The Impact Of The Global Crisis on Canada: What Do Macro-Financial Linkages Tell Us?

WP/10/5

The Impact Of The Global Crisis on Canada: What Do Macro-Financial Linkages Tell Us?
This paper builds a Bayesian VAR estimation model of growth for Canada, by focusing specifically on the role of external and domestic financial indicators, including credit conditions. A variance decomposition shows that financial conditions explain one-third of the total variability in Canada's real GDP growth, although changes in U.S. real GDP READ MORE...

Publication date: January 2010
ISBN 9781451961751
$18.00

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Publication date: January 2010

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Publication date: January 2010

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