As for specific policy analysis, there's moving decision making away from a balanced budget framework and to a balanced economy framework. The last Congress seemed to for a while move at least the framing in that direction (result: record surplus leading into high prices).
As for "falsifiable," that monetary policy is ineffective: it's hard to imagine anyone not born yesterday who hasn't come to the conclusion that not only hasn't the F.R.B. "agency" been effective at combatting fifty years of rolling boom-bust cycles, but, it must finally be apparent looking back over fifty-years, a leading component cause of them.
Ah. I had given an off-topic comment: on a topic about Canada, I answered with a comment about the U.S. In Canada, the Central Bank can already directly purchase Treasury Bonds, right? As to Canada, I always enjoy watching Poilievre grilling Canadian Treasury officials squirming in their chairs as they avoid answering ten different ways on this kind of thing as if it were a state secret.
I don't see any comments yet, so here goes.
As for specific policy analysis, there's moving decision making away from a balanced budget framework and to a balanced economy framework. The last Congress seemed to for a while move at least the framing in that direction (result: record surplus leading into high prices).
As for "falsifiable," that monetary policy is ineffective: it's hard to imagine anyone not born yesterday who hasn't come to the conclusion that not only hasn't the F.R.B. "agency" been effective at combatting fifty years of rolling boom-bust cycles, but, it must finally be apparent looking back over fifty-years, a leading component cause of them.
The Canadian budgeting process might be misguided, but it is complex. Someone (not me) would need to do a pretty deep dive to offer fixes for it.
Ah. I had given an off-topic comment: on a topic about Canada, I answered with a comment about the U.S. In Canada, the Central Bank can already directly purchase Treasury Bonds, right? As to Canada, I always enjoy watching Poilievre grilling Canadian Treasury officials squirming in their chairs as they avoid answering ten different ways on this kind of thing as if it were a state secret.
They buy some bonds as part of the auction, but the regulations might have a cap on the amount.