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Monetary and Fiscal Policies in Canada: Some Interesting Principles for EMU?

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  • Virginie Traclet
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    Abstract

    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.

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    Bibliographic Info

    Paper provided by Bank of Canada in its series Working Papers with number 04-28.

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    Length: 43 pages
    Date of creation: 2004
    Date of revision:
    Handle: RePEc:bca:bocawp:04-28

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    Phone: 613 782-8845
    Fax: 613 782-8874
    Web page: http://www.bank-banque-canada.ca/

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    Keywords: Monetary policy framework; Fiscal policy;

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    Cited by:
    1. Mariam Camarero & Josep Lluís Carrion-i-Silvestre & Cecilio Tamarit, 2014. "The relationship between debt level and fiscal sustainability in OECD countries," Working Papers 1402, Department of Applied Economics II, Universidad de Valencia.

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