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Articles on Fiscal policy

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Bank of Canada Gov. Tiff Macklem speaks during a news conference at the Bank of Canada on Sept. 10, 2020 in Ottawa. THE CANADIAN PRESS/Adrian Wyld

The throne speech: Fiscal prudes are fretting about the wrong issues

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.
All three levels of government must prioritize reducing Canada’s level of indebtedness. (Pixabay)

Coronavirus: Can Canada fiscally handle ‘black swan’ events?

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?
Reserve Bank governor Philip Lowe (right) says he needs government help to boost the economy. Treasurer Josh Frydenberg is yet to provide it. Dan Himbrechts/AAP

We asked 13 economists how to fix things. All back the RBA governor over the treasurer

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.
This week’s Essential poll showed 56% of voters would prioritise stimulating the Australian economy over getting back to budget surplus. Mick Tsikas/AAP

Politics with Michelle Grattan: Ross Gittins on the government’s ‘surplus obsession’

Ross Gittins on the government’s “surplus obsession” The Conversation, CC BY29.3 MB (download)
As the Australian economy continues to struggle, many argue that stimulus is needed, urging the government to abandon its "surplus obsession".
Venezuelan President Nicolás Maduro created a new cryptocurrency called the ‘Petro’ to combat hyperinflation. Reuters/Carlos Garcia Rawlins

Is authoritarianism bad for the economy? Ask Venezuela – or Hungary or Turkey

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.

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