Monthly Archives: February 2018
The Balance of the Federation: Canada 1870 to 2016
My contribution to Maclean’s 2018 Chartapalooza was a plot of the federal government’s share of total government expenditure in Canada since 1870. The chart showed that until World War I, with the exception of period marked by the building of the federally subsidized CPR, the federal share of total government spending in Canada was approximately […]
Price Level Targeting targets the Stickiest Prices; Inflation Targeting targets the more Flexible Prices
And it's good to target the stickiest prices; and bad to target the more flexible prices. It means that recessions under inflation targeting can last as long as it takes for the stickiest prices to change. Which is bad. And it's especially bad for us old macroeconomists, who remember that the whole point of New […]
The best and worst paid names on the Ontario sunshine list
The Ontario government publishes an annual "Sunshine List". This is a dataset containing detailed salary information on every Ontario government employee earning over $100,000 per year. The list includes the salaries of public servants, also salaries of people who work in Ontario universities, hospitals, and other government agencies. A couple of conversations I had earlier […]
Worthwhile Canadian Initiative 
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