Canada in the Global Economy
Introduction
Introduction
Lawrence Schembri
Session 1: Financial Market Linkages
The Expected Marginal Rate of Substitution in the United States and Canada
Andrew K. Rose
Discussion: Eric Santor
Is There a Quantity Puzzle Within Countries? An Application Using US and Canadian Data
Jean Imbs
Discussion: Linda Goldberg
General Discussion
Session 2: Exchange Rate Determination in a Global Setting
Multilateral Adjustment and the Canadian Dollar
Jeannine Bailliu, Ali Dib, and Lawrence Schembri
Discussion: Paul Masson
NEMO: An Equation for the Canadian Dollar
John F. Helliwell, Ramzi Issa, Robert Lafrance, and Qiao Zhang
Discussion: Rebecca Driver
General Discussion
Session 3: Current Account Dynamics
Terms of Trade and Current Account Fluctuations: Evidence from Canada
Hafedh Bouakez and Takashi Kano
Discussion: Gregor Smith
The Current Account and the Interest Rate Differential in Canada
Martin Boileau and Michel Normandin
Discussion: Talan B. Iscan
General Discussion
Session 4: Real Linkages: Canada and the Rest of the World
Growth and Integration: The Emergence of China and India and the Implications for Canada
Brigitte Desroches, Michael Francis, and François Painchaud
Discussion: Steven Kamin
Economic Integration in Europe: Its Effects on Canada
Richard Cameron, Denise Côté, and Christopher Graham
Discussion: Marcel Fratzscher
General Discussion
John Kuszczak Memorial Lecture
Canada’s Exchange Rate: New Evidence, a Simple Model, and Policy Implications
Charles Engel
General Discussion
Session 5: Real Linkages: Canada and the United States
Regional and Industrial Business Cycle Fluctuations in Canada: A North American Perspective
Marc-André Gosselin, René Lalonde, Jean-François Perrault, and Gerald Stuber
Discussion: Tamin Bayoumi
Aspects of Canadian and US Business Cycles
Graham Voss
Discussion: Jean-François Perrault
Economic Integration, the Business Cycle, and Productivity in North America
Roberto Cardarelli and M. Ayhan Kose
Discussion: Eva Ortega
General Discussion
Policy Panel: Canada's Role in International Macroeconomic Policy
Discussion 1: Mark Carney
Discussion 2: John F. Helliwell
Discussion 3: William R. White
Bank topic index: Balance of payments and components, Business fluctuations and cycles, Development economics, Exchange rates, Financial markets, Interest rates, International topics, Market structure and pricing, Productivity