An Econometric Model of Canada Under the Fluctuating Exchange Rate
An Econometric Model of Canada Under the Fluctuating Exchange Rate

Author: Lawrence H. Officer

Publisher: Harvard University Press

Published: 1968

Total Pages: 340

ISBN-13: 9780674225008

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Between September 30, 1950, and May 2, 1962, the value of the Canadian dollar was allowed to fluctuate. This situation, in conjunction with an abundance of Canadian quantitative data, provided Lawrence Officer with a unique opportunity to test theories concerning an economy under the influence of a fluctuating exchange rate. In order to explain the fluctuations that occurred, Mr. Officer set up a model of Canada's economy for the relevant time period. In contrast to conventional models, the exchange rate is the key variable in the system and the foreign sector receives particular attention because of its primary role in determining the exchange rate.

The TRACE Econometric Model of the Canadian Economy
The TRACE Econometric Model of the Canadian Economy

Author: Nanda K. Choudhry

Publisher: University of Toronto Press

Published: 1972-12-15

Total Pages: 271

ISBN-13: 144265466X

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The TRACE (Toronto annual Canadian econometric) model is an annual, non-linear econometric model of the Canadian economy designed primarily to forecast the statistics which appear in the principal tables of the Canadian National Income and Expenditure Accounts. TRACE is the first Canadian econometric model from which a published ex ante forecast has been made. In this book the authors describe the model and a high-speed computer. They show how the effects of alternative combinations of federal government policies can be examined by producing sets of conditional forecasts from the model. Both impact and long-run multiplier effects of changes in fiscal and monetary policy are derived from simulation experiments performed with the model. The results show the different effects that are obtained under régimes of fixed and floating foreign exchange rates. The book presents the economic theory underlying the model and provides information on estimates of the structural parameters of the Canadian economy. It will be of interest to those engaged in economic forecasting and policy analysis, as well as those studying macro-economic theory and econometric methods.

Capital Transfers and Economic Policy: Canada, 1951-1962
Capital Transfers and Economic Policy: Canada, 1951-1962

Author: Richard E. Caves

Publisher: Harvard University Press

Published: 1971

Total Pages: 460

ISBN-13: 9780674094857

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Between 1951 and 1962 nearly ten billion dollars in long-term capital (both direct investment and purchase of securities) flowed into Canada. This massive amount represented one third of all long-term capital moving among industrial nations. Its transfer marked the first time since before World War I that the world witnessed such a large-scale international movement of capital motivated primarily by a prospect of higher rates of return. In Capital Transfers and Economic Policy the authors test the theory of the causes and effects of international capital movements against the evidence drawn from Canada's experience. They explore Canada's adjustment to capital flows and show how the operation of her economic policy is affected by the sensitivity of capital flows to the country's interest rates and foreign-exchange rate. Their brilliant analysis is particularly valuable in light of current trends in capital flows among industrial nations and the June 1970 return of the Canadian dollar to a flexible exchange rate, which put the economy in a working situation similar to that of the fifties.

Canadian Economic Forecasting
Canadian Economic Forecasting

Author: Mervin A. Daub

Publisher: McGill-Queen's Press - MQUP

Published: 1987

Total Pages: 260

ISBN-13: 9780773506213

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Forecasting is an important part of the desire to influence our destiny in an uncertain future. While there are many faces to the forecasting Eve, perhaps the most important in the present age involves prediction about economic matters relating to the larger community. Mervin Daub argues that careful consideration of aggregate economic forecasting, in this case with particular reference to Canada, enables us to better understand the role which prediction plays in human affairs.

Macroeconometric Models
Macroeconometric Models

Author: Władysław Welfe

Publisher: Springer Science & Business Media

Published: 2013-02-15

Total Pages: 435

ISBN-13: 3642344682

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This book gives a comprehensive description of macroeconometric modeling and its development over time. The first part depicts the history of macroeconometric model building, starting with Jan Tinbergen's and Lawrence R. Klein's contributions. It is unique in summarizing the development and specific structure of macroeconometric models built in North America, Europe, and various other parts of the world. The work thus offers an extensive source for researchers in the field. The second part of the book covers the systematic characteristics of macroeconometric models. It includes the household and enterprise sectors, disequilibria, financial flows, and money market sectors.

Canadian Economic Policy and the Impact of International Capital Flows
Canadian Economic Policy and the Impact of International Capital Flows

Author: Richard E. Caves

Publisher: University of Toronto Press

Published: 1969-12-15

Total Pages: 130

ISBN-13: 1442654554

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The object of this study is to investigate the effects that complete and formal integration of the Canadian with the American capital market would have on the Canadian economy. It is based largely on recent trade statistics, particularly those of the period when the exchange rate floated. In summary, the short- and long-run effects could both be beneficial to Canada. This study is a convenient summary of a longer work by the same authors to be published in 1970.