Macro-Structural Linkages and Business Dynamism

This policy brief comments on a number of macro-structural linkages that have implications for firm-level dynamism, which may have served as contributing factors to the stag-deflation that has gripped the OECD region as a whole, including Canada, in recent years. Specific linkages considered include the implications for firm-level dynamics of monetary, trade, innovation and industrial policies. The brief makes a number of recommendations for policy reform both in Canada and in the OECD more generally