How far to go – and to remain – in the direction of highly expansionary monetary policy hinges on the balance of marginal benefits and costs of additional monetary easing and its expected evolution over time. This paper sketches a framework for assessing this balance and applies it to four...

In this paper we revisit the Canadian experience with floating exchange rates since 1950. Canada was a pioneer in successfully adopting a floating exchange rate during the Bretton Woods pegged exchange rate regime. Since then, most advanced countries have followed the Canadian example

Discussing the economics of entrepreneurship, this book views that it should establish a framework of analysis that integrates the understanding of the determinants and the effects of entrepreneurship and innovation without neglecting the functioning of the inducement mechanisms. For this...