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Accounting for Business Cycles in Canada: I. The Role of Supply-Side Factors

Accolley, Delali (2016): Accounting for Business Cycles in Canada: I. The Role of Supply-Side Factors.

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Abstract

After documenting business cycle facts in Canada, I have used a bunch of popular models to explain them. The common features of these models are: the use of the neoclassical growth framework, the assumption that prices are flexible enough to ensure a general equilibrium, and the reliance on supply-side factors, mainly technological change, to explain business cycles. I have also assessed the ability of these models to replicate these business cycle facts.

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