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In this chapter, Don Drummond makes the case that with large deficits there was little room for the Bank of Canada to reduce interest rates to stimulate the economy and generate revenues. It was imperative that the deficit be eliminated. Tax rates were already high so the government had no...
Persistent link: https://www.econbiz.de/10005157589
In this chapter, Pierre Fortin provides a critique of the conduct of Canadian monetary policy in the 1990s, a critique 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...
Persistent link: https://www.econbiz.de/10005157590
In this chapter, Paul Jenkins and Brian O'Reilly survey the monetary policy developments in the 1990s, focusing on links between monetary policy and the economic well-being of Canadians. The Bank of Canada economists do admit that tight monetary policy in the early 1990s hurt growth in the...
Persistent link: https://www.econbiz.de/10005481816
be likely to contribute to productivity growth in British Columbia: the underutilization of the skills of recent …
Persistent link: https://www.econbiz.de/10009292078
concerned with productivity and competitiveness issues. Not surprisingly, formal education is the preferred and most … causal impact on productivity, as well as a more nuanced approach to policy in this area. In this chapter, Arthur Sweetman … the impact of education on earnings at the individual level and on productivity at the macroeconomic level, and on issues …
Persistent link: https://www.econbiz.de/10005481812
the crucial, but often ignored, role of productivity in the maintenance of natural capital sustainability. Olewiler …
Persistent link: https://www.econbiz.de/10005481813
In this chapter by Janice Stein warns about the dangers of adopting a narrow conception of productivity and efficiency … efficiency or productivity of a public service requires a measurement of the value or utility generated by the service. However … ironically undermined the effectiveness and productivity of the public and voluntary sectors. She illustrates the perverse …
Persistent link: https://www.econbiz.de/10005481814
In this chapter, Tony Fisher and Doug Hostland provide an historical perspective on trends in labour productivity …
Persistent link: https://www.econbiz.de/10005481819
In this chapter, Graves and Jenkins explore the attitudes of Canadians to productivity. The distinction between our … Graves and Jenkins data is relatively aware of the terms of the productivity debate. Canadians appear to have a broadly … optimistic view of the economy, but give the country only a lukewarm overall rating of its productivity. Moreover, although …
Persistent link: https://www.econbiz.de/10005481820
cent of that in Ontario in 1960 to 86 per cent in 1999. He decomposes this change into three sources: productivity …
Persistent link: https://www.econbiz.de/10005481825