Category Canadian economy
Why I’m Not Worried About Italy’s Economy
With all the doom and gloom about Europe’s economy and the debt crisis, some recent statistics from the Italian Central Bank caused me to reflect that despite its problems, the Italian economy is more robust than one might think because of its strong performance when it comes to private wealth.
Why is CPP funded, but OAS is Pay As You Go?
(Non-Canadians: this post is for you too, even if you don't know what CPP and OAS mean. They are both pensions for old people. There is only one relevant difference between CPP and OAS, and I discuss it below.) My (very amateurish and random) reading of stuff related to my previous post on Old Age […]
When D-Day Comes, Then What?
On Wednesday, we shall see the unveiling of Don Drummond’s recommendations for the repairing of Ontario’s finances. Quite frankly, I was a little surprised that Drummond Day was not set for February 14th and advertised as a set of tough love policies to highlight the uncompromising bond between Ontario’s leaders and its people but I […]
The PBO Report on sustainability of benefits to the elderly
The Parliamentary Budget Office has released a Report (pdf) on the fiscal sustainability of benefits to the elderly. This is not my area. I don't have a lot to say on the subject. I want to say a couple of things.
Stein’s Law and Canadian Health Spending
Health economist Uwe Reinhardt in a recent Economix Blog posting noted the recent rates of U.S. health spending growth for 2009 and 2010 reported by the Centers for Medicare and Medicaid Services were marked as the lowest rate in the 51-year history of the National Health Expenditure Accounts. Indeed, the growth rate for 2009 was […]
The Balance of the Federation
The Canadian Federation is an institutional arrangement whereby the constituent units are able to both cooperate and compete with jurisdictions that are both separate and coordinate. The debate over the respective roles of the federal and provincial governments has taken various forms over time with views that emphasize the centrality of the federal government along […]
The politics of NGDPLP targeting, redux
Back in November 2011, there was a part of the world that I didn't understand. The politics of monetary policy didn't make sense to me. Now the world is starting to make more sense. It's not that my understanding has changed. It's the world that has begun to change. Specifically, John Quiggin has come out […]
A Long Term Employment Picture – Go West for Opportunity
Stephen Gordon’s posts on the recent employment performance in Quebec gave me cause to get the numbers on employment growth over the long term on a provincial basis. I obtained the seasonally adjusted Statistics Canada employment numbers and used them to construct average annual growth rates in employment by province for three periods: 2001-2011, 1991-2000 […]
Quebec employment watch: le mystère persiste
The hunt for data that are consistent with the sharp drop in employment reported by the Labour Force Survey in November and December ([1],[2]) continues. Today's release of initial Employment Insurance claims for November don't look like what we'd see in an economy that was seeing a sharp jump in unemployment:
The Gambling Economy: A Zero Sum Game?
Two stories in the Toronto Star this week have left me wondering if there is a new grand strategy at work for transforming Ontario’s economy in the wake of its manufacturing decline.
Worthwhile Canadian Initiative 
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