Author Archives: haroldchorneyeconomist

About haroldchorneyeconomist

I am Professor of political economy at Concordia university in Montréal, Québec, Canada. I received my B.A.Hons (econ.&poli sci) from the University of Manitoba. I also completed my M.A. degree in economics there. Went on to spend two years at the London School of Economics as a Ph.D. student in economics and then completed my Ph.D. in political economy at the University of Toronto. Was named a John W.Dafoe fellow, a CMHC fellow and a Canada Council fellow. I also was named a Woodrow Wilson fellow in 1968 after completing my first class honours undergraduate degree. Worked as an economist in the area of education, labour economics and as the senior economist with the Manitoba Housing and Renewal Corporation for the Government of Manitoba from 1972 to 1978. I also have worked as an economic consultant for MDT socio-economic consultants and have been consulted on urban planning, health policy, linguistic duality and public sector finance questions by the governments of Manitoba, Saskatchewan,the cities of Regina and Saskatoon, Ontario and the Federal government of Canada. I have also been consulted by senior leaders of the British Labour party, MPs from the Progressive Conservative party, the Liberal party and the New Democrats on economic policy questions. Members of the Government of France under the Presidency of Francois Mitterand discussed my work on public sector deficits. I have also run for elected office at the municipal level. I first began to write about quantitative easing as a useful policy option during the early 1980s.

Departure of eight Labour MPs and three Conservative MPs poses serious potential challenge to Labour party leadership in the UK

At a critical point in British politics because of the challenges and confusion surrounding Brexit eight Labour politicians have quit the Labour Party and decided to sit as independents with the intention of creating a new centrist party .They have … Continue reading

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No deal crash out of EU looking very likely unless article 50 is extended until summer

It is now two months since I last posted on Brexit and Prime Minister May‘s so far unsuccessful strategy of getting her version of a somewhat backstop amended deal past Parliament and ready for presentation to Brussels and the EU leadership. … Continue reading

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May postpones parliamentary vote on Brexit deal. She lacks the votes to pass it.

At the very last moment, despite assurances to the contrary, Prime Minister May announced in Parliament that because she lacked the necessary votes she was postponing the vote on her painfully negotiated Brexit deal . She also announced she was … Continue reading

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Britain, Europe and the future of Brexit

This coming week, December the eleventh to be precise the United Kingdom and the European Union cross another major watershed. Prime Minister Theresa May will face a vote in Parliament on Tuesday on her proposed and already agreed to by … Continue reading

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Fall economic statement is prudent document but results will need to be monitored carefully. Bank of Canada might undermine growth and lower unemployment by imprudent interest rate rises.

Canadian Finance Minister Bill Morneau has tabled a very interesting progressive Fall Economic Statement that carefully but sensibly seeks to balance the need for ongoing stimulus of the  Canadian economy with prudent economic management. He is targeting a stable -but … Continue reading

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The Federal Reserve‘s obsession with imminent inflation – for once I agree with President Trump

President Donald Trump has done and said many negative things in the policy realm that I strongly disagree with. But on the subject of the Fed policy of restoring higher interest rates because of the supposed threat of inflation,  I … Continue reading

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CAQ Sweeps to Victory with an unexpected decisive large majority in Quebec election

Once again the polls were inaccurate. The vote for the CAQ was much larger than predicted, 1.4 million votes and 37.7 % of the vote while the Liberal vote collapsed to an historic low level of just over one million … Continue reading

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