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Minister McKenna should re-consider plans for stimulus
Catherine McKenna, our federal minister of infrastructure, recently said the Trudeau government is thinking about stimulus measures and hopes to have a plan in place this fall. Minister McKenna suggested stimulus efforts would focus on ...
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Stimulus spending will likely harm Canadian economy—not help it
Appeared in National Newswatch, June 25, 2020 As the federal and provincial governments shift their focus to economic recovery, there will be heightened calls for fiscal stimulus in an attempt to kick-start the economy. However, a new study by the Fraser ...
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Is Fiscal Stimulus an Effective Policy Response to a Recession? Reviewing the Existing Research
This report examines existing academic studies that analyze evidence regarding the effectiveness of fiscal stimulus—additional government spending and/or tax relief—as a mechanism to mitigate the impact of a recession and speed up economic ...
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Stimulus didn’t work in 2009—don’t expect it to kick-start the economy now
Appeared in the Toronto Star, June 6, 2020 As the worst of the COVID experience subsides and economies begin to reopen, provincial governments are busy announcing plans to ramp up infrastructure spending to “kick-start” their economies. So far Quebec, ...