Kevin Milligan
@kevinmilligan.bsky.social
📤 6290
📥 171
📝 1056
Professor of Economics, Vancouver School of Economics
pinned post!
Canadian Tax Journal call for proposals: Policy Forum on National Defence and Public Finances. Canada has set targets to sharply increase defence spending. What does this mean for public finances? Write for the CTJ Policy Forum! Proposals due April 15th.
www.ctf.ca/EN/Publicati...
1 day ago
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Kevin Milligan
UChicago | Stone Center on Wealth Inequality & Mobility
about 19 hours ago
Will you join us in Vancouver? 🇨🇦 This summer, we’re partnering with UBC's
@stone-centre-ubc.bsky.social
to host the Summer School on Socioeconomic Opportunity and Inequality. Applications are now open – we’re excited to meet you. Learn more:
bit.ly/4lWx0ro
Apply here:
bit.ly/4t8Lff6
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Kevin Milligan
Canadian Tax Journal call for proposals: Policy Forum on National Defence and Public Finances. Canada has set targets to sharply increase defence spending. What does this mean for public finances? Write for the CTJ Policy Forum! Proposals due April 15th.
www.ctf.ca/EN/Publicati...
1 day ago
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Canadian Tax Journal call for proposals: Policy Forum on National Defence and Public Finances. Canada has set targets to sharply increase defence spending. What does this mean for public finances? Write for the CTJ Policy Forum! Proposals due April 15th.
www.ctf.ca/EN/Publicati...
1 day ago
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Dub Gleed
1 day ago
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Kevin Milligan
Canadian Paintings
3 days ago
West Coast, Vancouver Island, B.C. Arthur Lismer 1955
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lol oil prices now right back to where they were before the 'peace' posts on early Monday morning. HOOCOODANODE
4 days ago
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Consider the possible state of the world (described below) where there is an AI-overbuild-generated financial crisis akin to the 2008 financial crisis. The scenario involves projected income flows from data centres falling short of debt payments, which then cascades through the financial market.
add a skeleton here at some point
4 days ago
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Kevin Milligan
Canadian Paintings
4 days ago
Spring Roster Kenneth Lochhead c. 1993
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Kevin Milligan
Scott Lincicome
4 days ago
My new
@opinion.bloomberg.com
piece is on US aluminum tariffs - and some of the many, many reasons why they may very well be the dumbest tariffs in the world (and why the Iran war has made them even dumber). Seriously. 🎁:
www.bloomberg.com/opinion/arti...
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The World's Dumbest Tariff Has Been Revealed
With the Iran war threatening supplies of critical, energy-intensive materials, one might assume the US government was prepared for this risk and has been working hard to soften the blow. In the case ...
https://www.bloomberg.com/opinion/articles/2026-03-27/the-tariff-on-aluminum-is-the-world-s-dumbest?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc3NDYxNTA1OCwiZXhwIjoxNzc1MjE5ODU4LCJhcnRpY2xlSWQiOiJUQ0pYMjRLR0lGUVgwMCIsImJjb25uZWN0SWQiOiJDQUZERUIwMjc0RkU0NTc0QjNCQzU5NDIwREEwODExQiJ9.N-XlK5Zzj1rld-_xkyPPK9BoA46QPoENMA-keUoLXeU
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Kevin Milligan
Blake Shaffer 🇨🇦
7 days ago
BC in a very different position relative to their WECC neighbours when it comes to snowpack this year.
add a skeleton here at some point
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Kevin Milligan
Emmett Macfarlane 🇨🇦
8 days ago
The federal government *dramatically overcompensated* for abuse by some colleges in international student visas, and now Canada's long-term prosperity and its university systems both get to suffer unnecessarily as a result.
add a skeleton here at some point
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Sea lemon, starfish, and mollusks.
10 days ago
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Kevin Milligan
Rebecca Bollwitt
11 days ago
Want a thrill? Walk across a dam in North Vancouver after an atmospheric river 😵💫
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The oil price shock seems like a very positive shift in our terms of trade. Why hasn't that affected CAN$ very much (yet)? - are there offsetting shifts? - is it just a delayed reaction thing? - should I think of the 2005-2012 high C$ era more about the capital account than the current account?
