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.

President Trump suggests Negative interest rates to help economy. Its a useful suggestion that should stimulate a debate

Once again President Trump has made a useful suggestion to stimulate growth in the economy with which the chairman of the Federal Reserve disagrees. The chairman Jerome Powell has suggested that the Fed for the time being is not considering … Continue reading

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The new reality: hoarding or avoiding using cash because of Covid- 19 and the relevance of Quantitative Easing

Keynes wrote at length about the increased attachment to cash which he called increased liquidity preference in a time of crisis which leads to a rise in the rate of interest as there are limits to the amount of cash … Continue reading

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Co vid 19 pandemic confirms again the critical relevance of Keynes and his policy tools

March 27 2020 , The current Covid19 crisis and the American and Canadian response to it by both the President and the Congress and the Fed , the Prime Minister, Parliament and the Bank of Canada is once again proof … Continue reading

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Poli 610 2019 schedule of student presentions

  Janik Rogas  The crash and financial crisis of 2007- 2009.September 17. 2.    Luke Michel Donovan  Say‘s law, unemployment and the Labour market          clearing model.The natural rate of unemployment and inflation. Sept.24. 3.   . … Continue reading

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Fall 2019 Poli 204 A course outline (under construction)

Poli 204  A/ 2019 Concordia university Introduction to Canadian Politics Professor Harold Chorney  Course outline including essay topics list Wed. 2:45-5:30 FG C070 Office hours Tuesday 4:30 to 5:30 Wed 1:30 -2:25 . The study of Canadian politics is a … Continue reading

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Pol. 610  Macro-economic policy-making after Keynes (under construction)

Concordia University fall 2019 Prof. H. Chorney tel. 848 2424 ext.2106  e mail harold.chorney@concordia.ca Office hours tba This course is an intensive examination of macro-economic policy-making and macro-economic theory in the light of recent and earlier global developments, including the … Continue reading

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Fed keeps interest rate at current level: Debate emerges within it over wisdom of not cutting the rate.

The Federal Reserve has recently announced its FOMC decision to not cut or raise interest rates. But a necessary debate is beginning to emerge among Fed decision takers about the nature of disinflationary and even perhaps deflationary trends in the … Continue reading

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