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| Kerr, William A.. |
| A truly global recession has not been manifest since the Great Depression of the 1930s. As a result, the multilateral institutions put in place at the end of the Second World War to ensure that a major depression never happened again have not been tested. One of the lessons of the Great Depression was that governments had a major role to play in managing the economy. The use of subsidies to affect economic outcomes was one manifestation of this expanded role. In a recession, sector specific subsidies will likely be requested by firms. Subsidies can distort trade, leading to the potential for beggar thy neighbour subsidy wars. Subsidies will be difficult to discipline in a global recession. |
| Tipo: Journal Article |
Palavras-chave: Beggar thy neighbour; Deficits; Paradox of thrift; Recession; Subsidies; International Relations/Trade. |
| Ano: 2009 |
URL: http://purl.umn.edu/48788 |
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| Emter, Nicholas A.. |
| Over the past year and a half, Canada, along with the rest of the world, experienced an economic downturn, the likes of which had not been seen since the Great Depression of the 1930s. After more than a decade of relatively stable economic growth that culminated in the housing market bubble collapse in the U.S., the world financial system, and subsequently the world economy began to fall apart. Massive, previously unseen, fiscal stimulus expenditure in the form of both infrastructure spending and ‘bailouts’ was undertaken in the U.S., and to a lesser degree in Canada, in order to stabilize the banking and financial systems, spur demand, and carry the economy on the path of expansion. Now, in the first months of 2010, many economic indicators indicate that... |
| Tipo: Report |
Palavras-chave: Alberta; Recession; Unemployment rate; Participation rate; Employment; EI beneficiaries; Leading indicators; Lagging indicators; Recovery; Labor and Human Capital; Public Economics; Resource /Energy Economics and Policy. |
| Ano: 2010 |
URL: http://purl.umn.edu/60402 |
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