• Central Banks Facing Credibility Trap

    Central Banks Facing Credibility Trap

    • April 27, 2016

    When the Governor of the Bank of Canada, Stephen Poloz, insisted in New York this week, “the idea that monetary policy just isn’t working any more [is] one myth I’d like to dispel right off the top,” he was right — to a point. Yes, exceptionally low interest rates and other unconventional monetary policies are

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  • West Politicizes IMF to Support Ukraine

    West Politicizes IMF to Support Ukraine

    • December 10, 2015

    By Paul Robinson Power is shifting worldwide. As previously less developed economies grow at a faster rate than those of the West, Western states are becoming relatively less powerful. It is in the West’s interest, therefore, to use the years of financial, political, and military dominance which remain to it, to embed other rising powers

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  • Rebuilding the Middle Class: The Liberals Have a Chance to Rectify their Past Economic Mistakes

    Rebuilding the Middle Class: The Liberals Have a Chance to Rectify their Past Economic Mistakes

    • November 5, 2015

    By Jacqueline Best After a decade under a Conservative leadership that actively undermined the government’s capacity to conduct research, Canadians have elected a government that has promised to base its policies on evidence. Yet, if the new Liberal government wants to pay attention to the evidence, it will have to recognize that it cannot lay

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  • Canada Would Be Foolish Not to Join the TPP

    Canada Would Be Foolish Not to Join the TPP

    • October 1, 2015

    A few days ago, cows and their owners were marching in front of Parliament in Ottawa. They were protesting against the Trans-Pacific Partnership (TPP), which, they argued, would cause the demise of the dairy industry’s supply management regime. Last week, it was Unifor’s (the largest private sector union in Canada) turn to manifest its concerns

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  • D-Day for Greece is Coming Fast

    • June 12, 2015

    For months, the Greek government (run by the neophyte left-wing Syriza party), its euro-area partners, and the International Monetary Fund (IMF) have been engaged in negotiations about payment of the last tranche of an existing bail-out program. In exchange for receiving 7.2 billion euros in bail-out money, the Greek government has to credibly commit to

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  • Canada Needs to Do a Better Job of Managing Financial Uncertainty

    • June 5, 2015

    Published in the Hill Times, May 25, 2015 As Canadians, we pride ourselves on how well our financial regulations coped with the 2008 financial crisis. Given this attitude, it’s not surprising that Canadian policymakers have avoided a major overhaul to our regulations in response. Yet we need to make sure that this pride in our

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