Previous studies on whether the nature of the exchange rate regime influences a country's medium-term growth performance have been based on a tripartite classiflcation scheme that distinguishes between pegged, intermediate and flexible exchange rate regimes. This classification scheme, however,...

To complement its existing set of tools to analyze and forecast developments in the global economy, the Bank of Canada recently developed a version of the Global Projection Model (GPM) jointly with staff at the International Monetary Fund. The GPM is a highly stylized quarterly projection model...