/channels/taxonomy/term/1170/all en /channels/channels/news/tackling-negative-implications-less-cash-society-cbc-news-357867 <p>June 30, 2024 | The digital brigade, powered by e-transfers, PayPal and Apple Pay, has gained unprecedented momentum. This is leading towards a cashless society, as Canadians tend to embrace electronic methods of payments. However, cash holds many significance in the social and economic realm. <a href="https://www.cbc.ca/amp/1.7248846">CBC News</a> featured one of our MPP alum, Aftab Ahmed for their news article about the harm of leaping towards the cashless Canadian economy. </p> Wed, 03 Jul 2024 13:52:55 +0000 webfull 200685 at /channels /channels/channels/news/chris-ragan-rebuilding-canadian-economy-post-covid-era-government-analytics-monthly-podcast-342232 <p>September 12, 2022 | On Government Analytics' The Monthly podcast with host Peter Kent, director Chris Ragan spoke about rebuilding the Canadian economy in the post-Covid era. At the recent Jackson Hole economic policy <a href="https://www.kansascityfed.org/research/jackson-hole-economic-symposium/about-jackson-hole-economic-symposium/" rel="noopener" target="_blank">symposium</a>, Jerome Powell, the head of the US central bank, spent 8-minutes making it abundantly clear he’s going to get inflation under control.</p> Thu, 22 Sep 2022 00:17:03 +0000 webfull 182731 at /channels /channels/channels/news/chris-ragan-bank-canada-expected-raise-interest-rates-toronto-star-341430 <p>September 2, 2022 | In response to the possibility of the Bank of Canada raising interest rates next week, Director <a href="//www.mcgill.ca/maxbellschool/our-people/mpp-teaching-faculty/chris-ragan">Christopher Ragan</a> said the central bank is best-suited to take on the responsibility of maintaining low interest rates.</p> <p>“There’s very, very good reasons why we have operationally independent central bank trying to target inflation rather than governments, because governments in the past have done a very poor job at that,” he said.</p> Tue, 06 Sep 2022 23:53:15 +0000 webfull 182119 at /channels /channels/channels/news/why-politics-and-central-banking-shouldnt-mix-line-339665 <p>May 13, 2022 | In a recent debate, Conservative Party leadership candidate Pierre Poilievre pledged that—if he were to become prime minister—he would fire the governor of the Bank of Canada. Max Bell School Director <a href="//www.mcgill.ca/maxbellschool/our-people/mpp-teaching-faculty/chris-ragan">Chris Ragan</a> thinks such a promise is irresponsible and dangerous.</p> <p><a href="https://theline.substack.com/p/chris-ragan-why-politics-and-central?s=r">Read the article</a>.</p> Tue, 24 May 2022 14:01:33 +0000 webfull 180263 at /channels /channels/channels/news/experts-canadian-inflation-hits-new-three-decade-high-337881 <p>Inflation hit a new three-decade high in January, heaping more pressure on the Bank of Canada to raise interest rates for the first time since the pandemic started. The consumer price index rose 5.1 per cent in January from a year earlier, accelerating from December’s pace of 4.8 per cent and marking the first time since 1991 that inflation has surpassed 5 per cent, according to Statistics Canada. It was the 10th consecutive month that inflation has exceeded the Bank of Canada’s target range of 1 per cent to 3 per cent.</p> Wed, 23 Feb 2022 17:07:53 +0000 webfull 178173 at /channels /channels/channels/news/canadas-cost-living-increased-48-december-fastest-rate-1991-cbc-news-336988 <p>January 19, 2022 | Director <a href="//www.mcgill.ca/maxbellschool/our-people/mpp-teaching-faculty/christopher-ragan">Chris Ragan</a> discusses supply chain disruptions and Canada's inflation rate rising to a 30-year high on CBC News. "There's a lot of pent-up demand," Chris notes, referring to businesses and restaurants being closed over the pandemic, and many consumers not having any place to spend their income.</p> <p><a href="https://www.cbc.ca/player/play/1994530371701">Watch the clip here.</a> Chris's segment begins at 32:42.</p> Thu, 20 Jan 2022 17:10:59 +0000 webfull 177037 at /channels /channels/channels/news/burning-questions-ottawa-finally-about-get-serious-about-housing-bubbles-regina-leader-post-336033 <p>December 24, 2021 | After Director Christopher Ragan <a href="https://thehub.ca/2021-12-20/christopher-ragan-are-dangers-lurking-within-the-bank-of-canadas-new-mandate/">published an essay</a> in the Hub that perhaps Freeland and Macklem actually disagree about how the central bank should conduct policy rather than they united front they presented to the public, The Regina Leader Post included his commentary in an article about the Bank of Canada's new five-year mandate.