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The author examines the global impact of U.S. fiscal policy using the Bank of Canada's Global Economy Model (Lalonde … that the expiration of previously enacted tax cuts in the United States will impose short-run costs on the U.S. economy …
Persistent link: https://www.econbiz.de/10005808268
The authors' purpose in this paper is to isolate the respective contributions of budgetary and monetary policy in Canada and the United States to the behaviour of unemployment rates in the two countries. Their method consists of estimating VAR models and using long-term identification...
Persistent link: https://www.econbiz.de/10005162454