Monetary and Fiscal Policies in Canada: Some Interesting Principles for EMU?
Staff Working Papers from Bank of Canada
Choosing a well-designed framework for fiscal and monetary policies is a challenge for economic authorities. Although they have chosen the same objectives to promote economic growth—price stability and fiscal sustainability—the Canadian and European economic authorities have adopted different frameworks in which to attain them. The author examines some principles of the Canadian framework that have gained broad public support and provide a good degree of macroeconomic stabilization, and examines whether the European authorities might wish to consider adopting some of those principles.
Keywords: Monetary policy framework; Fiscal policy (search for similar items in EconPapers)
JEL-codes: E58 E61 E63 (search for similar items in EconPapers)
Pages: 43 pages
New Economics Papers: this item is included in nep-cba, nep-ifn, nep-mac and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bca:bocawp:04-28
Access Statistics for this paper
More papers in Staff Working Papers from Bank of Canada 234 Wellington Street, Ottawa, Ontario, K1A 0G9, Canada. Contact information at EDIRC.
Bibliographic data for series maintained by ().