Home/Tag: deficits

Does Canada Need a Few Small Deficits ?

Chris Ragan has an excellent column - "A few small deficits may actually be just what Canada needs" - in yesterday's Globe & Mail. [Also excellent because it illustrates most of the key policy implications discussed in Ch 12 (Spending Others' Money: Fiscal Policy, Deficits, and National Debt) of Macroeconomics for Life [...]

Does Canada Need a Few Small Deficits ?2020-05-07T16:09:25-04:00

A Balance Sheet Recession

Richard Koo (Chief Economist, Nomura Research Institute) did a 10 minute video in 2010 for the Institute for New Economic Thinking (INET) that is the clearest and most succinct, yet comprehensive, explanation of balance sheet recession.  I have shown this video 10 times in different courses, and students are spellbound [...]

A Balance Sheet Recession2020-05-09T11:22:09-04:00