David Dodge, Former Governor, Bank of Canada; Senior Advisor, Bennett Jones LLP and Chair of the C.D. Howe Institute National Council
C.D. Howe Institute Annual Jack Mintz Seminar - The Role of Macro-Economic Policies in an Era of Global Economic Stagnation
The world continues to face a disequilibrium between spending and saving both within and between most major economies. We clearly are stuck in a low-growth global economy characterized by excess supply, low and/or falling inflation, low natural rate of interest, low productivity growth, and current account imbalances.
In correlation with the launch of David Dodge’s paper, he will discuss what he considers to be the two most prevalent reasons this situation persists.
- National authorities are not pursuing with vigor the appropriate balance of monetary and fiscal policy; and
- Our macro-economic policy paradigm, even if vigorously pursued is just not sufficient to bolster aggregate demand enough to get back to the old growth trajectory given the economic and financial expectations of business and households and financial constraints on governments.
Join the C.D. Howe Institute on Friday December 2nd to gain a deeper understanding of this national issue, and share your thoughts in the off-the-record discussion.
David Dodge, Former Governor, Bank of Canada; Senior Advisor, Bennett Jones LLP and Chair of the C.D. Howe Institute National Council
A native of Toronto, Mr. Dodge received a bachelor’s degree (honours) from Queen’s University, and a PhD in economics from Princeton.
During his academic career, he taught economics at Queen’s University; at the School of Advanced International Studies, Johns Hopkins University; at the Faculty of Commerce at the University of British Columbia; and at Simon Fraser University. He also served as Director of the International Economics Program of the Institute for Research on Public Policy. Mr. Dodge has been awarded honorary degrees from a number of Canadian universities. In 2009, he was elected a fellow of the Royal Society of Canada.
During a distinguished career in the federal public service, Mr. Dodge held senior positions in the Central Mortgage and Housing Corporation, the Anti-Inflation Board, and the Department of Employment and Immigration. After serving in a number of increasingly senior positions at the Department of Finance, including that of G-7 Deputy, he was Deputy Minister of Finance from 1992 to 1997. In that role, he served as a member of the Bank of Canada’s Board of Directors.
In 1998 he was appointed Deputy Minister of Health, a position he held until his appointment as Governor of the Bank of Canada.
Mr. Dodge, appointed Governor of the Bank of Canada, effective 1 February 2001 for a term of seven years, retired on 31 January 2008. From July 2008 to June 2014, he served as Chancellor of Queen’s University. From 2009 to 2015, he was a member of the board of directors of Canadian Utilities Limited, ATCO Limited and the Bank of Nova Scotia.
Mr. Dodge is Senior Advisor at Bennett Jones LLP one of Canada’s leading law firms. He also serves on the board of the Canadian Institute for Advanced Research, and Chairs the National Council of the C.D. Howe Institute.
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