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Macroeconomic Policy in the Canadian Economy

  • Panos Afxentiou
  • Apostolos Serletis

Table of contents

  1. Front Matter
    Pages i-xii
  2. Long Run Growth

    1. Front Matter
      Pages 1-2
    2. Panos Afxentiou, Apostolos Serletis
      Pages 3-18
  3. Fiscal Policy

    1. Front Matter
      Pages 19-20
    2. Panos Afxentiou, Apostolos Serletis
      Pages 21-32
    3. Panos Afxentiou, Apostolos Serletis
      Pages 33-48
  4. Convergence

    1. Front Matter
      Pages 49-50
    2. Panos Afxentiou, Apostolos Serletis
      Pages 51-65
    3. Panos Afxentiou, Apostolos Serletis
      Pages 67-87
  5. Policy in the Open Economy

    1. Front Matter
      Pages 89-90
    2. Panos Afxentiou, Apostolos Serletis
      Pages 91-102
    3. Panos Afxentiou, Apostolos Serletis
      Pages 103-114
  6. Monetary Policy

    1. Front Matter
      Pages 115-116
    2. Panos Afxentiou, Apostolos Serletis
      Pages 117-142
    3. Panos Afxentiou, Apostolos Serletis
      Pages 143-154
  7. Elections and Policy Cycles

    1. Front Matter
      Pages 155-156
    2. Panos Afxentiou, Apostolos Serletis
      Pages 157-176
  8. Elections and Policy Cycles

    1. Panos Afxentiou, Apostolos Serletis
      Pages 177-181
  9. Back Matter
    Pages 177-208

About this book

Introduction

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.

Keywords

Economic Development development econometrics economic policy effectiveness fiscal policy monetary policy

Authors and affiliations

  • Panos Afxentiou
    • 1
  • Apostolos Serletis
    • 1
  1. 1.University of CalgaryCanada

Bibliographic information