While those on the left, right and middle worry about the federal deficit, the real world that we live in is in trouble. The fiscal prudes are fretting about the wrong issues.
As state and local governments lure businesses to their shores with financial incentives, a recent study finds that two forms of stimulus spur growth more than others.
There are two key questions regarding Canada’s fiscal sustainability during the pandemic. Can we afford to provide short-term financial support to Canadians? And how quickly will our economy recover?
We’re running out of interest rates to cut to keep the economy from sinking. Before the next recession occurs, we need to come with an effective approach to monetary policy.
Peter Martin, Crawford School of Public Policy, Australian National University
Every one of the 13 economists surveyed by The Conversation thinks more stimulus is needed. None think it should all come from the Reserve Bank. Most think the budget surplus can wait.
In many countries people are now paying more for bonds than they will receive at maturity. These negative interest rates should make it a good time for investment.
When an elected leader turns autocratic, the economy tends to suffer. That’s because, in a functioning democracy, economic policy is made jointly, with lawmakers playing a key role.