In this paper, following recent politico-institutional approaches to the theory of economic policy, the authors present a methodology for identifying political-cycle regularities and test for electoral and partisan cycles in Canadian target variables and (monetary and fiscal) policy instruments...

We estimate the dynamic Fourier expenditure system to obtain consistent estimates of short-run and long-run Morishima elasticities of substitution for Canadian liquid assets. We argue that the variability of the estimated elasticities and evidence of less than perfect substitution between...

This paper shows that the conclusions of time-series analyses of the long-run properties of the one-factor neoclassical stochastic growth model under uncertainty are robust with regard to alternative ways of handling government expenditures. In particular, when annual Canadian data from 1946 to...

This paper examines the time-series properties of Canadian real output for the years 1870 to 1985. In doing so, tests for unit roots in the univariate time-series representation of the series are performed. The testing procedures are based on recent work by Pierre Perron (1989) and allow for...