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1.
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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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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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3.
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The author proposes a micro-founded framework that incorporates an active banking sector into a dynamic stochastic general-equilibrium model with a financial accelerator.[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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This paper revisits Canada's pioneering experience with floating exchange rate over the period 1950–1962. It examines whether the floating rate was the best option for Ca[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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The author develops a dynamic stochastic general-equilibrium model with an active banking sector, a financial accelerator, and financial frictions in the interbank and ba[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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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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7.
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This paper develops a dynamic, stochastic, general-equilibrium (DGSE) model for the Canadian economy and evaluates the real effects of monetary policy shocks. To generate[...]
2001 | Text | Staff Working Paper - Document de travail du personnel |
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8.
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The authors document the out-of-sample forecasting accuracy of the New Keynesian model for Canada. They estimate their variant of the model on a series of rolling subsamp[...]
2006 | Text | Staff Working Paper - Document de travail du personnel |
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9.
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The hypothesis of intertemporal substitution in labour supply has a history of empirical failure when confronted with aggregate time-series data. The authors show that a [...]
2005 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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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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