Canada's Experience with Fixed and Flexible Exchange Rates in a North American Capital Market/ Capital Transfers and Economic Policy: Canada, 1951-1962.

These two books deal with overlapping subjects at vastly different levels of endeavor. Dunn's paperback is designed to summarize the experience of Canada in achieving her macroeconomic goals via monetary and fiscal policy under the alternative regimes of fixed and flexible exchange rates. The book is directed more toward a technically-informed reader than to the specialist in the area of macropolicy in an open economy. The book by the Harvard team is an authoritative work designed for the specialist-particularly the Canadian specialist. It is a heavily econometric and extremely detailed study of the ability of Canada to achieve high levels of employment and/or stable price levels in a world of highly mobile international capital and floating rates of exchange. [ABSTRACT FROM AUTHOR]