Canada: Selected Issues
IMF Staff Country Reports, February 25, 2008
Source details
- Canonical URL
- Canada: Selected Issues
Other formats
Bibliographic details
- Published: February 25, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451807066.002
Overview and Methodology
- Uses structural vector autoregressions to analyze the role of financial linkages in real and financial spillovers from the United States to Canada.
- Assesses spillovers from the U.S. economy to Canada.
Key Findings
- Spillovers:
- The report assesses spillovers from the U.S. economy to Canada using structural vector autoregressions.
- Financial linkages play a role in both real and financial spillovers from the United States to Canada.
- Price level and inflation:
- The implications of Canada’s predictable price level have been analyzed.
- Financing for innovative firms:
- Innovative small and medium-size enterprises have significantly greater difficulty in obtaining financing, reflecting reluctance by the banks to price risk.
- Labor markets:
- Canada has sufficiently flexible labor markets to absorb significant sectoral shocks without creating a high level of frictional unemployment.
Subjects and Keywords
- Subject:
- Banking, Financial sector policy and analysis, Inflation, Inflation targeting, Labor, Labor markets, Monetary policy, Mortgages, Prices, Spillovers
- Keywords:
- Business employment dynamics database, Canada, Canada dummy, central bank, CR, Global, growth shock, Inflation, Inflation targeting, interest rate, ISCR, Labor markets, merchandise export, productivity performance, real GDP, Spillovers, U.S. growth, United States result
Content in this bundle
- Canada: Selected Issues; IMF Country Report 08/70; January 16, 2008.