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1.
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The authors use a dynamic general-equilibrium model to study the role financial frictions play as a transmission mechanism of Canadian monetary policy, and to evaluate th[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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This paper compares the empirical performance of Canadian weighted monetary aggregates (in particular, Fisher ideal aggregates) with the current summation aggregates, for[...]
1995 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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The author examines the role of collateral in an environment where lenders and borrowers possess identical information and similar beliefs about its future value. Using o[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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The author suggests that commodity-linked bonds could provide a potential means for less-developed countries (LDCs) to raise money on the international capital markets, r[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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The author re-examines the demand-for-money theory in an intertemporal optimization model. The demand for real money balances is derived to be a function of real income a[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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A vector error-correction model (VECM) that forecasts inflation between the current quarter and eight quarters ahead is found to provide significant leading information a[...]
1996 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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This paper examines the empirical performance of alternatives to the monetary aggregates currently published by the Bank of Canada. The results show that real M1 and real[...]
1995 | Text | Staff Working Paper - Document de travail du personnel |
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8.
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This paper examines the performance of M1 in an indicator-model of inflation over time horizons as long as 16 quarters into the future. The central conclusion of the pape[...]
1996 | Text | Staff Working Paper - Document de travail du personnel |
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9.
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The author examines the impact of economic uncertainty on the demand for money. Using a general-equilibrium theory, he argues that in a world inhabited by risk-averse age[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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This paper examines the ability of a number of financial variables to predict Canadian recessions. Regarding methodology, we follow closely the technique employed by Estr[...]
1998 | Text | Staff Working Paper - Document de travail du personnel |
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