E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment
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The NAIRU in Canada: Concepts, Determinants and Estimates
An important question that faces macroeconomic policy makers is whether the economy can absorb increases in aggregate demand without generating inflationary pressures. Many economists have found it useful to approach this issue by asking whether the economy is operating at a rate of unemployment consistent with inflation neither accelerating nor decelerating, all else being equal. […] -
The Investment Supply Response of Traded-Goods Industries
In this paper, the author uses neoclassical investment equations to examine investment behaviour in four groups of Canadian industries: export-oriented, import-competing, two- way-trade, and low-trade.
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