We survey the recent experiences of three industrial countries -- New Zealand, Canada, and the United Kingdom -- that … tended to exceed long-term targets throughout the first several years of targeting. For New Zealand and Canada, survey data …

any precision. This paper offers the first analysis ofthat role using data since 1890 for Canada, Japan, and the United …

attention to the effect of the U.S.-Canada free trade agreement on market integration. Our conclusions are unchanged: markets in … the U.S. and Canada are more segmented than can be explained by the physical distance between the two locations. Formal …

This paper investigates the response of hours worked to a permanent technology shock. Based on annual data from Canada …

when measuring productivity. Correcting these two measurement errors restores to Glick and Rogoff's conclusion its original …

empirically, as global shocks account for roughly fifty percent of the overall variance of productivity. An apparent puzzle …, however, is that the current account seems to respond by much less than investment to country-specific productivity shocks …-specific productivity; in general, the current account response is more sensitive than is the investment response. Our results thus support …

This paper investigates the impact of globalization on productivity growth and the procyclicality of productivity … in international demand affect productivity growth differently from changes in exposure to international competition. An … increase in foreign demand for U.S. exports raises trend productivity growth, but to a lesser degree than does a similar demand …