I agree with him that if the additional spending is not to increase the productive capacity of the Canadian economy, but purely to stimulate demand, it would indeed create inflationary pressures.
On January 31st, 2022. See this statement in context.
On January 31st, 2022. See this statement in context.
January 31st, 2022 / 12:40 p.m.
Parliamentary Budget Officer, Office of the Parliamentary Budget Officer
I agree with him that if the additional spending is not to increase the productive capacity of the Canadian economy, but purely to stimulate demand, it would indeed create inflationary pressures.
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