This eighth issue of the International Productivity Monitor produced by the Centre for the Study of Living Standards contains eight articles. Topics covered are: a progress report on endogenous growth theory; recent productivity developments in Canada and the United States; monetary policy in...

The banking markets of USA and Canada have gone through the Global Financial Crisis (GFC) and many other changes during the period 2003-15. The USA banking market was impacted by the Global Financial Crisis (GFC), and several mergers occurred, while the extent of the GFC's impact on Canada was...

In this paper, we examine the issue of the incidence of central government budgets in federal countries. In Section 1, we discuss a number of reasons why the picture painted of reality by even the best fiscal flow analysis is inevitably partial and hence inherently flawed to an unknowable...

The market for cryptoassets has exploded in size in the 10 years since bitcoin was launched. The technology underlying cryptoassets, blockchain, has also been held up as a technology that promises to transform entire industries. In this paper we examine what is new about cryptoassets and their...

This is the introductory essay for the Economics of Federalism, a book edited by the authors and forthcoming in Edward Elgar Publishing's ECONOMIC APPROACHES TO LAW series. This essay discusses the major issues and theories concerning federal political systems, which we define as systems that...

The case for decentralizing taxes does not imply that these taxes need to be administered locally. Nor is it is necessarily constrained by the weakness of local tax administration. Tax decentralization and the decentralization of tax administration are related but separable decisions. As...

The article briefly reports on the funding of Canadian peacekeeping activities and outlines the shift toward peacekeeping operations in Canadian defense activity and expenditure since 1989. It then analyzes equipment deployed or readied in support of deployment overseas, especially with regard...