By the time of Confederation Ontario’s economic lead over Quebec had been well established. John McCallum shows that the origins of this lead had little to do with the conservatism of the habitants and the church in Quebec, little to do with any anti-industrial bias of the Montreal merchants,...

In descending order of robustness and strength, the four major conclusions are: (i) the experience of industrial countries in the postwar period indicates that a large welfare state has been associated with a high rate of economic growth; (ii) the Olson thesis that powerful special interest...

Assuming that actual monetary policy is nonaccommodating in the face of po sitive wage or price shocks, this paper compares the case where the p ublic is aware that policy is nonaccommodating (the "credible" case ) with the case where the public believes that policy will be accommo dating (the...