Galen Weston of Loblaw should challenge the Bank of Canada on the view it\u0027s feeding the public that grocers are fuelling inflation. Read on
In 1992, Bénabou published a paper on the same theme exploring “how inflation affects efficiency and output in monopolistically competitive search markets.” But he has since moved on to play a role in the development of leftist approaches to economic policy and inequality. He was, for example, an editor of, a 2006 anti-capitalism book that featured the ideas of two other French-born economists, neo-Marxists Thomas Piketty and Emmanuel Saez, among others.
Is this what the Bank of Canada is all about today? Maybe Galen Weston Jr. could order up some economic research to try to find out.Excerpt from a Feb. 16 speech by Paul Beaudry, deputy governor of the Bank of Canada, to the Alberta School of Business: As Canadians know all too well, high and volatile inflation makes it difficult for everyone to plan how to spend and invest. For example, companies find it more difficult to make key decisions for growing their business when they don’t feel confident about what their costs will be in the years ahead. And financial planning for households is also much more challenging.
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