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...Economicintegration thebusinesscycle and productivity in north america roberto cardarelli m ayhan kose introduction important milestones have been reached this year the history of bilateral economic relations between canada united states particular marks th anniversary american free trade agreement nafta its precursor usfree cusfta these agreements excep tionally successful promoting nancial ows two countries over years yielding one world s largest direct investment relationships ustr some observers recently called for deeper integration with to eliminate remaining barriers most ambitious proposals include calls a grand bargain which would couple security defence related policies possibly context customs union or common market dobson similarly included monetary courchene there also more modest immediately practical involving suggestions greater effort towards harmonizing rules standards regulations order reduce extent arrangements impede efciency goldfarb however other questioned merit...