Monthly Archives: February 2010
Strategy space and monetary policy
Or, "Why central banks should stop talking about interest rates". Game theorists know that a change in the "strategy space" can change the equilibrium of a game. The classic example, now over a century old, is the difference between the Cournot-Nash equilibrium and the Bertrand-Nash equilibrium in oligopoly theory.
Some comments on the Liberal childcare proposals
Michael Ignatieff is honouring the ancient Liberal tradition (it goes back to at least Jean Chrétien's 1993 Red Book) of promising of a national childcare program. Here is an extract from an e-mail I received from an academic whose research touches on this area. (I've added a few footnotes and links for the parts where […]
In which Maclean’s confuses good news with bad
This week's Maclean's has yet another installment in its series of apocalyptic economics cover stories (not yet on line, as far as I can tell updated: now available here). One of the points it makes is that where households in other countries are reducing their debt loads, Canadians are borrowing and spending more. I'm having […]
Worthwhile Canadian Initiative 
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