Publications and Research

2004 conference

Canada in the Global Economy

Proceedings of a conference held by the Bank of Canada, November 2004

Introduction

Introduction (PDF)
Lawrence Schembri

Abstracts/Résumés (PDF)

Session 1:
Financial Market Linkages

The Expected Marginal Rate of Substitution in the United States and Canada (PDF)
Andrew K. Rose

Discussion:
Eric Santor

Is There a Quantity Puzzle Within Countries? An Application Using US and Canadian Data (PDF)
Jean Imbs

Discussion:
Linda Goldberg

General Discussion

Session 2:
Exchange Rate Determination in a Global Setting

Multilateral Adjustment and the Canadian Dollar (PDF)
Jeannine Bailliu, Ali Dib, and Lawrence Schembri

Discussion:
Paul Masson

NEMO: An Equation for the Canadian Dollar (PDF)
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 (PDF)
Hafedh Bouakez and Takashi Kano

Discussion:
Gregor Smith

The Current Account and the Interest Rate Differential in Canada (PDF)
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 (PDF)
Brigitte Desroches, Michael Francis, and François Painchaud

Discussion:
Steven Kamin

Economic Integration in Europe: Its Effects on Canada (PDF)
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 (PDF)
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 (PDF)
Marc-André Gosselin, René Lalonde, Jean-François Perrault, and Gerald Stuber

Discussion:
Tamin Bayoumi

Aspects of Canadian and US Business Cycles (PDF)
Graham Voss

Discussion:
Jean-François Perrault

Economic Integration, the Business Cycle, and Productivity in North America (PDF)
Roberto Cardarelli and M. Ayhan Kose

Discussion:
Eva Ortega

General Discussion

Policy Panel: (PDF)
Canada's Role in International Macroeconomic Policy

Discussion 1:
Mark Carney

Discussion 2:
John F. Helliwell

Discussion 3:
William R. White

The Participants (PDF)

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