11 days ago
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Kevin Milligan
Thomas Seal
12 days ago
British Columbia gets yet another credit downgrade
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British Columbia Debt Downgraded Again on ‘Entrenched’ Deficit
British Columbia was downgraded by Moody’s Ratings, which reiterated its negative outlook, the latest in a string of downgrades for Canada’s third-most populous province as its fiscal position worsens...
https://www.bloomberg.com/news/articles/2026-03-19/british-columbia-debt-downgraded-again-on-entrenched-deficit
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Kevin Milligan
Blake Shaffer 🇨🇦
12 days ago
The prompt month WTI futures is hovering near $100. The 1-year strip is around $84. Alberta’s budget forecast for the same 1-year strip is $60.50. Every $1 increase adds $680MM to Alberta’s budget. At this point we are looking at a « mark-to-market » budget change of +$16 billion 😳 [1/2]
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Kevin Milligan
Armine Yalnizyan
13 days ago
Carolyn Rogers shouts out Sharon Kozicki's recent speech about supply shock impacts on
@bankofcanada.ca
decision making: when to "look through" price increases and when to act, from a demand pressure and a supply pressure side. Here's the speech. It's excellent.
www.bankofcanada.ca/2026/03/cana...
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Canada’s monetary policy framework in a world of supply-driven trade-offs
Deputy Governor Sharon Kozicki discusses the challenges of setting monetary policy in a world where supply-side developments are important drivers of inflation.
https://www.bankofcanada.ca/2026/03/canadas-monetary-policy-framework-world-supply-driven-trade-offs/?utm_source=alert&utm_medium=email&utm_campaign=SPSK260302
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Current 10-yr bond yield in US: 4.2%. Current 10-yr bond yield in CAN: 3.39%.
www.marketwatch.com/investing/Bo...
add a skeleton here at some point
13 days ago
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Kevin Milligan
Armine Yalnizyan
13 days ago
Bank of Canada holds rate at 2.25%
www.bankofcanada.ca/2026/03/fad-...
but the calm before the storm? "weaker economic activity and uncertainty elevated, risks to growth look tilted to the downside."
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Rate announcement to come at 9:45 (ET)
Automatically view the rate announcement the moment it is published.
https://www.bankofcanada.ca/2026/03/fad-press-release-2026-03-18/
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Kevin Milligan
Stephen Quinn
13 days ago
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Kevin Milligan
Micah
13 days ago
ONCE MORE WITH FEELING
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Kevin Milligan
The Athletic
13 days ago
VENEZUELA DEFEATS THE UNITED STATES TO TAKE HOME THEIR FIRST WORLD BASEBALL CLASSIC CHAMPIONSHIP 🇻🇪🏆
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EUGENIO 🇻🇪 🇻🇪 🇻🇪 🇻🇪
13 days ago
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Kevin Milligan
Anyway, again let me emphasize. I like the EU. I like trade with the EU. I'm very fond of EU pastries and museums. I like PM Carney's idea of a new trade bloc. But we should not waste a further breath on EU membership. It's not for us. We are in the Americas, not Europe. That is actually relevant!
about 1 month ago
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Sigh. "Canada should join EU" is having another news cycle. Here is my thread from month ago. I am a total Europhile and we should explore ways to increase our cooperation with Europe. But EU membership is strongly against our national interest. (Yes, I know about Hans Island.)
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13 days ago
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An interesting account of how using AI tools can increase the productivity of one researcher. But I would encourage everyone to consider the general equilibrium effects of this. If researchers like Paul can now put out 10 papers a year (and maybe 20 next year and 40 after that) what happens?
add a skeleton here at some point
14 days ago
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Kent Fellows
14 days ago
Werner Antweiler has an excellent paper on this point from 2016:
www.sciencedirect.com/science/arti...
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Cross-border trade in electricity
This paper develops a novel economic theory of two-way trade in a homogenous good, electricity. In this model of ‘reciprocal load smoothing,’ internat…
https://www.sciencedirect.com/science/article/pii/S0022199616300423
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Seeing some concern expressed that Camada is a net importer of electricity. As Blake shows, you have to be very careful about volume vs revenue. BC imports more kilowatts, but US pays more in total.
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14 days ago
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Ok I'm in the 7th of CAN USA. Nice HR by Bo Naylor. Can't believe Aumont came on in the 2nd round. Great job by Macko. 9 more outs, boys, Use 'em wisely.
17 days ago
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Just starting the KOR DOM game. What an ALLYIME GREAT slide from Vlad. Truly one of the best I've seen.
