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Inflation-targeting central banks around the world often state their inflation objectives with regard to the consumer price index (CPI). Yet the literature on optimal mon[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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Using BoC-GEM-Fin, a large-scale DSGE model with real, nominal and financial frictions featuring a banking sector, we explore the macroeconomic implications of various ty[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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This paper studies the interdependence between fiscal and monetary policies, and their joint role in the determination of the price level. The government is characterized[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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In this paper, we develop a theoretical model which identifies four channels–import prices, competition with domestic suppliers and workers, and commodity prices–through [...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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We estimate a New Keynesian general-equilibrium open economy model to examine how changes in oil prices affect the macroeconomy. Our model allows oil price changes to be [...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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The author studies the welfare implications of adjustment programs supported by the International Monetary Fund (IMF). He uses a model where an endogenous borrowing const[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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The authors use simulations within the BoC-GEM-FIN, the Bank of Canada's version of the Global Economy Model with financial frictions in both the demand and supply sides [...]
2010 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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8.
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The Bank of Canada Global Economy Model (BoC-GEM) is used to examine the effect of various types of discretionary fiscal policies on different regions of the globe. The B[...]
2010 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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9.
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The authors use the Bank of Canada's version of the Global Economy Model, a multi-country, multi-sector dynamic stochastic general-equilibrium model with an active bankin[...]
2010 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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10.
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This paper studies the interdependence between fiscal and monetary policy in a DSGE model with sticky prices and non-zero trend inflation. We characterize the fiscal and [...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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