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1.
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The author studies the macroeconomic consequences of discretionary changes in the fiscal policy instruments for Canada. He adopts a semi-structural vector autoregression [...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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Several empirical studies suggest that exchange rate pass-through has declined in recent years in industrialized countries. Results for Canada also indicate that, in the [...]
2005 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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The authors study the macroeconomic consequences of large military buildups using a New Neoclassical Synthesis (NNS) approach that combines nominal rigidities within impe[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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The authors study the macroeconomic effects of non-zero trend inflation in a simple dynamic stochastic general-equilibrium model with sticky prices. They show that trend [...]
2006 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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The authors analyze exchange rate pass-through in an estimated structural model of a small open economy that incorporates three types of nominal rigidity (wages and the p[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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The authors compute welfare-maximizing Taylor rules in a dynamic general-equilibrium model of a small open economy. The model includes three types of nominal rigidities ([...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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This paper develops and estimates a dynamic general equilibrium model that realistically accounts for an input-output linkage between firms operating at different stages [...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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8.
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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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9.
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The authors analyze the welfare implications of simple monetary policy rules in the context of an estimated model of a small open economy for Canada with traded and non-t[...]
2006 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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Recent empirical evidence suggests that private consumption is crowded-in by government spending. This outcome violates existing macroeconomic theory, according to which [...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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