Category Archives: Uncategorized

Greek electoral earthquake.Syriza wins big victory. New post austerity era in European politics to follow ?

Posted on January 25, 2015 by haroldchorneyeconomist

There is much joy in Athens today. The anti austerity left of centre coalition Syriza led by Alex Tsipras has brought hope to millions of Greeks that new policies which will promote lower unemployment, fight poverty and reduce hardship will … Continue reading →

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QE in Europe Further details reveal regional weighting but less than total mutual risk sharing

Posted on January 23, 2015 by haroldchorneyeconomist

The ECB QE plan is a very interesting variant of the model I first proposed when I first started writing about greater monetization of the debt as a policy tool in the late 1980s and early 1990s. In a paper … Continue reading →

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Unemployment falls in U.S. in midst of international turmoil, Europe on road to Q.E.,Swiss cut interest rates .

Posted on January 16, 2015 by haroldchorneyeconomist

As the new academic term and new year gets underway in frigid Montréal in the grip of January below zero temperatures there is much to write about. First, of course, the horrible news from France, the Middle East and Africa … Continue reading →

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Poli 600 course outline winter 2015: Public Policy and the Governmental Process in Canada

Posted on January 12, 2015 by haroldchorneyeconomist

Poli 600 winter 2015 Professor Harold Chorney Policy and the Governmental Process in Canada We will be exploring in a series of seminars led by class members as well as myself the process by which policy is developed and implemented … Continue reading →

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Poli 349 course outline 2015 winter term

Posted on January 8, 2015 by haroldchorneyeconomist

Poli 349:Political and social theory and the city Course outline winter 2015 .Professor Harold Chorney Posted on January 7, 2015 This course focuses on the rise of the metropolis and its links to economic and technical change that underlay the … Continue reading →

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Course outline: Poli 489:The political economy of inequality(under construction)

Posted on January 6, 2015 by haroldchorneyeconomist

Poli 489 Course outline Professor Harold Chorney Wed. MB-S2.465 1:15-4:00 The real estate bubble and the crash of 2007 -09 uncovered serious strains in the economic and social fabric of global capitalism. The recovery from what turned out to be … Continue reading →

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Sharp breaks and gradual transitions in markets:aggregate demand, aggregate supply and falling prices

Posted on December 23, 2014 by haroldchorneyeconomist

My daughter and I had a discussion about isocline functions today at lunch. An unusual topic for lunch but a topic of increasing interest in neuroscience, chaos theory and other areas which seek to model dynamic shifts in functions. Look … Continue reading →

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Russia has very low debt to GDP ratio. Most of its external debt is private.

Posted on December 19, 2014 by haroldchorneyeconomist

As the crisis unfolds in Russia it is rather interesting to note that of the leading issuers of sovereign national debt Russia has among the lowest ratios in the world . Its debt to GDP ratio is just under 12 … Continue reading →

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Oil in NYMEX market hits 53.60 in trading then rises to 56.05:Brent falls to 59. Russia CB raises interest rates to 17 %

Posted on December 16, 2014 by haroldchorneyeconomist

The on going turmoil in the oil markets continues with the price today dropping for a time as low as $53.60 in the U.S. NYMEX market before recovering to $56 in later trading. The price for Brent oil touched $59. … Continue reading →

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Oil supplies some basic information can help explain the drop in prices and the nature of the cartel

Posted on December 10, 2014 by haroldchorneyeconomist

In order to make better sense out the sharp swings in the price of oil and the changing supply conditions it is very useful to have some data. I am reproducing a post from my older blog that I first … Continue reading →

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