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Short-Run Monetary-Fiscal Influences in a Federal State: with Application to the Canadian Economy, 1947 to 1973

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  • Stanley L. Winer

    (Carleton University Ottawa, Canada)

Abstract

Whether nonfederal governments in a federal system act so as to stabilize or to destabilize the macroeconomy has been extensively explored. However, the analytically distinct question of what overall importance various jurisdictions have had in determining macroeconomic events has been neglected. In response to this gap, a simple approach to the investigation of monetary- fiscal influences in a federation is developed and applied .

Suggested Citation

  • Stanley L. Winer, 1979. "Short-Run Monetary-Fiscal Influences in a Federal State: with Application to the Canadian Economy, 1947 to 1973," Public Finance Review, , vol. 7(4), pages 395-424, October.
  • Handle: RePEc:sae:pubfin:v:7:y:1979:i:4:p:395-424
    DOI: 10.1177/109114217900700401
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    References listed on IDEAS

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    1. T. Russell Robinson, 1968. "Canada's Imports and Economic Stability," Canadian Journal of Economics, Canadian Economics Association, vol. 1(2), pages 401-428, May.
    2. Hansen, Bent, 1973. "On the Effects of Fiscal and Monetary Policy: A Taxonomic Discussion," American Economic Review, American Economic Association, vol. 63(4), pages 546-571, September.
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    7. Milton Friedman, 1971. "A Theoretical Framework for Monetary Analysis," NBER Books, National Bureau of Economic Research, Inc, number frie71-1, May.
    8. Snyder, Wayne W., 1973. "Are the budgets of state and local governments destabilizing? A six country comparison," European Economic Review, Elsevier, vol. 4(2), pages 197-213, June.
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    12. James A. Maxwell, 1952. "Public Works, Federal Grants, and the Business Cycle," NBER Chapters, in: Federal Grants and the Business Cycle, pages 72-112, National Bureau of Economic Research, Inc.
    13. de Grauwe, Paul, 1975. "The interaction of monetary policies in a group of European countries," Journal of International Economics, Elsevier, vol. 5(3), pages 207-228, August.
    14. Jack L. Carr & G. V. Jump & John A. Sawyer, 1976. "The Operation of the Canadian Economy under Fixed and Flexible Exchange Rates: Simulation Results from the TRACE Model," Canadian Journal of Economics, Canadian Economics Association, vol. 9(1), pages 102-120, February.
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    17. repec:fip:fedlrv:y:1969:i:november:p:5-24:n:v.51no.11 is not listed on IDEAS
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    Cited by:

    1. Stanley Winer, 1986. "Money and politics in a small open economy," Public Choice, Springer, vol. 51(2), pages 221-239, January.

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