tag:blogger.com,1999:blog-5713178645208582139.post5417848133529422279..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: US vs. Canadian Monetary Policy During the BoomDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5713178645208582139.post-69526526144776741752010-01-11T14:12:12.691-06:002010-01-11T14:12:12.691-06:00In 2008, the World Economic Forum ranked Canada...In 2008, the World Economic Forum ranked Canada's banking system the healthiest in the world. USA's ranked 40th.<br /><br />Canada has been remarkably responsible over the past decade or so. It has had 12 years of budget surpluses, and can now spend money to fuel a recovery from a strong position.Mortgage Girlhttp://www.mortgagegirl.ca/noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-66646269191729891862009-12-15T16:24:20.058-06:002009-12-15T16:24:20.058-06:00I thought I was convinced that "low interest ...I thought I was convinced that "low interest rates" played a key role in the housing bubble. But an (older!) student of mine reminded me that the 1980s were very bubbly too, with commercial real estate crashes (that helped to bring down the S&L industry) and a junk bond boom and bust. Yet the 1980s had very high real interest rates. Maybe it is the case that financial innovation andECBnoreply@blogger.com