Tag Archives: fiscal policy

Earlier this month (August 11, 2017), Eurostat published the latest European Union data for – Young people in the EU: education and employment. This data now allows us to track the fortunes of three age cohorts – 15-19, 20-24 and 25-29 years since before the crisis to the end of 2016. So a teenager prior to the crisis (2007) would be transiting into the 25-29 years cohort in 2016. One of the disturbing trends shown in the data is the increasing number of young people in the older ‘youth’...

Acknowledgements to wikimedia. https://commons.wikimedia.org/wiki/File:Historia_del_partido_socialista.jpg Dear readers. The article below was written in April, 2017, and submitted to Spain's socialist party (PSOE) for publication. It remains relevant to wider debates about the collapse of social...

I’ve just written a blog post about the fiscal situation of Canada’s ‘oil rich’ provinces (i.e., Alberta, Saskatchewan and Newfoundland and Labrador). It consists of a summary of key points raised at a PEF-sponsored panel at this year’s Annual Conference of the Canadian Economics Association. Points raised in the blog post include the following: -The price of oil is impossible to accurately predict, and there’s no guarantee it will rise to past levels. -Each of Canada’s ‘oil rich’ provinces...

The Financial Times’ economics editor, Chris Giles, has had a busy few days. He has written several interesting articles, covering the absence of “the deficit” as a big election issue (as a hawk he’s really not happy about that), the OECD’s new forecast for the UK economy, and the marked similarities between the economies of...

“Government debt should not be measured in pounds; it should be measured in GDPs. When GDP is high, so are tax revenues, and so is the ability of the government to repay.” Prof. Roger Farmer, NIESR, November, 2016 Three Facts about Debt and Deficits Today the Institute for Fiscal Studies produced a review of political manifestos prepared for General Election 2017. Predictably, the respected, and largely independent IFS researchers review the tax and spending proposals of the...

I’ve just written a blog post about social assistance in Canada. Points raised in the blog post include the following: -Social assistance has two contradictory objectives: 1) to give people enough money to live on; and 2) to not give people enough money to live on. -Very few immigrants receive social assistance (relative to the general population). -Several Canadian provinces have seen a rise in persons with disabilities receiving social assistance. -The inadequacy in social assistance...

Soon after the 2015 federal election, Prime Minister-designate Justin Trudeau affirmed that Canada was back as a “compassionate and constructive voice in the world” after a decade of Conservative governments. One of the most important means by which any industrialized country interacts with the developing world is via the amount, composition and effectiveness of its foreign aid, which can help boost human and economic development, mitigate humanitarian crises and reduce environmental...

I’ve just blogged about program evaluation and the way it’s used where I work—namely, at the Calgary Homeless Foundation (CHF). The blog post serves as a primer on program evaluation. It also discusses how CHF measures performance by programs that it funds (CHF disburses $42 million annually to programs in Calgary’s homeless-serving sector). The blog post can be found at this link. Enjoy and share:

Allan Moscovitch and I have co-authored a blog post that looks at the history of child benefits in Canada. Points made in the blog post include the following: -Child benefits can reduce both poverty and homelessness. -When child benefits began in Canada after World War II, one major motivating factor for the federal government was to avoid recession. Another was to fend off social unrest (i.e. Canada’s growing labour movement and the growing popularity of the CCF). The full blog post can be...

I have an opinion piece on Saskatchewan’s recent budget in the Regina Leader-Post. Points raised in the opinion piece include the following: -Reductions in personal and corporate income taxes help the rich more than the poor (and this budget cut both personal and corporate income taxes). -Increases in sales tax hurt the poor more than the rich (and this budget increased both the breadth and the rate of the provincial sales tax). -A one-dollar increase in government spending on public...