European Parliament Library

Northern Star :, Canada's Path to Economic Prosperity, Vladimir Klyuev, Martin Mühleisen, Tamim Bayoumi

Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these policies and the economy's salient features, including its close trade integration with the United States, large commodity sector, and substantial decentralization and regional diversity. It outlines what is unique about the Canadian experience and sheds light on policies and philosophies that can be fruitfully applied in other economies
Table Of Contents
Cover; Contents; Preface; Abbreviations; Introduction; Part I. Macroeconomic Environment; I. Factoring in Canadian Cycles; Dynamic Factor Analysis; Canadian-U.S. Economic Interactions; Tables; 1.1. Variance Decompositions for the United States from a Factor Model; 1.2. Variance Decompositions for Canada from a Factor Model; Figures; 1.1. "Oil Factor" and Comovements in Selected Series; 1.2. "Real Foreign Factor" and Comovements in Selected Series; Robustness Checks; 1.3. "Exchange Rate Factor" and Comovements in Selected Series; 1.4. "Real Domestic Factor" and Comovements in Canadian GDP
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (148 p.)
Specific Material Designation
Form Of Item

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