In this article, the author proposes to focus on two related questions: Does the Economic Council's analysis suggest major theoretical errors in—or perhaps major theoretical challenges to—received doctrine on the nature of the impact of a unilateral removal of Canadian barriers to...

In this paper, the authors construct historical data series beginning in 1871 for Canadian M1, M2, and monetary base. The new series are at a monthly frequency and use the Bank of Canada's definition of the monetary aggregates. Institutional and reporting changes, however, make perfect backwards...