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 …

in Canada, Fortin lays the blame for the inferior economic performance of the Canadian economy relative to the U ….S. economy squarely on the back of the Bank of Canada, and dismisses structural explanations of the recession as lacking an …

links between monetary policy and the economic well-being of Canadians. The Bank of Canada economists do admit that tight …

particularly important measurement problems, namely the estimation of real output in the non-market sector where output is not … measured independently of inputs and the estimation of price indices (which are needed to calculate real output) for products …; the decline in Canada's relative international productivity ranking; and the widening of the Canada-US manufacturing …

Productivity research is Canada has traditionally focused on narrow economic issues. In our view, it has given … Economic Performance and Social Progress is to attempt to fill, at least in part, the lacuna in the literature in Canada on … trends in Canada and OECD countries. The two papers in the second section examine the impact productivity has on government …