The US Presidential election is in nearly here, at last. In recent weeks, we have discussed key topics receiving insufficient attention during the bruising campaign: looming fiscal crises, international trade policy, and climate change. In 1992, James Carville famously reminded us the economy is usually the most important determinant of American election outcomes. And, surveys [...]
Tag: immigration
Italy: Supply-Side Reforms Are the Only Remedy
19 November 2022 I have just enjoyed a fact-finding trip to the Emilia-Romagna region of Italy. Naturally, I indulged myself with the gastronomic delights of Bologna, Parma, and Modena; as well as marvelled at the mosaics in Ravenna. On the economic front, to be sure, Italy has had little to cheer about in recent years. [...]
UK Immigration: Dispelling the Myths
21 February 2020 Concerns about the impact of immigration on jobs, wages, public services, and national identity played a huge role in the United Kingdom's decision to leave the European Union. Unschackled by the EU's freedom of labour movement requirement, Prime Minister Boris Johnson's government unveiled its long-awaited immigration proposal. In practical terms, the new [...]
Europe: Fiscal Stimulus Key to Avoid Recession
29 September 2019 The European economy has been decelerating since 2017. Indeed, the meagre 0.2% gain in GDP during Q2 2019 suggests economic activity may be stalling. And, as Germany, Italy, and the UK all recorded negative growth rates during the interval (and with Q3 looking decidedly weak as well), financial markets are increasingly concerned [...]