Macroeconomic impacts of the housing sector / prepared for Canada Mortgage and Housing Corporation by Informetrica Limited. : NH15-855/1997E-PDF

"This study presents a series of simulations investigating the macroeconomic impacts of a two-year, temporary increase in housing construction activity. The simulations were conducted with the FOCUS macroeconometric model, built and maintained at-the Institute for Policy Analysis, University of Toronto. The central section of the study present simulation results for 16 separate simulations. These simulations consider all the possible combinations of four basic two-way choices of assumptions: new construction versus alterations, high versus low growth in the underlying economy, historically observed versus observed-times-two import propensities in the construction sector, and monetary policy aimed at stabilizing interest rates versus monetary policy aimed at stabilizing exchange rates"--Project summary.

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