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1.
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Recent studies on counterfeiting in a monetary search framework show that counterfeiting does not occur in a monetary equilibrium. These findings are inconsistent with th[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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Many predict that innovations in retail payment may render cash obsolete. We investigate this possibility in the context of recent payment innovations such as contactless[...]
2012 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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This paper attempts to reduce the uncertainty about the dynamics of the monetary transmission mechanism. Central to this attempt is the identification of monetary policy [...]
1997 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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The authors examine the Bank of Canada's overnight rate as a measure of monetary policy in vector autoregression (VAR) models. Since the time series of the Bank's current[...]
1996 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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This paper examines the empirical evidence of the liquidity effect in Canada. In the presence of the liquidity effect, the initial impact of an unanticipated expansionary[...]
1994 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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In recent years, there has been a lot of interest in Taylor-type rules. Evidence in the literature suggests that Taylor-type rules are optimal in a number of models and a[...]
2002 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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Theory and empirical evidence suggest that the term structure of interest rates reflects risk premiums as well as market expectations about future inflation and real inte[...]
1999 | Text | Staff Working Paper - Document de travail du personnel |
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