European Parliament Library

Canada :, Selected Issues

Abstract
The spillovers from the U.S. economy to Canada have been assessed. It uses structural vector autoregressions to analyze the role of financial linkages in real and financial spillovers from the United States to Canada. The implications of Canada’s predictable price level have been analyzed. Innovative small and medium-size enterprises have significantly greater difficulty in obtaining financing, reflecting reluctance by the banks to price risk. Canada has sufficiently flexible labor markets to absorb significant sectoral shocks without creating a high level of frictional unemployment
Table Of Contents
Cover; Contents; Introduction; I. U.S. Spillovers to Canada; Figure 1. Spillovers to Canada from Major Regions; Figure 2. U.S. Shocks and Canadian Responses by Subsample; Figure 3. Decomposition of U.S. Spillovers to Canada; II. Real Implications of Financial Linkages Between Canada and the United States; Figure 1. Impulse response Functions to a one-percentage point shock; Figure 2. Decomposition of Impulse response of Canada's real GDP growth to a one- percentage point increase in U.S. interest rate; III. Why is Canada's Price Level so Predictable
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (21 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781462350483

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