Monthly Archives: January 2009
Current Fiscal Policy vs. Future Monetary Policy: Price-level Path Targeting
Paul Krugman presents a simple formal model of a liquidity trap. He shows that monetary policy won't work, but fiscal policy can work, to bring the economy to full-employment. Actually, that's not right. What his model shows is that current monetary policy won't work (because the nominal interest rate is at zero); but future monetary […]
We’re number eleven? Really?
Here is how The Palgrave Econolog ranks the top economics blogs as of this writing: Marginal Revolution Paul Krugman Econbrowser Econlog Portfolio.com: Market Movers Economist's View Megan McArdle Macroblog Brad DeLong Dealbook Worthwhile Canadian Initiative Wow. How did that happen?
Gross National Income and house prices and in Canada and in the US
I've been having difficulty finding ways in which we can directly compare the US housing market débâcle with what's going on in Canada, but I've recently been made aware of two new data sources: The Teranet-National Bank Housing Price Index, which appears to be a Canadian equivalent of the celebrated Case-Shiller index: the methodology makes […]
Canadian Economic Forecasts 2009: Make Yours Now!
John Palmer at EclectEcon has made his own forecasts for 2009 . That's an implicit challenge to this blog, and we must not let it go unanswered. So I am now going to follow him down this foolish road, and invite you all to join me.
Worthwhile Canadian Initiative 
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