Canada: Selected Issues

International Monetary Fund

No 2004/060, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 85
Date: 2004-03-10
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Citations: View citations in EconPapers (2)

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