December 2014

Key income data goes missing

Understanding what has been happening in recent years with income inequality in Canada is vitally important.

What do we know, for example, about the incidence of low income and poverty, or the impact of taxes and income transfers on the level and distribution of family income? What are the differences in income across provinces, or between different kinds of families, such as seniors and lone-parent families? More pressingly from a public policy perspective, what...

Markets can’t tackle climate change on their own

Canada’s new Ecofiscal Commission, chaired by McGill University macroeconomics professor Chris Ragan, has a mandate to propose reforms to the fiscal system that reduce pollution and environmental damage while also increasing economic efficiency.

The core idea is to move towards a polluter-pay approach, whereby environmental costs