O40 - General

• November 19, 2015

  Is Slower Growth the New Normal in Advanced Economies?

  Bank of Canada Review - Autumn 2015 Abeer Reza, Subrata Sarker

  This article reviews and examines some of the main explanations for the slow growth that many advanced economies continue to experience seven years after the 2007–09 global financial crisis. Does this muted recovery reflect just a prolonged cycle in the aftermath of a financial crisis? Is it due to a structural inadequacy of demand leading to a long-lasting liquidity trap? Or is it largely supply side in nature, reflecting demographic and technological factors?

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): International topics, Potential output, Recent economic and financial developments JEL Code(s): F, F0, F01, F4, F43, O, O4, O40

• Understanding Productivity: A Review of Recent Technical Research

  Staff Discussion Paper 2008-3 Richard Dion, Robert Fay

  The authors provide an extensive review of the rapidly expanding research on productivity, both at the macro and micro levels. They focus primarily on papers written about Canada, but also draw on selected studies from other countries, especially the United States, where such work sheds important light on particular aspects of productivity growth. The authors […]

  Content Type(s): Staff research, Staff discussion papers Topic(s): Productivity JEL Code(s): D, D2, D24, O, O3, O31, O4, O40, O47

• La fonction de production et les données canadiennes

  Staff Working Paper 2005-20 Patrick Perrier

  This study has two aspects. First, the author examines the theoretical properties of the constant elasticity of substitution (CES) production function and the implications of this formulation for the properties of a structural macroeconomic model.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models JEL Code(s): D, D2, D24, E, E2, E23, O, O4, O40

• Contraintes de liquidité et capital humain dans une petite économie ouverte

  Staff Working Paper 2004-13 Florian Pelgrin

  In an overlapping-generations model that represents a small open economy, where agents live two periods, liquidity constraints lead to low economic development when the only accumulable factor is human capital.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models JEL Code(s): I, I2, I20, O, O4, O40

• Does Exchange Rate Policy Matter for Growth?

  Staff Working Paper 2002-17 Jeannine Bailliu, Robert Lafrance, Jean-François Perrault

  Previous studies on whether the nature of the exchange rate regime influences a country's medium-term growth performance have been based on a tripartite classification scheme that distinguishes between pegged, intermediate, and flexible exchange rate regimes.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rate regimes, Exchange rates, Monetary policy framework JEL Code(s): F, F3, F31, F33, F4, F43, O, O4, O40