Canada: Selected Issues

International Monetary Fund

No 1996/038, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper addresses some of the key policy and economic challenges facing the Canadian economy. The paper presents a new approach to predicting the business cycle in the context of the Canadian economy. This approach uses a range of parametric and nonparametric tests to gauge the ability of various indicators to predict turning points in the business cycle. The paper also presents a model that links the inflation rate to the business cycle and the rates of change in the exchange rate and in unit labor costs.

Keywords: ISCR; CR; saving rate; Canada; inflation rate; rate; contribution rate; Canada's ODA; ODA to developing countries; GDP ratio; Cyclical indicators; Yield curve; Inflation; Disposable income; Current account; Central and Eastern Europe; Global; North America; Asia and Pacific (search for similar items in EconPapers)
Pages: 168
Date: 1996-06-18
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