Macroeconomic Policy in the Canadian Economy

Softcover Nachdruck of the original 1. Auflage 2002
ISBN: 978-1-4613-5353-9
Verlag: Springer US

Buch, Englisch, 208 Seiten, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 347 g

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.

Zielgruppe

Research

Autoren/Hrsg.

Serletis, Apostolos

Afxentiou, Panos

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Ökonometrie

Inhaltsverzeichnis

1 Long Run Growth.- 1. Canadian Economic Development.- 2 Fiscal Policy.- 2. Government Functions and Policies.- 3. Testing Wagner’s Law.- 3 Convergence.- 4. Convergence in GDP.- 5. Convergence in Government Spending.- 4 Policy in the Open Economy.- 6. The Role of Exports.- 7. Saving, Investment, and Capital Flows.- 5 Monetary Policy.- 8. Monetary Aggregates and Monetary Policy.- 9. Common and Codependent Cycles.- 6 Elections and Policy Cycles.- 10. Electoral and Partisan Cycle Regularities.- Conclusions and Epilogue.- References.- Author Index.- Topic Index.