Public Finance & Fiscal Federalism

Featured News

Treasury Yields Forecast a US Future: Similar to Japan’s present, but Spain’s is more likely

This backgrounder offers an analysis of recent conditions in interest rates and bond markets among industrial states. Notwithstanding the United States’ current economic woes, the paper concludes that while it is positively the best major market in comparison to almost all others, it risks of drifting into Spain-like conditions without an active set of policies to redress its debt burden.

Balancing Act: Gradually Reducing The Size and Cost of Manitoba’s Public Sector

Ben Eisen and Jonathan Wensveen examine the cost of Manitoba’s relatively large public sector. By taking into account projected population growth, they argue that Manitoba can significantly reduce the size of its public sector in the medium-term without resorting to drastic cuts, by either freezing or making small, gradual reductions to government employment over the next decade.