Northern Star: Canada's Path to Economic Prosperity

By Vladimir Klyuev, Martin Mühleisen, Tamim Bayoumi

October 26, 2007

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Vladimir Klyuev, Martin Mühleisen, and Tamim Bayoumi. Northern Star: Canada's Path to Economic Prosperity, (USA: International Monetary Fund, 2007) accessed December 25, 2024

Summary

Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these policies and the economy's salient features, including its close trade integration with the United States, large commodity sector, and substantial decentralization and regional diversity. It outlines what is unique about the Canadian experience and sheds light on policies and philosophies that can be fruitfully applied in other economies.

Subject: Banking, Budget planning and preparation, Expenditure, Labor, Labor productivity, Macroeconomic and fiscal forecasts, Pensions, Production, Public financial management (PFM), Revenue administration

Keywords: Australia and New Zealand, Bank asset, Budget planning and preparation, Caribbean, Europe, Global, Growth gap, H IT PC, Labor productivity, Macroeconomic and fiscal forecasts, Monetary policy, North America, OP, Pensions, Period Phillips curve, Phillips curve, Productivity gap, Risk profile

Publication Details

Pages:

148
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 2007/007
Stock No:

S258EA
ISBN:

9781589066144
ISSN:

0251-6365

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