John Loxley: a personal reflection

  Two giants have left us—Mel Watkins a few months ago, and now John Loxley. John (pictured, left, with Andrew Jackson and Watkins, his John Kenneth Galbraith Prize co-winners in 2008) was an inspiring and fiercely dedicated leader. His scholarly work, though impeccable, was not of an ivory tower vintage,…
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Canada joins the QE club: What is quantitative easing and what comes next?

With the COVID-19 recession getting deeper by the day, the Bank of Canada has joined other central banks in quickly reducing its target interest rate to near zero and implementing “quantitative easing” (QE) measures to suppress other interest rates and support credit flows, including borrowing by government. Starting April 1,…
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