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Business & Economics Economic Development

Hard Money, Hard Times

Why Zero Inflation Hurts Canadians

edited by Lars Osberg & Pierre Fortin

Publisher
James Lorimer & Company Ltd., Publishers
Initial publish date
Jan 1998
Category
Economic Development
  • Hardback

    ISBN
    9781550286137
    Publish Date
    Jan 1998
    List Price
    $34.95
  • Paperback / softback

    ISBN
    9781550286120
    Publish Date
    Jan 1998
    List Price
    $19.95
  • eBook

    ISBN
    9781552771617
    Publish Date
    Feb 2008
    List Price
    $34.95

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Description

Following the recession of the early 1990s, the Canadian economy boomed under the moderate policies of the Bank of Canada. Why, then, would the Bank wish to return to a high-interest, hard-money approach?

The eight independent economists featured in this volume argue that this shift could prove disastrous. They examine the rationale behind high interest rates, and argue that moderate policies on inflation and interest rates are essential to the creation of growth, and the reduction of unemployment and government deficits.

Hard Money, Hard Times offers a series of lucid, independent analyses of the challenges that faced the Canadian economy in the 1990s.

About the authors

LARS OSBERG is a Professor of Economics at Dalhousie University with research interests in labour economics and income and wealth distribution. He received his PhD in Economics from Yale University and has published numerous articles in academic journals and seven books, including Lorimer's Unnecessary Debts, co-edited with Pierre Fortin. He is a past President of the Canadian Economics Association.

Lars Osberg's profile page

PIERRE FORTIN is a professor of economics at the University of Quebec.

Pierre Fortin's profile page