This paper examines some implications for Ontario of the increases in domestic energy prices, especially oil prices, that are expected to occur in the 1980s. We argue some reallocation of economic activity away from Ontario towards Alberta is called for, but is quite small. It is likely there will be large net migration from Ontario to Alberta. We also argue against using inflationary monetary policy since this cannot eliminate the need for a real appreciation, and might well detract from other measures which would facilitate the real, microeconomic adjustments that are required.
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Paper provided by Queen's University, Department of Economics in its series Working Papers with number
402.