International perspective helps resolve domestic economic puzzles, says Canada deputy

Other countries' experiences provide 'natural experiment', says John Murray


The global economy and the experiences of other countries provide a "natural experiment" that can help resolve "domestic economic puzzles" and guide policy, Bank of Canada deputy governor John Murray said in a speech yesterday.

"In many cases, the economic cycles of other countries are either moving in step with ours or have preceded them. Often, this will be because events elsewhere are shaping events in Canada," Murray said. "An international perspective can provide both understanding and

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