</p> Wed, 05 Jan 2022 17:03:23 +0000 webfull 176036 at /channels /channels/channels/news/inflation-101-christopher-ragan-hill-times-335648 <p>December 15, 2021 | Director <a href="//www.mcgill.ca/maxbellschool/our-people/mpp-teaching-faculty/chris-ragan">Christopher Ragan</a> joins <em>The Hill Times'</em> The Hot Room podcast to explain how inflation works, whether the Trudeau government is to blame for rising prices, and the Bank of Canada's new-look plan to manage it.</p> <p><a href="https://www.hilltimes.com/podcast-the-hot-room" target="_blank">Listen to the episode</a>.</p> Thu, 16 Dec 2021 15:10:44 +0000 webfull 175631 at /channels /channels/channels/news/leave-it-alone-chris-ragan-comments-bank-canada-mandate-debate-hub-334789 <p>November 12, 2021 | Following a dialogue between The Hub and Max Bell School Director Chris Ragan, this article outlines the history of the Bank of Canada's agreement with the federal government leading up to the mandate's expiration in January 2022.</p> <p><a href="https://thehub.ca/2021-11-12/chris-ragan-comments-on-the-bank-of-canada-mandate-debate/">Read the article.</a> </p> Mon, 15 Nov 2021 19:32:15 +0000 webfull 174689 at /channels /channels/channels/event/down-wire-bank-canadas-mandate-renewal-334732 <p>If recent history is any guide, the Government of Canada and the Bank of Canada will be announcing a new mandate for the Bank within the next several weeks. There are many available choices but only a few leading contenders.</p> Wed, 10 Nov 2021 19:51:10 +0000 webfull 174630 at /channels /channels/channels/news/election-campaign-and-inflation-set-perfect-storm-usually-sleepy-review-boc-monetary-policy-globe-332788 <p>August 20, 2021 | The Bank of Canada's mandate renewal—usually a mundane and technical affair—is generating interest in the political sphere as Canadas 44th federal election gets underway. In this Globe and Mail article, Max Bell School director <a href="//www.mcgill.ca/maxbellschool/our-people/mpp-teaching-faculty/chris-ragan">Chris Ragan</a> argues for careful consideration of all the mandate options on the table: from targeting GDP level, to adopting a dual mandate, to maintaining the status quo. </p> Thu, 26 Aug 2021 12:46:41 +0000 webfull 172465 at /channels /channels/channels/news/expert-bank-canada-should-start-issuing-digital-currency-experts-say-331648 <p>Some technologists are telling the Bank of Canada (BoC) that its wait-and-see approach when it comes to issuing digital currencies runs the risk of leaving it behind in the race to innovate globally. Although its Governor Tiff Macklem said in April that the pandemic has accelerated the digital economy and “the case for a digital currency becomes more compelling,” the central bank says it has no immediate plans to launch a digital loonie. (<a href="https://globalnews.ca/video/7963776/bank-of-canada-should-start-issuing-digital-currency-experts-say" target="_blank">Global News</a>)</p> Wed, 23 Jun 2021 15:16:29 +0000 webfull 171282 at /channels /channels/channels/news/are-we-going-be-able-pull-how-bank-canada-doused-financial-fire-last-spring-globe-and-mail-330069 <p>March 27, 2021 | In this Globe and Mail article, Max Bell School Director Chris Ragan weighs in on the Bank of Canada's role in pandemic economic recovery, discussing monetary policy topics including quantitative easing and inflation risks.</p> <p><a href="https://www.theglobeandmail.com/business/article-are-we-going-to-be-able-to-pull-this-off-how-the-bank-of-canada-doused/">Read the article</a>.</p> Mon, 29 Mar 2021 18:01:08 +0000 webfull 169486 at /channels /channels/channels/news/ece-professor-christophe-dubach-and-bank-canada-model-x-challenge-328642 <p>The proposal "<a href="/engineering/files/engineering/central_bank_digital_currency_with_asymmetric_privacy_mcgill_tinn_dubach.pdf">Central Bank Digital Currency with Asymmetric Privacy</a>", by Professor Christophe Dubach (ECE), and Professor Katrin Tinn (Desautels Faculty of Management) has been chosen as one of the top three proposals by the Bank of Canada for the Model X Challenge.</p> Tue, 16 Feb 2021 21:34:36 +0000 webfull 167953 at /channels /channels/channels/news/great-rethink-why-bank-canadas-mandate-needs-refresh-financial-post-324926 <p>September 25, 2020 | In this article, Kevin Carmichael proposes that, while the Bank of Canada has done an excellent job of containing inflation, it may have erred too often on the side of caution.</p> <p>Click <a href="https://financialpost.com/news/economy/the-great-rethink-why-the-bank-of-canadas-mandate-needs-a-refresh">here</a> to read the article.</p> Fri, 25 Sep 2020 20:41:48 +0000 webfull 163778 at /channels