Hidden Bibliographic Details
| Other authors / contributors: | Barrera, N. (Natalia Andrea), author.
International Monetary Fund. Western Hemisphere Department, issuing body.
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| ISBN: | 1283561662
9781283561662
9781451918540
1451918542
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| Notes: | Includes bibliographical references (page 19).
Print version record.
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| Summary: | This paper builds a Bayesian VAR estimation model of growth for Canada, by focusing specifically on the role of external and domestic financial indicators, including credit conditions. A variance decomposition shows that financial conditions explain one-third of the total variability in Canada's real GDP growth, although changes in U.S. real GDP growth still account for a larger share of volatility in Canadian growth. A macro-financial conditions index built from the VAR's impulse responses shows that U.S. real GDP growth and lending standards will increasingly bear on Canada's growth, implying that a normalization of the U.S. economic and financial conditions is key for a sustained recovery in Canada.
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| Other form: | Print version: Duttagupta, Rupa. Impact of the global crisis on Canada. [Washington, D.C.] : International Monetary Fund, ©2010
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