H3 - Fiscal Policies and Behavior of Economic Agents

  • Government Debt in an Open Economy

    Technical Report No. 58 Douglas Laxton, Robert Tetlow
    This paper introduces the CORE model, a prototype for a new quarterly model of the Canadian economy, designed for projections and policy analysis with focus beyond the very short run. The model has a clearly defined equilibrium and explicit adjustment mechanisms, primarily through relative prices, that are dynamically stable. Overlaid on a neo-classical growth model […]
    Content Type(s): Technical Reports Topic(s): Fiscal Policy JEL Code(s): C, C5, C53, F, F3, F32, H, H3, H30, H6, H60

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