Abstract
Canadian postwar experience with inflation has closely paralleled the American with the exception that its fed eral government budget has been balanced for most of the pe riod, capital expenditure has been a higher proportion of gross national product, and foreign investment in Canada has been extremely heavy. Recent attitudes towards inflation reflect an intense reaction on the part of investors towards govern ment financial measures and a concern that returning prosper ity will produce price rises. Lessons of Canadian experience raise some serious questions as to the efficacy of fiscal and monetary policy.
Get full access to this article
View all access options for this article.