This paper focuses on the theory and practice of Canadian monetary policy over 1975-81. The first section deals with the period prior to the advent of monetary gradualism. The question is whether or not the move to restraint in 1975 was warranted. The paper argues it was. The second section...

From 1967-1982, Canada's equalization program was based on a formula which ensured that all provinces had access to national average revenues per capita for a wide set of revenue sources. The Representative Tax System (RTS) formula was replaced in 1982 by a new Representative Average Standard...

This paper traces the concept of equalization from the BNA Act to the Constitution Act of 1982. Although Canada's first formal equalization program was not enacted until 1957, the is earlier precedent for programs which effective accomplish the same goal. The amendments to the formal program...