Scribd Logo
Upload

Welcome to Scribd!

  • Fortin - 1996 - The Great Canadian Slump

    Uploaded by

    jpkoning
    2K views28 pages
    - The document analyzes the causes of "The Great Canadian Slump" from 1990-1996, which resulted in large job and output losses. - It argues that popular explanations for the slump such as globalization, technology, politics, social policy changes, taxes, and minimum wages are insufficient or false. - The true causes were monetary contraction through high interest rates set by the Bank of Canada, and subsequent fiscal contraction, which reduced domestic demand. Exports increased significantly and prevented an outright depression.

    Original Description:

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    2K views28 pages

    Fortin - 1996 - The Great Canadian Slump

    Uploaded by

    jpkoning
    - The document analyzes the causes of "The Great Canadian Slump" from 1990-1996, which resulted in large job and output losses. - It argues that popular explanations for the slump such as g…
    Full description
    of 28

    Reward Your Curiosity

    Everything you want to read.
    Anytime. Anywhere. Any device.
    No Commitment. Cancel anytime.
    576648e32a3d8b82ca71961b7a986505