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Bank of Japan Governor Masaaki Shirakawa speaks during a news conference in Tokyo on March 13, 2012.

Bank of Japan Governor Masaaki Shirakawa speaks during a news conference in Tokyo on March 13, 2012. (REUTERS)

Economy Lab

At Bank of Japan, no good deed goes unpunished

Central bank chief’s openness about inflation targeting is making life more complicated than it was supposed to

The latest from around the world

Apprenticeships a profitable substitute to college: studies

On-the-job training is as financially attractive an option as a college degree, Canadian researchers find

Corporations also benefit from seasonal EI

The Conservatives’ proposals are a move in the right direction, but a broader debate needs to be held

Want a good trade wage? Go west, keep the lights on

Western Canada leads the way for wages in the unionized construction sector

Canada’s big banks counting on U.S.

Signs of healthier lending south of the border will offset weaker borrowing here

Beijing eyes more stimulus as manufacturing slows

Purchasing index for May shows factory output has fallen for the 7th straight month

We shouldn’t drain Atlantic Canada’s labour force

Building a sustainable economic foundation on the east coast will be less costly in the long term

For almost a million young people: No job, no school

Portion of youths unemployed or not in post-secondary education has edged higher since the recession

Global market rally snuffed out on Europe fears

Summit not likely to remove the threat of Greece leaving the euro zone

A fragile Europe must change fast

If countries face years of debt deflation and depression, the euro risks becoming a detested symbol of impoverishment

Whatever happened to $200 oil?

Four years ago, Jeff Rubin predicted $200-a-barrel oil. Here's why it never came to be.

German stand against euro bond sets stage for tense EU summit

Wednesday’s meeting coincides with Bundesbank’s planned sale of two-year treasury notes with zero-per-cent coupon

How to raise the bar on debates about taxation

We must remember that our individual expectations of what services should be provided vary according to our individual preferences

OECD urges rate hike: Hey, mind your own business

There are better ways to cool Canada’s housing market

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Gordon

Stephen Gordon is a professor of economics at Laval University in Quebec City and a fellow of the Centre interuniversitaire sur le risque, les politiques économiques et l'emploi (CIRPÉE). He also maintains the economics blog Worthwhile Canadian Initiative.

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