Macroeconomic Policy in the Canadian Economy investigates
developments in Canada over the last forty years, using recent
advances in the field of applied econometrics. In particular, the
book analyzes the theoretical foundations of public sector
activities and evaluates the several theories of government growth.
Issues of convergence are also investigated as they manifest
themselves in per capita income across Canadian provinces, and as
to how successful government income equalization policies have been
in furthering such convergence. Moreover, the openness of the
Canadian economy is investigated in terms of the importance of
exports on GDP growth and of its participation in the world of an
internationally integrated capital market.
The book also analyzes monetary policy issues and investigates
the role of monetary aggregates and the effectiveness of monetary
policy. Finally, it addresses the issue of the existence or not of
electoral and partisan cycles in Canada, by incorporating both
fiscal and monetary principles and applying them to the lively
world of Canadian politics.
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