Showing 1 - 10 of 83
The paper analyzes the macroeconomic implications of different systems of industrial relations. After reviewing the relevant literature, and analyzing cross-country evidence, the paper focuses on the experience of centralized bargaining characterizing Spain in the period 1979-86. The paper...
Persistent link: https://www.econbiz.de/10014395894
Nominal interest rate pegging leads to instability in an IS-LM model with a vertical long-run Phillips curve and backward-looking inflation expectations. However, it does not lead to instability in several large multicountry econometric models, apparently primarily because these models have...
Persistent link: https://www.econbiz.de/10014396137
A small macroeconomic model based on familiar theoretical considerations is developed and estimated using data from 31 developing countries. Efficient estimation techniques are used to control for country heterogeneity under the assumption of rational expectations. The estimates and the test...
Persistent link: https://www.econbiz.de/10014396265
The dynamic responses of a developing economy to a variety of policy and external shocks are studied using an empirical macroeconomic model which embodies rational expectations, perfect capital mobility, and import rationing. These features, which are relatively new in developing-country...
Persistent link: https://www.econbiz.de/10014396467
The issue of productivity growth in Canada has received considerable attention reflecting its marked slowdown since the … in Canada, it is useful to decompose total factor productivity (TFP) into investment-specific productivity change (ISP …) and technologically neutral productivity change (TNP). The gap in manufacturing productivity growth between Canada and the …
Persistent link: https://www.econbiz.de/10014402843
The paper presents Canada’s report on the Observance of Standards and Codes on the Financial Action Task Force (FATF …) recommendations for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT). Canada has strengthened its overall …
Persistent link: https://www.econbiz.de/10014404389
The spillovers from the U.S. economy to Canada have been assessed. It uses structural vector autoregressions to analyze … the role of financial linkages in real and financial spillovers from the United States to Canada. The implications of … Canada’s predictable price level have been analyzed. Innovative small and medium-size enterprises have significantly greater …
Persistent link: https://www.econbiz.de/10014406867
slowdown in large part has reflected the slowing in the United States economy, which has reduced growth in Canada’s exports and …
Persistent link: https://www.econbiz.de/10014406995
This paper documents two aspects of Canada’s regional diversity and compares the results with those across U.S. regions … the reduction in macroeconomic volatility in Canada after the introduction of inflation targeting is largely attributable …
Persistent link: https://www.econbiz.de/10014407045
This Selected Issues paper assesses the long-term fiscal position of Canada. Simulations based on current tax and …
Persistent link: https://www.econbiz.de/10014407120