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Progressive Economics Forum

Ten things to know about the 2023-24 Alberta budget

On 28 February 2023, the Danielle Smith government tabled Alberta’s 2023-2024 budget. Projecting a $2.4 billion surplus for the coming fiscal year, the budget announced some spending increases; but many are effectively cuts when one accounts for both inflation and population growth. Here are 10 things to know: The budget itself contains projections pertaining to inflation and population change. In the upcoming fiscal year, the budget projects 3.3% inflation (using...

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Emergency facilities for people experiencing homelessness

I’m writing an open access textbook on homelessness. Chapter 4 has just been published. A ‘top 10’ overview of the chapter can be found here:https://nickfalvo.ca/emergency-facilities/ The full chapter is available here:https://nickfalvo.ca/wp-content/uploads/2023/02/Falvo-Chapter-4-Emergency-Facilities-30jan2023.pdf And all material related to the book can be found here:https://nickfalvo.ca/book/

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Is the Economy “Running Hot”? Or Cold, and Getting Colder?

The Bank of Canada is widely expected to increase its policy interest rate again this week, for the eighth time in the last 10 months. Media and financial market commentary on its decision has made numerous throwaway references to how Canada’s economy is still “running hot,” and that i why a rate hike is needed. This common claim is surprising, and not consistent with economic evidence. Canada’s economy is not “running hot” by any concrete measure. Here are six: 1. Final domestic...

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Yes, Virginia, Supermarket Profits HAVE Expanded

Supermarket executives were up on Parliament Hill this week, appearing before the Standing Committee on Agriculture and Agri-Food’s inquiry into food inflation grocery chain profits. They repeated the now-familiar argument that supermarkets have not caused food inflation, they have merely passed along higher input costs to their customers; their profit margins have been stable, it is claimed. Don’t believe them. Here are a few data points on the argument that the chains haven’t...

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The co-op difference: Comparing co-op and market rents in five Canadian cities

The Co-operative Housing Federation of Canada has just released a study comparing rents in co-op housing units to rents of similar private-sector market units in Victoria, Vancouver, Edmonton, Toronto and Ottawa for the period 2006–2021. I played a small role in writing the report. A ‘top 10’ overview of the report can be found here: https://nickfalvo.ca/the-co-op-difference-comparing-co-op-and-market-rents-in-five-canadian-cities/ A French version of the ‘top 10’...

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Rough sleeping and encampments

I’ve just released Chapter 3 of my open access e-textbook on homelessness. This chapter focuses on rough sleeping and encampments. A summary of the chapter can be found here (in English): https://nickfalvo.ca/rough-sleeping-and-encampments/ A French version of the summary can be found here: https://nickfalvo.ca/dormir-a-la-dure-et-les-campements/ The full chapter can be found here:...

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Theory and homelessness

I’m writing an open access e-textbook on homelessness. Chapter 2, focused on theory, has just been published. The full chapter is available here: https://nickfalvo.ca/wp-content/uploads/2022/09/Falvo-Chapter-2-Theory-and-homelessness-19aug2022.pdf A ‘top 10’ overview of the chapter can be found here: https://nickfalvo.ca/theory-and-homelessness%ef%bf%bc/ A French version of the ‘top 10’ overview can be found here: https://nickfalvo.ca/theorie-et-itinerance/...

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PEF AT THE CEA 2022

Once again , PEF will be at the Canadian Economics Association (CEA) annual conference!We now have the official schedule for the 2022 CEA meetings to be held at Carleton University, Ottawa. The conference will be on-line Tuesday, May 31 and in-person Friday, June 3 and Saturday, June 4.Please note that in addition to the sessions below, the PEF annual general meeting (AGM) is on Saturday June 4 from 2 pm to 3:30 pm.. PEF sessions are below. The full CEA program is available at:...

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