000			01814cam a2200241 4500
008			720323t1972 oncad erbs 000 0deng
020			_a0802018068 _a0802001254 (microfiche)
040			_aDLC _cDLC
050	0	0	_aHC115 _b.T72
082	0	0	_a339.0971 _bTRA
245	0	4	_aThe TRACE econometric model of the Canadian economy /
260			_a[Toronto] : _bUniversity of Toronto Press , _cc[1972]
300			_ax, 166 p. :ill,
440		0	_aStudies in social and economic policy,
504			_aBibliography: p. [162]-166.
520			_aThe model described in this book is one of many large-scale macroeconometric models being produced nowadays under the combined stimuli of the pioneering work of L. R. Klein and others, the availability of substantial research funds and access to electronic computing facilities. Features of this particular model include its use of annual, rather than quarterly, data, pre-war as well as post-war, for estimating many of its equations. The model uses both constant and current prices, and purports to explain price changes.The export sector is heavily disaggregated, both by commodity and by destination. The close economic and financial relationship between Canada and the United States is taken account of, as is the long period of floating exchange rates. (An interesting conclusion is that fiscal and monetary policies are much more effective with floating than with fixed rates.) The principal purpose of the model is to provide a basis for public forecasts of important economic magnitudes, with different forecasts dependent on different government policies, hence allowing recommendations about possible policies.
590			_arpm 22/03/2018
591			_aLoans
651		0	_aCanada
700	1		_aChoudhry, Nanda K.
942			_2ddc _cBOOK
949			_a339.0971 TRA
999			_c7568 _d7568