The Implications of the FTA and NAFTA for Canada and Mexico Technical Report No. 70 William White This report highlights the possible implications of the Free Trade Agreement (FTA) and the North American Free Trade Agreement (NAFTA) for Canada and Mexico. While it is still early, the initial evidence indicates that these treaties are contributing to a continental process of industrial restructuring that will contribute to higher living standards over time. The […] Content Type(s): Staff research, Technical reports Topic(s): International topics JEL Code(s): F, F1, F13
Les sources des fluctuations des taux de change en Europe et leurs implications pour l'union monétaire Technical Report No. 66 Alain DeSerres, René Lalonde The objective of this paper is to provide an empirical evaluation of the degree of shock asymmetry between eight European countries that would form the core of a monetary union. Given that the relevant measure is the degree of real shock asymmetry, our approach is to use the observed movement in real exchange rates as […] Content Type(s): Staff research, Technical reports Topic(s): Exchange rates JEL Code(s): F, F1, F15, F3, F31
A VAR Analysis of Economic Interdependence: Canada, the United States, and the Rest of the World Technical Report No. 46 John Kuszczak, John Murray The authors use vector autoregression (VAR) modelling techniques to examine the response of the domestic economy to foreign influences and to quantify some of the concepts and relationships relating to economic interdependence. Particular attention is given to the dynamic behaviour and interactions of the U.S. and Canadian economies over the past twenty years. Extensive empirical […] Content Type(s): Staff research, Technical reports Topic(s): International topics JEL Code(s): F, F1, F15, F4, F41
An Econometric Model of the Steel Trade Technical Report No. 33 Richard Dion In this report, the author uses steel as a case study for an analysis at the industrial level of forces at work in the international economy that have had an important impact on recent Canadian economic performance. Prominent among those forces are cost competitiveness and aggregate demand in Canada and abroad. Content Type(s): Staff research, Technical reports Topic(s): Balance of payments and components, Economic models JEL Code(s): C, C5, C51, F, F1, F14