Canada: Selected Issues

International Monetary Fund

No 2008/070, IMF Staff Country Reports from International Monetary Fund

Abstract: The spillovers from the U.S. economy to Canada have been assessed. It uses structural vector autoregressions to analyze the role of financial linkages in real and financial spillovers from the United States to Canada. The implications of Canada’s predictable price level have been analyzed. Innovative small and medium-size enterprises have significantly greater difficulty in obtaining financing, reflecting reluctance by the banks to price risk. Canada has sufficiently flexible labor markets to absorb significant sectoral shocks without creating a high level of frictional unemployment.

Keywords: ISCR; CR; Canada; interest rate; growth shock; U.S. growth; Business employment dynamics database; real GDP; Canada dummy; productivity performance; merchandise export; central bank; United States result; Spillovers; Inflation; Inflation targeting; Labor markets; Global (search for similar items in EconPapers)
Pages: 20
Date: 2008-02-25
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Citations: View citations in EconPapers (4)

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