November 17, 2022
Professor of Economics at the University of Calgary, Research Fellow at The School of Public Policy
Trevor Tombe
Assistant Professor, University of Calgary
Yu (Sonja) Chen
Canada recently experienced the highest inflation rate in decades, and it was driven by COVID-19 disruptions, supply chain bottlenecks, and rising energy prices.
Due to the economic impact of the COVID-19 pandemic, the federal government responded with unprecedented fiscal spending to support workers who lost their jobs and businesses impacted by mandatory closures. The pandemic also disrupted supply chains, which impacted the prices of goods and services globally. At the same time, Russia’s unprovoked war on Ukraine created an energy crisis which increased the global demand for energy and further fueled inflation.
Despite aggressive interest rate tightening, inflation persists in Canada. Energy prices seem to be decreasing but food prices continue to increase. During this event Trevor Tombe and Yu Chen, two leading experts on inflation, will discuss the rise and fall of inflation in Canada with emphasis on the post-pandemic experience. They will also shed light on their expectations for inflation going forward.
Resources
Download the slides in PDF format: OEA Webinar – The Rise and Fall of Inflation in Canada Post Pandemic Analysis
Professor of Economics at the University of Calgary, Research Fellow at The School of Public Policy
Trevor Tombe
Trevor Tombe is a Professor at the University of Calgary’s Department of Economics and the Director of Fiscal and Economic Policy at The School of Public Policy. He received his PhD in Economics from the University of Toronto and undergraduate degree in finance from Simon Fraser University. His research explores a broad set of topics, including, international trade, public finances, and fiscal federalism. He has published in top economics journals, is co-author of the textbooks Public Finance in Canada and Macroeconomics, co-editor of the recent volume Fiscal Federalism in Canada, is co-director of Finances of the Nation, a Public Policy Forum Fellow, and a Senior Fellow at the The Macdonald-Laurier Institute. In addition to his academic work, he actively advises various governments on a wide range of issues and contributes to policy development and discussions through regular op-eds, articles, and media engagement, including as a regular contributor to The Hub.
Assistant Professor, University of Calgary
Yu (Sonja) Chen
Yu (Sonja) Chen is an assistant professor at the University of Calgary. Her research fields include macroeconomics, labour economics and search-and-matching theory. Her latest work investigates the productivity of the Canadian economy and some causes and consequences of the recent rising inflation in Canada.
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