In this chapter, Don Drummond makes the case that with large deficits there was little room for the Bank of Canada to … argues that the elimination of the deficit has reduced risk premia and allowed the Bank of Canada to bring interest rates …

.S. economy squarely on the back of the Bank of Canada, and dismisses structural explanations of the recession as lacking an … that he developed throughout the decade. While not denying that the US economic slowdown in the early 1990s reduced growth … in Canada, Fortin lays the blame for the inferior economic performance of the Canadian economy relative to the U …

Productivity research is Canada has traditionally focused on narrow economic issues. In our view, it has given … running from social conditions and factors to productivity growth. <p> The objective of the second issue of the Review of … Economic Performance and Social Progress is to attempt to fill, at least in part, the lacuna in the literature in Canada on …

to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … paper presents a counter-example in the activities of the Bank of Canada during the period 1935–75, when, working with the … government, it engaged in significant direct or indirect monetary financing to support fiscal expansion, economic growth, and …

to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models … paper presents a counter-example in the activities of the Bank of Canada during the period 1935-75, when, working with the … government, it engaged in significant direct or indirect monetary financing to support fiscal expansion, economic growth, and …

adamant about preventing a rise in inflation? The large fiscal imbalance brings about inflationary pressures, triggering a … spiral of higher inflation, output contraction, and further debt accumulation. A coordinated commitment to inflate away the … portion of debt resulting from a large recession leads to better macroeconomic outcomes by separating the issue of long …

linking interest rates to forecasts of future inflation. Such rules have been found to give rise to aggregate fluctuations due … properties of interest-rate rules whereby the central bank responds to a measure of past inflation. The consensus view that has … inflation are likely to ensure global stability provided that the coefficient on lagged interest rates is greater than unity …

The living standards in Canada, defined as real GDP per capita, declined relative to those in the United States in the … living standards. Sharpe first examines trends in and determinants of living standards in Canada. He finds that over the 1946 …-2001 period productivity growth accounted for all the growth in living standards. Large declines in average hours worked reduced …

necessary during the pandemic. The prolonged money expansion contributed to fuel inflation during the post-recession rebound …