Is our biggest worry inflation? No, our biggest worry is a fall in employment, investment and income. Inflation is caused by the economy ‘overheating’. Wage and price inflation arises when economic activity (investment, employment, income) exceeds the capacity of the economy. Put simply, inflation most often arises in conditions of full employment, when incomes are high and rising and when investment in new jobs, speculation and the creation of new assets, surges. Many point to the 1970s...
Read More »The “Thing” with Job Guarantee Programs…
In a February 18th front page article in the business section of the New York Times, Eduardo Porter surveys the potential for a job guarantee program. After starting with the caveat issued by Republican politicians—why trust your life choices to bureaucrats?—the piece goes on to present opinions of various experts on employment programs. It is noteworthy that even among the specialists, not one has ever been involved in actual fieldwork or research in the various experiments with job...
Read More »The “Thing” with Job Guarantee Programs…
In a February 18th front page article in the business section of the New York Times, Eduardo Porter surveys the potential for a job guarantee program. After starting with the caveat issued by Republican politicians—why trust your life choices to bureaucrats?—the piece goes on to present opinions of various experts on employment programs. It is noteworthy that even among the specialists, not one has ever been involved in actual fieldwork or research in the various experiments with job...
Read More »How to strengthen European solidarity?
In 2020, the Covid-19 crisis generated a long-awaited paradigm shift in European economic governance. An unprecedented policy response was provided, together with an entirely new approach to fiscal capacity. The dogma of keeping the EU budget around 1 per cent of the Gross National Income (GNI) and keeping it in balance every year evaporated within a few months.As we look forward to building the Europe of of the next ten years, it is clear that it is not enough to create a new model budget,...
Read More »How to strengthen European solidarity?
In 2020, the Covid-19 crisis generated a long-awaited paradigm shift in European economic governance. An unprecedented policy response was provided, together with an entirely new approach to fiscal capacity. The dogma of keeping the EU budget around 1 per cent of the Gross National Income (GNI) and keeping it in balance every year evaporated within a few months.As we look forward to building the Europe of of the next ten years, it is clear that it is not enough to create a new model budget,...
Read More »How to strengthen European solidarity?
In 2020, the Covid-19 crisis generated a long-awaited paradigm shift in European economic governance. An unprecedented policy response was provided, together with an entirely new approach to fiscal capacity. The dogma of keeping the EU budget around 1 per cent of the Gross National Income (GNI) and keeping it in balance every year evaporated within a few months. As we look forward to building the Europe of of the next ten years, it is clear that it is not enough to create a new model...
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...
Read More »Lifting singles out of poverty in canada
I’ve written a report for the Institute for Research on Public Policy about social assistance—specifically, about social assistance for employable single adults without dependants. A ‘top 10’ 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...
Read More »Social assistance: Do higher benefit levels lead to higher caseloads?
As part of my PhD thesis, I did some statistical analysis in which I asked the question: “Do higher social assistance benefit levels lead to higher caseloads?” I have recently updated the data and had it published in a journal. Here’s a short summary of the journal article’s main findings. 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...
Read More »Social assistance: Do higher benefit levels lead to higher caseloads?
As part of my PhD thesis, I did some statistical analysis in which I asked the question: “Do higher social assistance benefit levels lead to higher caseloads?” I have recently updated the data and had it published in a journal. Here’s a short summary of the journal article’s main findings. 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...
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