N7 - Transport, Trade, Energy, Technology, and Other Services

• Canada’s Experience with Trade Policy

  Staff Discussion Paper 2018-1 Karyne B. Charbonneau, Daniel de Munnik, Laura Murphy

  This paper compiles the contemporary view on three major Canadian-led trade policies that have marked Canada’s economic history since Confederation: the National Policy (1879), the Canada–US Agreement on Automotive Products (Auto Pact, 1965) and the Canada–US Free Trade Agreement (FTA, 1989, including its extension to the North American Free Trade Agreement, NAFTA, 1994).

  Content Type(s): Staff Research, Staff Discussion Papers Topic(s): International topics, Trade Integration JEL Code(s): F, F1, F13, N, N7, N71, N72

• The Welfare Effects of Protection: A General Equilibrium Analysis of Canada’s National Policy

  Staff Working Paper 2017-18 Patrick Alexander, Ian Keay

  In this paper, we study the impact of Canada’s adoption of protectionist trade policy in 1879 on Canadian welfare. Under the National Policy the Canadian average weighted tariff increased from 14% to 21%. The conventional view is that this was a distortionary policy that negatively affected Canadian welfare.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models, International topics, Trade Integration JEL Code(s): F, F1, F13, F14, F4, F42, F6, F60, N, N7, N71

• Canada and the IMF: Trailblazer or Prodigal Son?

  Staff Discussion Paper 2009-1 Michael Bordo, Tamara Gomes, Lawrence Schembri

  Canada played an important role in the postwar establishment of the International Monetary Fund (IMF), yet it was also the first major member to challenge the orthodoxy of the BrettonWoods par value system by abandoning it in 1950 in favour of a floating, market-determined exchange rate.

  Content Type(s): Staff Research, Staff Discussion Papers Topic(s): Exchange rate regimes, Exchange rates, Monetary policy framework JEL Code(s): E, E5, E52, E58, F, F4, F41, F5, F55, N, N7, N72