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Beaudry: Macroeconomics of the 2020s: What we’ve learned, and what’s to come
Good afternoon, and thank you for inviting me to present this year’s Distinguished Lecture in Economics. I’m honoured to be the ninth lecturer to take this stage. I would especially like to thank Professor Francisco Gonzales for thinking of me for today’s talk. Francisco and I have known each other for almost 20 years and have discussed many economic issues during that time. I hope that some of the concepts I will address today—especially spillovers and the value of coordination—will resonate with him, and with students who have had the pleasure of taking his classes. I’m very happy to be here in person ... (full story)
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BOC'S BEAUDRY: WE DON'T WANT MONETARY POLICY TO ADD TO THE UNCERTAINTY.
— Breaking Market News (@financialjuice) September 20, 2022
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BOC'S DEP. GOV. BEAUDRY: IN ORDER TO AVOID DE-ANCHORING AND BRING INFLATION BACK TO TARGET IN A SUSTAINABLE MANNER, SOME HAVE SUGGESTED THAT A SIGNIFICANT SLOWDOWN, IF NOT A RECESSION, BE ENGINEERED.
— Breaking Market News (@financialjuice) September 20, 2022
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Anatomy of a pandemic: Applying old lessons and learning from new ones
video In response to the COVID 19 pandemic, countries around the world rolled out stimulus measures to support their national economies. Drawing on lessons from the global financial crisis of 2008–09, whereby stimulus measures were withdrawn too quickly, policymakers left stimulus in place longer to support the economic recovery from a crisis that was unlike any other. Those fiscal and monetary policy actions supported a strong rebound in demand. But these actions ran headlong into severe supply disruptions caused by the pandemic, the war in Ukraine and other factors. Ultimately, the strong rebound in demand ... (full story)