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Canada: Selected Issues

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  • International Monetary Fund

Abstract

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).

Suggested Citation

  • International Monetary Fund, 2006. "Canada: Selected Issues," IMF Staff Country Reports 2006/229, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2006/229
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=19354
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    as
    1. Maximilian Baylor & Louis Beauséjour, "undated". "Taxation and Economic Efficiency: Results from a Canadian CGE Model," Working Papers-Department of Finance Canada 2004-10, Department of Finance Canada.
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    Cited by:

    1. Rocco Huang & Mr. Lev Ratnovski, 2009. "Why Are Canadian Banks More Resilient?," IMF Working Papers 2009/152, International Monetary Fund.
    2. Mr. Dennis P Botman & David Rose & Mr. Douglas Laxton & Mr. Philippe D Karam, 2007. "DSGE Modeling at the Fund: Applications and Further Developments," IMF Working Papers 2007/200, International Monetary Fund.

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