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Northern Star: Canada's Path to Economic Prosperity

Author

Listed:
  • Mr. Vladimir Klyuev
  • Mr. Martin Mühleisen
  • Mr. Tamim Bayoumi

Abstract

Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses -- it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies, as well as to a favorable external environment. This book focuses on these policies and the economy's salient features, including its close trade integration with the United States, large commodity sector, and substantial decentralization and regional diversity. It outlines what is unique about the Canadian experience and sheds light on policies and philosophies that can be fruitfully applied in other economies.

Suggested Citation

  • Mr. Vladimir Klyuev & Mr. Martin Mühleisen & Mr. Tamim Bayoumi, 2007. "Northern Star: Canada's Path to Economic Prosperity," IMF Occasional Papers 2007/007, International Monetary Fund.
    • Handle: RePEc:imf:imfops:2007/007
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=20004
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    Citations

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    Cited by:

    1. Justiniano, Alejandro & Preston, Bruce, 2010. "Can structural small open-economy models account for the influence of foreign disturbances?," Journal of International Economics, Elsevier, vol. 81(1), pages 61-74, May.
    2. Mr. Ravi Balakrishnan, 2008. "Canadian Firm and Job Dynamics," IMF Working Papers 2008/031, International Monetary Fund.

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