Monthly Archives: March 2019
Interest Rates and Money Growth; Two Types of Central Bank
I want to imagine two different types of central bank. The first type of central bank cuts nominal interest rates to increase money growth. The second type of central bank raises nominal interest rates to increase money growth. In both cases the increase in money growth causes Aggregate Demand to start growing, and eventually causes […]
Do Chinese Canadians struggle in the labour market?
Update: A revised version of the paper discussed in this blog, with results close to those obtained using the PUMF, is available here. Thanks to Feng Hou for taking my concerns seriously and responding to them promptly.
Breaking up the quarter million dollar club
Ontario eliminated mandatory retirement in 2006. Six years later, professors started to enter the quarter million dollar dollar club. This exclusive group is comprised of university professors aged 71 or older who, due to the curious interaction of federal pension legislation and academic collective agreements, are able to collect a full pension and a full […]
Canada’s Gross Domestic Income and trading gains: An update and estimates for the provinces
This builds off an earlier post about the terms of trade, trading gains, and Gross Domestic Income and it extends the analysis to the provincial level. It's probably a good idea to take a look at it before continuing on.
Hopefully, Tomorrow Won’t Be Yesterday
A short quick post. Yesterday’s job numbers for Canada were greeted with surprise. With 55,900 jobs added in February, the sentiment as best summarized by Doug Porter, Chief Economist with BMO Capital Markets is that: “The economy clearly is not falling off a cliff by any means, arguably quite the opposite”. This is despite what […]
Worthwhile Canadian Initiative 
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