canada have retained Odgers Berndtson to seek a new Governor, and have placed an ad in the Globe and Mail, the Economist…
Mark Carney’s tenure and the state of monetary policy
Mark Carney’s tenure as Governor of the Bank of Canada overlaps some challenging economy history. Appointed in early 2008 just as the US housing bubble was popping, Carney took the…