The IMF’s latest delivery of the World Economic outlook contains an interesting analysis of the current “non” recovery in terms of a divergence between fiscal and monetary policy, the first between restrictive and procyclical in nature and the second being accommodating and reinforcing a financial expansion. As argued here by
Continue readingAuthor: Eric Pineault
The Progressive Economics Forum: Austerity can be fought !
Asked by an anglophone journalist what the Québec students struggle means for the ROC, this is what I had to say. http://cutvmontreal.ca/videos/1102 I’m was among a varied group of people who published a declaration tuesday, on May day, in support of the student movement. One of the main themes of
Continue readingThe Progressive Economics Forum: Corporate canada’s financial investments: an aggregate view
Today’s release by the CLC of a study on corporate Canada’s balance sheets, shows not only a trend in declining real investment but also a rising involvement in financial markets. Non financial corporations are not only hoarding cash they are also using cash flow to buy up positions in financial
Continue readingThe Progressive Economics Forum: Wageless recovery and the politics of austerity
The UNTCAD just published its annual report on Trade and Development, titled Post-crisis Policy Challenges in the World Economy. The report describes a two speed global recovery, showing how developing economies have come out of the crisis stronger then their developed European and American counterparts. There the author invokes the contradictory forces at work in […]
Continue readingThe Progressive Economics Forum: Still Progressive and family friendly: evaluating Québec’s income tax policy
University of Sherbrooke economist and fiscal specialist Luc Godbout with Suzie St-Cerny and Michaël Robert-Angers has just published a timely research paper evaluating the net fiscal impact on households of Québec’s income tax system.Timely because, as discussed here be Armine Yalnizyan recent data from stats can shows that though globally income inequality has risen during […]
Continue readingThe Progressive Economics Forum: A progressive paradox for Québec and Canada
The mood in the progressive milieu here in Québec seems rather grim this morning. In Québec history we call the twenty year period when anti-union, right wing populist Duplessis ruled, the “Era of the Great Darkness”, and many by email or on social media have spontaneously referred to the upcoming period in an analogous way. […]
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