Northern Star: Canada's Path to Economic Prosperity (Occasional Paper)

Robust GDP growth, declining unemployment, low and stable inflation, and a string of fiscal and current account surpluses - it's a record to be envied. These outcomes in Canada owe much to sound macroeconomic policies as well as to a favorable external environment. This book focuses on these policies and the economy's salient features, including its close trade integration with the United States, large commodity sector, and substantial decentralization and regional diversity. What is unique about the Canadian experience is delineated, while polices and philosophies that can be fruitfully applied in other economies are illuminated.