Scarth William, Professor Emeritus
William Scarth
Professor Emeritus
Emeritus Faculty
Department of Economics
Area(s) of Interest:
Biography
Employment/Appointments
Economics at McMaster (Assistant Professor - 1971, Full Professor - 1982)
Adjunct Professor appointments - Queen's, Waterloo and Simon Fraser
Consultant - Finance Canada, Economic Council of Canada, and Statistics Canada
Senior Fellow in Economic Policy - Reserve Bank of Australia
Research Economist - CD Howe Institute
Distinguished Visitor - Alberta, Athens, Calgary, Canterbury (NZ)
Education
BA - Honours - Economics - Queen's (Gold Medal) - 1968
MA - Economics - Essex (Commonwealth Scholarship) - 1970
PhD - Economics - Toronto (Canada Council Scholarship) - 1971
Teaching
Seminars
150 presentations
Teaching
McMaster University President's Award for Instruction - 1997
McMaster Student Union Lifetime Achievement Award - 1999
McMaster Student Union Oustanding Teacher in Arts and Science Award - 2012, 2014
Courses Taught Recently
Econ 728
Arts & Science 2E03
Recent Public Lectures
Third Age Learning
Hamilton Branch - one lecture, Fall 2020
Burlington Branch - three lectures, Fall 2019
Research
Research/Publications
Articles: 80 published papers in academic journals and policy reports -
in macroeconomics, labour economics, international trade and public finance.
Recent work concerns how globalization and the aging population challenge the ability of governments to foster both overall growth and increased equality
Books: 4 texts - ranging from Principles to Intermediate to Advanced - two single-authored, two co-authored (with Will Baumol/Alan Blinder - Princeton, and Greg Mankiw - Harvard).
There have been twenty-two editions of these four books.
3 edited monographs: Deficit Reduction: What Pain? What Gain? and Equality and Prosperity: Finding Common Ground (with Bill Robson (CD Howe)); Inflation and Unemployment: The Evolution of the Phillips Curve (with Richard Lipsey)
Recent Publications
Macroeconomics: The Development of Modern Methods for Policy Analysis, Edward Elgar Publishers, 2014 (Hardback: ISBN: 978 1 78195 387 7; Paperback: ISBN: 978 1 78195 388 4).
User Discretion Advised: Fiscal Consolidation and the Recovery, C.D. Howe Commentary No 412 (2014) http://www.cdhowe.org/pdf/Commentary_412.pdf
Macroeconomics: Sixth Canadian Edition (with Greg Mankiw and Jean-Paul Lam), Worth Publishers, 2020.
“Economic Policy” in The United States and Canada: How Two Democracies Differ, and Why It Matters, edited by Paul Quirk, Oxford University Press, Chapter 7, 173 - 195 (with William Keech) 2019.
“Investing in Health: A Macroeconomic Exploration of Short-Run and Long-Run Trade-Offs,” Atlantic Economic Journal Volume 46, Issue 1: 121-133, March 2018 (with Junying Zhao and Jerry Hurley).
Fiscal Policy After the Pandemic, C.D. Howe Intelligence Memo, October 2020, https://www.cdhowe.org/sites/default/files/IM-Scarth_2020-1027.pdf
“Distributional Implications of Unemployment-Reducing Policies,” Journal of Income Distribution 29, 1-2, March-June 2020 (with Thomas Moutos).
“Robots and the Taxation of Capital,” with Melanie Yin, 2020 (mimeo).
Where’s That Anchor, Minister? C.D. Howe Intelligence Memo, June 2021 https://www.cdhowe.org/sites/default/files/IM-Scarth_2021-0616.pdf
Does a Current Account Deficit Indicate Bad Economic Policy? in Debates in Monetary Macroeconomics: Tackling Some Unsettled Questions, edited by Steven Pressman and John Smithin, Palgrave Macmillan 2022, chapter 9, pages 173-191.
“The Conservatives and Carbon Pricing,” Institute for Research on Public Policy, Policy Options Politiques (April 2022), https://policyoptions.irpp.org/magazines/april-2022/the-conservatives-and-carbon-pricing/