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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 … argues that the elimination of the deficit has reduced risk premia and allowed the Bank of Canada to bring interest rates …
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In this chapter, Jim Stanford agrees that measures were needed to eliminate the deficit. But he argues that Paul Martin's program spending cuts were larger than necessary and caused real pain in many areas of Canadian life. He shows that a strategy in which program spending was frozen in nominal...
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Standards, contains seven articles on a range of topics: policies to improve productivity growth in Canada; the causes of lower … information and communications technology investment in Canada relative to the United States; the impact of fiscal policy on …
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