1. Macroeconomics - Supply & Demand
... to "spend the surpluses," renewed calls that monetary policy will need to be adjusted to fiscal policy changes represent a replay of monetary/fiscal policy mix framework that has led to macroeconomics policy mistakes in the pas and, if pursued, could again unhinge the foundations for sustained healthy economic expansion. A Flawed Framework- the monetary policy should be adjusted to fiscal policy ... , or simulative? How do we evaluate the 1993 assessment of fiscal thrust in light of the upward estimate of potential growth? These uncertainties form an unreliable foundation for conducting m...
... as that eventful year unfolded, increasing signs of economic weakness began to appear. Unemployment went up to 25 percent and the Real Gross Development Product (GDP) declined at 29 percent. (Macroeconomics, pg 376) Prior to the stock market crash, the nation was relishing in a state of jubilation. Confidence levels were elevated and the stock market was up. Everybody seemed to be ... ...
Over the last 40 years, Canada and the United States have had quite similar performance in terms of productivity growth. These more or less similar rates of productivity growth have taken place despite differences in industry structure, trade orientation, and major social programs. However, in the 1990s, while productivity growth continued to be similar, the Canadian economy did significantly worse than the United States in terms of growth of GDP per capita. Much stronger employment growth in the United States is the most important reason for the deterioration in Canadian performance with rega...