Boom and Bust Again
Policy Challenges for a Commodity-Based Economy
Contributions by Jason Brisbois, Colin Busby, Edward J. Chambers, Bev Dahlby, Stephen Duckett, JC Herbert Emery, Nicholas Emter, Roger Gibbins, Brad R Humphreys, Ronald Kneebone, Gordon Kramer, Stuart Landon, Kathleen Macaspac, Victor A Matheson, Melville McMillan, John D Murray, Alice O Nakamura, Al O'Brien, Liesje Sarnecki and Constance Smith
In many commodity-based economies, rollercoaster boom-and-bust cycles have come to be viewed almost as an unavoidable characteristic. Framed mainly in the context of the Alberta economy, the articles in this volume explore a wide range of issues associated with the historical phenomenon of recurring periods of boom and bust, including reasons for their apparent inevitability, dealing with revenue volatility, possible diversification strategies, savings policy, and challenges faced by policy makers. Re-examining and shedding new light on these struggles, Boom and Bust Again is an important contribution to the literature on policy issues for readers in the fields of economics, business, finance, and public policy. Contributors: Robert L. Ascah, Jason Brisbois, Colin Busby, Edward J. Chambers, Bev Dahlby, Stephen Duckett, J. C. Herbert Emery, Nicholas Emter, Roger Gibbins, Brad R. Humphreys, Ronald Kneebone, Gordon Kramer, Stuart Landon, Kathleen Macaspac, Victor A. Matheson, Melville McMillan, John D. Murray, Alice O. Nakamura, Al O'Brien, David L. Ryan, Liesje Sarnecki, Constance Smith.
About the Authors
"As the Alberta economy is stressed and government deficits rise, our new government—with its different perspective—needs to address the issues raised in this collection and implement some of the advice offered, as it has already done in stabilizing expenditures. The public needs to be better informed and willing to pay the taxes necessary to pay for the quality public services it expects. This work is a positive addition to accomplish these goals."—Greg Flanagan, Alberta Views
"[Boom and Bust Again] paints a bleak picture: Alberta's public finances are overly dependent on volatile non-renewable energy resources, we are failing future generations by failing to save enough from these depleting resources,and taxes alone are too low to pay for the services we currently demand.... The authors are clear about what we need from the government: more evidence-based decision making, better communication with the electorate and stakeholders and a commitment to savings..."—David K. Stewart, Alberta Views
Other Titles by Robert Ascah