Rebuilding the Canadian economy in the post-Covid era Jack Mintz takes on the Keynesians • Last week the newly appointed UK Prime Minister had to pivot. Her proposed tax cuts sent the UK economy into a tailspin. Yet, Canada’s PBO says tax cuts are the way to go. • In 2021 the Bank of Canada had to pivot, like most central banks. But its emphatic, its not going to pivot again. Not until the policy rate is higher than the inflation rate. • Former Governor David Dodge says we should expect hi...
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Rebuilding the Canadian economy in the post-Covid era Jack Mintz takes on the Keynesians • Last week the newly appointed UK Prime Minister had to pivot. Her proposed tax cuts sent the UK economy into a tailspin. Yet, Canada’s PBO says tax cuts are the way to go. • In 2021 the Bank of Canada had to pivot, like most central banks. But its emphatic, its not going to pivot again. Not until the policy rate is higher than the inflation rate. • Former Governor David Dodge says we should expect hi...
Government Analytics - The Monthly with host Peter Kent and guest Chris Ragan
The Monthly
53 minutes
3 years ago
Government Analytics - The Monthly with host Peter Kent and guest Chris Ragan
Rebuilding the Canadian economy in the post-Covid era Will the central banks be able to withstand the heat? · At the recent Jackson Hole economic policy symposium Jerome Powell, the head of the US central bank, spent 8-minutes making it abundantly clear he’s going to get inflation under control. A speech that cost some of America’s richest citizens, almost $10 billion a minute as the S&P 500 index dropped 6.5 percent. ·  ...
The Monthly
Rebuilding the Canadian economy in the post-Covid era Jack Mintz takes on the Keynesians • Last week the newly appointed UK Prime Minister had to pivot. Her proposed tax cuts sent the UK economy into a tailspin. Yet, Canada’s PBO says tax cuts are the way to go. • In 2021 the Bank of Canada had to pivot, like most central banks. But its emphatic, its not going to pivot again. Not until the policy rate is higher than the inflation rate. • Former Governor David Dodge says we should expect hi...