Topic: Interest rates

1. L'endettement du Canada et ses effets sur les taux d'intérêt réels de long terme

   Working Paper 1996-14 - Jean-François Fillion

   This paper examines the effects that Canada's indebtedness has on Canadian real long-term interest rates, using the vector error-correction model (VECM). Our results show that there is a strongly cointegrated relationship between real interest rates in Canada, U.S. real interest rates, and Canadian public and external debt ratios.

   Topics: Fiscal Policy; Interest rates