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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
considers the public's understanding of the relationship between economic and social well-being, and the linkages between the …
Persistent link: https://www.econbiz.de/10005157591
links between monetary policy and the economic well-being of Canadians. The Bank of Canada economists do admit that tight …
Persistent link: https://www.econbiz.de/10005481816
survey of the literature on the impact of social capital on both the economy or economic performance and well-being. This … surveys the literature on subjective well-being, pointing out that unemployment lowers subjective well-being by more than the …
Persistent link: https://www.econbiz.de/10005481817
In this chapter, Lars Osberg has the daunting task of examining the conceptual issues involved in defining and measuring social progress. As he highlights in his introduction, while much had been made of the fact that Canada in 2000 earned first place in the United Nations' Human Development...
Persistent link: https://www.econbiz.de/10005481818
In this chapter, Tony Fisher and Doug Hostland provide an historical perspective on trends in labour productivity, labour income and living standards in Canada. They find that, once the appropriate adjustments are made, the labour share and the non-labour share (composed of profits, interest and...
Persistent link: https://www.econbiz.de/10005481819
In this chapter, Lars Osberg and Andrew Sharpe provide an overview of trends in a number of dimensions of economic well-being … (consumption flows, stocks of wealth, income equality, and economic security) from the lens of the Index of Economic Well-being, a … new composite measure of economic well-being developed by the Centre for the Study of Living Standards. Osberg and Sharpe …
Persistent link: https://www.econbiz.de/10005650207
In this chapter, Andrew Sharpe provides a comprehensive non-technical introduction to the productivity issue, including discussion of productivity concepts, measurement issues, trends and prospects. He begins by noting that productivity is the relationship between the output of goods and...
Persistent link: https://www.econbiz.de/10005650208
Productivity research is Canada has traditionally focused on narrow economic issues. In our view, it has given inadequate attention to the broader ramifications of productivity, both in terms of shedding light on the importance of productivity for the advancement of various aspects of social...
Persistent link: https://www.econbiz.de/10005518911