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ARIRANG🚨On Monday, El Paso County declared May 2 & 3 "BTS Weekend," highlighting how the K-pop band is raising the Borderland's profile, as projections estimate a $75 million economic impact.

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The only reason why the Bank of Canada (Bank of Canada) chose to go after one academic without refuting any claims made was because this one academic (me) was asking questions the Bank did not like. The question asked in Parliament came from our enquiries. So, this morning, we have submitted nine (9) more questions to the Bank following this week’s testimony. These are all questions, reporters, and intellectuals can ask, should ask, but won’t: 1) What specific data and economic models were used to arrive at the 0.6% estimate for the impact of eliminating the carbon tax on inflation? 2) Can the Bank of Canada provide a breakdown of the assumptions and variables considered in your calculations for this estimate? 3) How sensitive is the estimate to changes in key assumptions, such as the level of the carbon tax, consumer behaviour, and market dynamics? 4) Has the Bank considered the potential second-order effects of eliminating the carbon tax, such as changes in energy consumption and production, shifts in investment patterns, or effects on other industries? Furthermore, why isn't the Bank analyzing other components (not only three) of the Consumer Price Index (CPI), such as #food, in relation to this estimate? 5) What historical or international examples does the Bank rely on to support this estimate, and how well do those examples align with the Canadian economic context? 6) Are there any studies or research papers that have reached different conclusions regarding the impact of carbon taxes on inflation? If so, how does the Bank's estimate reconcile with these differing perspectives? 7) What measures are in place to continuously monitor and update the estimate as economic conditions and policies change? In other words, will your 0.6 estimate increase as the carbon tax increases over time until it reaches $170/mt in 2023? 8) Can the Bank provide a range of potential impacts rather than a single-point estimate, considering the inherent uncertainty in economic forecasting? 9) How does the Bank account for potential behavioural changes, such as shifts in consumer preferences, in their estimate? We'll inform you once we receive a response. Remember to ask questions and not overlook the data. Revisiting the Governor's testimony from October 30 ⬇️, pay close attention to his words. His statement regarding the "one-time 0.6% drop" underscores that the policy is indeed playing a role in driving inflation.

The Food Professor

259,384 Aufrufe • vor 2 Jahren