OTTAWA — Conservative Leader Pierre Poilievre's attempt to block the federal government's budget bill from passing earlier this month is the latest exampl
OTTAWA — Conservative Leader Pierre Poilievre’s attempt to block the federal government’s budget bill from passing earlier this month is the latest example of government spending coming under scrutiny amid high inflation.
At the same time, economists say government spending can affect both demand and supply in the economy, making its total impact on inflation more difficult to read. The study published earlier this month — co-authored by the central bank’s Yinxi Xie and Chang Liu from the National University of Singapore — focuses specifically on government spending on goods and services, leaving out transfer payments to people and businesses.
The researchers suggest that a rise in government spending can reduce inflation by boosting employment levels, therefore increasing supply in the economy.
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