Canada: Selected Issues
June 18, 1996
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This Selected Issues paper addresses some of the key policy and economic challenges facing the Canadian economy. The paper presents a new approach to predicting the business cycle in the context of the Canadian economy. This approach uses a range of parametric and nonparametric tests to gauge the ability of various indicators to predict turning points in the business cycle. The paper also presents a model that links the inflation rate to the business cycle and the rates of change in the exchange rate and in unit labor costs.
Subject: Balance of payments, Current account, Cyclical indicators, Disposable income, Economic growth, Financial services, Inflation, National accounts, Prices, Yield curve
Keywords: Asia and Pacific, Canada, Canada's ODA, Central and Eastern Europe, contribution rate, CR, Current account, Cyclical indicators, Disposable income, GDP ratio, Global, Inflation, inflation rate, ISCR, North America, ODA to developing countries, rate, saving rate, Yield curve
Pages:
168
Volume:
1996
DOI:
Issue:
038
Series:
Country Report No. 1996/038
Stock No:
1CANEA0011996
ISBN:
9781451806830
ISSN:
1934-7685
Notes
This report was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
