Economic History and Public Policy by Vincent Geloso
Vincent Geloso: Wealth taxes do not support economic growth or reduce inequality
Vincent Geloso expressed the view that wealth taxes are not an effective method to sustain economic growth or to reduce inequality. Geloso suggested that alternative measures should be considered ...
Tax cuts boost output and employment, Vincent Geloso argues
Vincent Geloso argued that using a linear trend to analyze economic performance is incorrect and noted that output and employment were declining until the introduction of tax cuts and reversals of ...
Vincent Geloso: U.S. inequality measures influenced by income denominator inconsistencies
Vincent Geloso revisited a working paper coauthored with Phil Magness and Micha Sparks examining disparities in inequality measures in research by Piketty, Saez, and Zucman for the U.S. Geloso ...
California programs increase public contract costs by up to 3.4 percent, Vincent Geloso argues
Vincent Geloso highlights that certain programs in California lead to increases in public contract costs ranging from 1.4% to 3.4%. He notes that since public contracts represent 10–12% of GDP ...
Vincent Geloso: GDP may overstate economic activity due to government spending and capital depreciation
Vincent Geloso raises concerns about the accuracy of GDP figures, noting that the way government expenditures are valued is often overlooked as a flaw. He adds that this issue, combined with ...
Inflation rates vary by income quartile, Vincent Geloso notes
Vincent Geloso points out that in the 1990s, Angus Deaton observed Consumer Price Index calculations often use spending weights that reflect the expenditure patterns of people in the top income ...
Vincent Geloso: Canadian banks earned sizable profits from competitive note issuance
Vincent Geloso highlights that Canadian historians of banking have found banks earned sizable profits by issuing competitive notes and encouraging their circulation. He also points out that the ...
Churchill Falls agreement explains three-quarters of Hydro-Québec profits, Vincent Geloso reveals
Vincent Geloso claims that Hydro-Québec has been unable to control its costs or improve productivity since 1981. He argues that the main reason Hydro-Québec generates returns is the Churchill ...
Vincent Geloso: Projected PCQ spending over four years to decrease by 6.01 percent
Vincent Geloso analyzes the impact of the PCQ amount over a four-year period, noting that, based on historical spending growth since 2014, there would be a 6.01 percent decline in total projected ...
Britain boosted recovery with open construction market, Vincent Geloso notes
Vincent Geloso points out that the late Nick Craft attributed Britain's faster economic recovery, even during a period of so-called austerity, to a highly open construction market. He explains ...
Vincent Geloso: Rent regulations by municipalities limit supply and boost existing property values
Vincent Geloso argues that rental prices do not decrease because municipalities impose regulations on housing supply, effectively reducing the availability of new homes and increasing the value of ...
American cities fueled public goods expansion in 19th century, Vincent Geloso notes
Vincent Geloso highlights that a key aspect of American economic history is often overlooked: the significant role cities played in funding public goods during the 19th century. While economic ...
Vincent Geloso: Wage gaps are smaller in economies with higher economic freedom
Vincent Geloso highlights that economies with higher scores on the economic freedom index tend to have smaller wage gaps. He attributes this to factors such as increased labor force ...
Quebec gives more subsidies than its economic weight suggests, Vincent Geloso argues
Vincent Geloso states that Quebec provides more subsidies than what would be expected based on its share of the Canadian economy and population. According to Geloso, this trend has persisted since ...
Vincent Geloso: Economic growth reduces both types of mortality rates
Vincent Geloso argues that economic growth can lower both types of mortality rates, regardless of their relative ratios. He emphasizes that growth helps reduce overall ...
Canadian agencies address CPI bias more effectively than U.S. agencies, Vincent Geloso notes
Vincent Geloso notes that Canadian agencies such as Statistics Canada have generally performed better than U.S. counterparts in managing consumer price index (CPI) biases. He points to areas like ...
Vincent Geloso: GNP rose faster than GDP over 1989 to 2010
Vincent Geloso points out that using the wrong denominator—GDP instead of GNP—can exaggerate reported increases in certain ratios. He references data showing that, when available, gross ...
Rockefeller and Carnegie held international assets, Vincent Geloso notes
Vincent Geloso points out that significant fortunes such as those of Rockefeller, Carnegie, and Astor were not solely derived from U.S. output. He explains that these prominent figures also held ...
Vincent Geloso: Inflation has not slowed since mid-2023
Vincent Geloso observes that inflation has shown essentially no deceleration since mid-2023. He highlights this trend as an ongoing concern in current economic ...
Lotteries fund public goods across borders, Vincent Geloso notes
Vincent Geloso highlights that lotteries are widely used in public finance and public economics as highly effective strategies to fund public goods. He adds that it is less commonly known that ...
Vincent Geloso: Robert Bourassa criticized for economic management in Quebec
Vincent Geloso criticizes Robert Bourassa for his economic management of Quebec. According to Geloso, Bourassa was a champion of fiscal indiscipline in the rankings he compiled with IEDM and ...
