During its recent battle against inflation from 1988 to the present, the Bank of Canada has been accused of all the evils that plagued the Canadian economy: high dollar and interest rates, recession, and slow recovery. The purpose of this paper is to analyse the action taken by the Bank during...

The purpose of this paper is to investigate whether the checklist approach that the Bank of Canada has followed in one way or another over the last two decades is likely to lead us to the stated objective of price stability. The analysis of Canadian monetary policy is performed through the...

Canadian economists have devoted some attention to the study of regional cycles. In the Quebec-Ontario case, the "wid ening" hypothesis has emerged as the empirical consensus: this hypot hesis states that the gap between the two regional economies increase s in a recessionary period. This paper...