Many of Vancouver School of Economics’ Faculty take an active part in policy-related discussions on many levels:
- talking directly with government departments
- being involved in government commissions
- interactions with NGOs
- giving presentations and participating in panel discussions at various conferences and events
- taking part in public debate through media commentaries
Some of the activities of our Faculty in policy discussions includes:
1) Consumer Price Indexes and Measuring Real Economic Growth
Accurate measures of price indexes are central to all government policy. The consumer price index on its own is probably the single most important economic measure, being integral in both individual contracts in the economy and in our efforts to measure real economic growth. Much of Erwin Diewert’s work has been concerned with the properties and correct measurement of these indexes. He consults directly with governments, agencies and United Nations-sponsored groups around the world and is a major figure in efforts to improve and co-ordinate national statistics.
2) Labour and Public Finance
Governments seem to be particularly interested in soliciting input on policy decisions related to labour markets (e.g., in policy areas such as employment insurance, education, retirement, immigration, training) and public finances (taxation and expenditure decisions). We have a very active labour and public finance group both as researchers and as contributors to policy discussions.
3) Macro and Monetary Economics
Our School includes some of the top macro economists in Canada (and among the top ranked in the world). They have spent considerable time and effort advising central banks – particularly the Bank of Canada – and organizations such as the International Monetary Fund.
4) Development Economics
One of our acknowledged areas of expertise is in Development Economics. Members of the Faculty are active participants in ongoing policy debates, with a particular focus on India.