We assess the extent to which fiscal transfers smooth regional shocks in three large federations: the U.S., Canada, and …

mechanisms in Canada and the United States and also examines the effects of the unemployment insurance (UI) system on labor … wage responses in Canada relative to the United States. Although overall UI generosity has increased aggregate unemployment … persistence in Canada, the endogenous component of UI has affected unemployment persistence only marginally. The lower degree of …

This paper documents the extent of financial linkages between Canada and the United States and explores the impact of … changes in U.S. financial conditions on financial conditions and real economic activity in Canada. It shows that close to a … autoregressions establishes that a tightening in U.S. financial conditions has significant implications for real activity in Canada …

This paper assesses productivity trends in Canada vis-a-vis the United States from two perspectives. The first one is … underlying cause of the pickup in productivity in Canada and the narrowing of the productivity gap with the United States …

effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and …

37 cities across the United States and Canada using quarterly data from 1983 to 2018. This paper finds that downside … risks to housing markets in the United States have seemingly fallen over the past decade, while having increased in Canada …