This background paper was prepared for the Bank of Canada conference on the 2021 renewal of the inflation-control agreement between the Bank and the Government of Canada held online in August 2020. The first part of the paper focuses on the fact that the room for conventional monetary stimulus...

The economic success story of the 1990s has been Ireland, with GDP per capita nearly doubling over the decade. In this article Pierre Fortin from the Université du Québec à Montréal and the Canadian Institute for Advanced Research provides a detailed examination of the factors behind the...