Canada : Selected Issues

1CANEA2006001 Image
Price:  $15.00

Release Date: © June, 2006
ISBN : 978-1-45180-700-4
Stock #: 1CANEA2006001
English
Stock Status: On back-order

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Description

This paper documents two aspects of Canada’s regional diversity and compares the results with those across U.S. regions. Although gradually converging, Canadian provinces exhibit a considerably diverse economic structure. The paper suggests that the reduction in macroeconomic volatility in Canada after the introduction of inflation targeting is largely attributable to the reaction of the private sector to the establishment of a credible monetary policy framework. Reduction in personal income taxation provides considerably larger efficiency gains than a reduction in the effective Goods and Services Tax (GST).

Taxonomy

Consumption , Economic development , Economic policy , Inflation , Monetary policy




More publications in this series: IMF Staff Country Reports