I’ve written a ‘top 10’ overview of the recent federal budget. The link to the post is available here: https://nickfalvo.ca/ten-things-to-know-about-canadas-2021-federal-budget/ Nick Falvo is a Calgary-based research consultant with a PhD in Public Policy. He has academic affiliation at both Carleton University and Case Western Reserve University, and is Section Editor of the Canadian Review of Social Policy/Revue canadienne de politique sociale. You can check out his...
Read More »IPA’s weekly links
Guest post by Jeff Mosenkis of Innovations for Poverty Action. A quick note, my posting frequency has slowed down in 2021, thanks for sticking with it. One reason has been that I’ve been co-authoring another set of links with my brilliant IPA colleagues, Luciana Debenedetti & Rachel Strohm, every other week focused on new research on COVID and social protection (this week’s is here). Among other, I think I also hit what I now realize was a quarantine burnout. If it’s helpful to anybody...
Read More »The politics of vaccine-stretching
When the Pfizer and Moderna vaccines were first approved, it was clear that they were highly effective at preventing covid and that they would be in short supply for months. The clinical trial data also suggested that, at least in the short-run, one dose of the vaccines would provide almost as much protection against covid as the two-dose protocol that was tested and approved by the FDA. This led a number of economists and public health...
Read More »Coronavirus dashboard for March 15: good news, and cause for concern
Coronavirus dashboard for March 15: good news, and cause for concern A year ago today I wrote about the accuracy of Jim Bianco’s forecast of exponential spread of COVID-19. At that time there were exactly 2952 cases, but increasing at 30% each day, and I wrote, “I have not seen any government action significant enough to stop this exponential projection being correct.” As of yesterday, there have been 29,438,775 *confirmed* cases – 9% of the...
Read More »The dismal decade
Earlier today, the Governor of the Bank of England, Andrew Bailey, gave a speech at the Resolution Foundation outlining the nature of the Covid-19 crisis and the challenge that it poses for monetary policy. But as his speech progressed, it became clear that the Bank faces a much larger challenge. Covid-19 hit the UK economy at the end of a dismal decade. Returning to "where we were" before the pandemic won't be good enough. Just how dismal the 2010s were is evident in this chart from Andrew...
Read More »‘The Economic and Political Consequences of the COVID-19 Pandemic’ by S.Mavroudeas – INTERNATIONAL CRITICAL THOUGHT
In the recent issue of INTERNATIONAL CRITICAL THOUGHT it is included an article authored by me and titled ‘The economic and political consequences of the COVID-19 pandemic’. It can be assesed, downloaded (and even listened to through the LISTEN button) via the following link: https://www.tandfonline.com/doi/full/10.1080/21598282.2020.1866235 Research Article The Economic and Political Consequences of the COVID-19 Pandemic Stavros Mavroudeas Received 11 Jun 2020, Accepted...
Read More »IPA’s weekly links
The latest I’ve seen on the Uganda election is that ballot counting continues, I thought I saw police had disrupted counting at at least one location, and opposition candidate, singer Bobi Wine says the military has stationed themselves in and around his home without explanation. My boss, Annie Duflo, is profiled in the Wall Street Journal this weekend. Charles Kenny has a new paper and blog post out arguing aid would help the most people if it prioritized the poorest places first. He also...
Read More »Why “Output Gap” Is Inadequate
by Lekha Chakraborty and Amandeep Kaur[1] The macroeconomic uncertainty during the Covid-19 pandemic is hard to measure. Economists and policymakers use the “output gap” variable to capture “slack.” It is a deviation between potential output and actual output, which is a standard representation of a “cycle.” The potential output is an unobserved variable. There is an increasing concern about the way we measure potential output—decomposing the output into trends and cycles. This is...
Read More »Why “Output Gap” Is Inadequate
by Lekha Chakraborty and Amandeep Kaur[1] The macroeconomic uncertainty during the Covid-19 pandemic is hard to measure. Economists and policymakers use the “output gap” variable to capture “slack.” It is a deviation between potential output and actual output, which is a standard representation of a “cycle.” The potential output is an unobserved variable. There is an increasing concern about the way we measure potential output—decomposing the output into trends and cycles. This is...
Read More »the recession’s likely long-term impact on homelessness
I’ve just written a report for Employment and Social Development Canada on the current recession’s likely long-term impact on homelessness in Canada. An overview of the report can be found here. Nick Falvo is a Calgary-based research consultant with a PhD in Public Policy. He has academic affiliation at both Carleton University and Case Western Reserve University, and is Section Editor of the Canadian Review of Social Policy/Revue canadienne de politique sociale. You can...
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