AAAE- Apr28 - Philip Cross - Stimulus and Economic Growth

Download as iCal file

Friday 28 April 2017, 12:00 - 13:45


Hits : 639


The Atlantic Association of Applied Economists (AAAE) invites you to attend:

Why Has Unprecedented Stimulus Not Produced Faster Economic Growth?

WHO: Philip Cross, Senior Fellow, Macdonald-Laurier Institute (MLI)

Prior to joining MLI, Mr. Cross spent 36 years at Statistics Canada specializing in macroeconomics. He was appointed Chief Economic Analyst in 2008 and was responsible for ensuring quality and coherency of all major economic statistics. During his career, he also wrote the "Current Economic Conditions" section of the Canadian Economic Observer, which provides Statistics Canada's view of the economy. He is a frequent commentator on the economy and interpreter of Statistics Canada reports for the media and general public. He is also a member of the C.D. Howe Business Cycle Dating Committee.

WHAT: Since the Great Financial Crisis began nearly a decade ago, central banks and governments around the world have resorted to unprecedented monetary and fiscal stimulus, with little effect in raising growth. Mr. Cross will show how examining the different ways of calculating GDP (such as industry output, incomes, expenditures, Input/Output, and productivity) helps to shed light on why the results have been disappointing. He will also present evidence that suggests the negative impact of these policy measures on long-term potential growth exceeds the short-term benefits and he will argue that maintaining these policies will sow the seeds for the next crisis.

This presentation draws upon two recent papers written by Mr. Cross:

The Limits of Economic “Stimulus”: how monetary and fiscal policy have sown the seeds of the next crisis (MLI, November 2016)

What do the Different Measures of GDP Tell Us? (C.D. Howe Working Paper, December 2016)

WHEN: Friday, April 28th, 2017, Noon to 1:45pm (Atlantic Standard Time)

WHERE: Bank of Canada Boardroom, Bank of Canada Regional Office, 13th Floor, 1701 Hollis St., (Founders Square), Halifax, Nova Scotia

COST: Members: $10, Non-Members: $20 (A light lunch will be provided)

CONFERENCE CALL: A teleconference call option is available for those living outside of Halifax. The cost is the same as for in-person attendance.

REGISTRATION: Seating is limited and spaces will be reserved until we reach capacity. Visit the CABE Store to register for this event. You must register no later than end of day Wednesday 26th April.    

UPCOMING EVENTS: Mark your calendar for the following AAAE events:

May 12: Fred Morley (Tourism Nova Scotia) – Finding Innovation and Economic Growth in Disruption:  The Case of the Sharing Economy

June 1: Stephen Tapp (IRPP) – A New Road Map for Inclusive Canadian Trade Policy

Location Bank of Canada Atlantic Regional Office
1701 Hollis St., 13th Floor
B3J 3M8
Contact Tara Ainsworth, This email address is being protected from spambots. You need JavaScript enabled to view it.