David Dodge, former Governor of the Bank of Canada, presented his views on the appropriate balance of monetary and fiscal policies for a slow-growth global economy on December 2nd at a C.D. Howe Institute luncheon. In his remarks, entitled “The Role of Macro-Economic Policies in an Era of Global Economic Stagnation,” Dodge noted: “We are stuck in a low-growth global economy characterized by excess supply and low inflation, a low natural interest rate, low productivity growth, and current account imbalances.”
What to do?
Dodge concluded: “At the present time, both price and financial stability would be better served by somewhat higher policy interest rates – rates that would not imply a sacrifice of employment and growth...
The following is a transcript of remarks presented by the Managing Director of the International Monetary Fund, Christine Lagarde, to the C.D. Howe Institute's Sylvia Ostry Lecture.
Toronto, September 13, 2016
Thank you for your kind introduction, John, and thank you, Bill Robson and the C.D. Howe Institute, for your invitation and for hosting this wonderful event today.
I am grateful for the opportunity to deliver a lecture in honor of Sylvia Ostry, the great Canadian economist and policymaker, and above all, the woman pioneer who broke into the closed world of high finance and sherpa-dom that still is largely a man’s world.
Dr. Ostry, who is right here in the audience, succeeded by setting the...
Healthcare in Canada needs governance – clear, determined leadership to pull its poorly coordinated elements together into a real system and put it on course to meet the needs of the 21st century, states a new C.D. Howe Institute Verbatim. In “WANTED: Leadership for Healthcare,” authors Don Drummond, Duncan Sinclair, David M.C. Walker and Christopher S. Simpson outline the necessary steps that leaders must take in revamping Canada’s healthcare system to make it more affordable and accessible for Canadians.
The C.D. Howe Institute hosted a small group of thinkers drawn from Canada’s foremost leaders in First Nations education on April 15, 2016. The group gathered to discuss goals for students, the roles and responsibilities of government, and practical steps towards achieving measurable and attainable improvement in education outcomes for First Nations students.
The federal government should quickly release the $300 million increase it promised in operating expenditures for on-reserve students so that it can be used effectively in the upcoming school year, according to a new C.D. Howe Institute Verbatim. In “‘If we had 300 Million Dollars’: Funding for Reserve Schools,” authors Barry Anderson and John Richards urge the government to use part of the funding to “nudge” schools towards strategies that are likely to ensure students gain the knowledge, skills and attitudes needed to participate in a modern economy.
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