Klassen, Theodore - In: European journal of economics and economic policies : … 21 (2024) 1, pp. 73-89
This paper examines the emergence of private debt-led growth in Canada since the Global Financial Crisis (GFC) by means … export-led growth regime in the early 1990s, a shift to a 'falling' weakly export-led regime by 2001, and a turn to a debt …-price competitiveness. Instead, the post-GFC combination of low real interest rates, which encouraged the accumulation of private debt and …