Canada: Selected Issues
Volume/Issue:
Volume 2004
Issue 060
Publication date: March 2004
ISBN: 9781451806908
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Business and Economics , Inflation , Labor , Economics- Macroeconomics , Public Finance , ISCR , CR , saving rate , Canada , saving , personal saving , RRB yield , growth gap , Balassa-Samuelson effect , Pensions , Inflation , Labor productivity , Productivity , Retirement , Global , North America , Europe
Summary
This paper explores the factors that have led to a Canada-U.S. productivity gap using a sectoral growth accounting approach. Both fiscal and monetary policies have had significant effects on the saving rate. The Canadian dollar’s appreciation was followed by a protracted period of exchange rate weakness. This paper reviews the institutional aspects of Canada’s real return bond program. The Canadian system provides a successful model for pension reform. Free trade has helped promote the integration of U.S. and Canadian economies, but significant differences remain.
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