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The Canadian Exception to the Financial Crisis: Canada’s Macroeconomic Policy Framework

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The Canadian Exception to the Financial Crisis: Canada’s Macroeconomic Policy Framework

Published: May 27, 2010

Although far from unscathed by the current crisis, Canada has for a number of reasons experienced a lower degree of financial turmoil than the United States. Undoubtedly, many of the reasons relate to the nature of Canada’s financial sector and its regulatory regime. These factors are examined elsewhere (see papers by Bhushan, Heidrich and Letourneau, and Porter). But did Canadian macroeconomic policy also play a role? The focus of this paper is to examine the Canadian experience through a macroeconomic policy lens.

Author: Roy Culpepper

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