The MSG model of the Canadian economy / Warwick J. McKibbin.: EC12-4/1992-47E-PDF
"This paper presents the specification and simulation properties of the MSG model of the Canadian economy. The model is embedded into the MSG multicountry model, and a number of policy changes and shocks are considered. The paper considers the impact of changes in Canadian monetary and fiscal policies and draws a distinction between the short-run and long-run effects of these policies. A distinction is also made between temporary, permanent, anticipated, and unanticipated policy changes. In addition, the paper considers the impact on Canada of a fiscal expansion and a monetary expansion in the United States, as well as the effects on Canada of a permanent fall in the world supply of oil and a rise in productivity in Canada. The latter shock could be interpreted as one aspect of the free-trade agreement with the United States"--Abstract, p. ix.
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| Department/Agency | Economic Council of Canada. |
|---|---|
| Title | The MSG model of the Canadian economy / Warwick J. McKibbin. |
| Series title | Working paper (Economic Council of Canada) ; No. 47 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Digitized edition from print [produced by the Publishing and Depository Services Directorate]. Includes bibliographic references. |
| Publishing information | [Ottawa] : Economic Council of Canada, 1992. |
| Author / Contributor | McKibbin, Warwick J.,1957- |
| Description | ix, 52 p. : charts. |
| Catalogue number |
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| Subject terms | Economic analysis Monetary policy |
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