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17 days ago
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Been really down about receiving an obviously-AI generated referee report for a journal where I'm an editor. Yes, I suppose it saved you a bunch of time in doing your scholarly duty. But I'm the one who has to read the whole damn thing and decide what to do with each of the AI/referee points.
18 days ago
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iykyk
19 days ago
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Way to go Team Canada! Dykxhoorn the 'Big Doctor' with the great save. Nice hits by Caissie. But, we still have to beat Cuba tomorrow to advance.....
20 days ago
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Squint and you can see some snow!
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21 days ago
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Did a speed run through JPN CZE over breakfast. Czechia was in it until deep in the 8th! What a performance by pitcher Satoria, who is an electrician when not shutting out the reigning world champions for 4 2/3rds innings. Left the field to a standing ovation in the Tokyo Dome.
21 days ago
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Watching MEX USA now. What a play at the plate! Duran to Kirky. Good hustle by Duran to get to the ball. Kirky made the scoop and tag look easy. Roman Anthony was really labouring around the bases. Does he have nagging injuries or just slow?
21 days ago
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So close for Team Taiwan 🇹🇼. Final score was KOR 7 and AUS 2. Just needed one more AUS run to get into the "white" zone and one more run from each to get into the "Taiwan advances" green zone. This guy's chart is great. Weird that the WBC broadcast relied on him and didnt do the math themselves.
22 days ago
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reposted by
Kevin Milligan
Blake Shaffer 🇨🇦
22 days ago
To give you a sense of how sensitive Alberta’s provincial budget is to global oil prices: At the current 1-year forward strip for crude oil, Alberta’s budget would go from a $9B deficit to an **$8B SURPLUS** Begs the question of whether AB should consider hedging these windfall gains at some point
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Brutal D in the top of the 6th. Also, not sure Big Maple unc still got it. Three innings left....
22 days ago
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Kevin Milligan
Andrew Kurjata
23 days ago
Vladdy brought the home run jacket tradition to the WBC?
www.reddit.com/r/baseball/s...
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From the baseball community on Reddit: A closeup look at Team Domincan Republic's home run jacket
Explore this post and more from the baseball community
https://www.reddit.com/r/baseball/s/qYEYdWSTa2
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Update. After that PLAKATA I'm giving Vladdy credit for all four RD runs!
bsky.app/profile/kevi...
add a skeleton here at some point
23 days ago
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Good slide by Vladdy there; contrbuted to the overthrow. Give Vlad credit for both runs this inning!
23 days ago
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台灣 加油!!! What a great game. Like 5 lead changes! Tomorrow is Canada 🇨🇦 and Panama 🇵🇦. Will try to catch the Dominican game too because they're so fun.
23 days ago
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Now from Puerto Rico back to Tokyo for Taiwan 🇹🇼 vs Korea 🇰🇷. Having the WBC tournament simultaneously around the world really flavours it. You get to see Asian and Latino baseball culture in back to back games. Also, games pretty much 24 hours around the clock. Any other tournaments like this?
23 days ago
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Felt so bad that Nicaragua gave up the lead after being one strike away. Would've been a big win for them. Puerto Rico vs Panama going to extra innings! Such great games. How do we transition back from this to boring April regular season baseball.....
23 days ago
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The Kingdom of the Netherlands WBC team always has the best names. Can't decide if the best is Chadwick Tromp or Wendell Floranus. (Most of the team is from Curaçao and Aruba, not Holland)
www.mlb.com/world-baseba...
24 days ago
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Great job Team 🇨🇦! Owen Caissie big smash was great. Loved Denzel Clarke running hard on that lazy fly. Bo Naylor gunning a few runners out. Philippe Aumont the 37 year old farmer from Gatineau getting the last out.
24 days ago
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La República Dominica has a jonrón jacket! Gotta be a Vlad idea, yeah?
24 days ago
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Kevin Milligan
Fasten your seat belts...
26 days ago
The CBC has this alert on its front news page. Top right, permanently posted.
cbchelp.cbc.ca/hc/en-ca/art...
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Ah jeez. A citizen just called my office saying there is a fake website set up to look like a CBC News story. The fake story uses my name and image (along with new Telus CEO Victor Dodig) to endorse some sleazy AI investing product. In March of the year 2026, is there really anything I can do?
26 days ago
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