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1.
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This paper measures the welfare gains of switching from inflation-targeting to price-level targeting under imperfect credibility. Vestin (2006) shows that when the moneta[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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Using the Bank of Canada's main projection and policy-analysis model, ToTEM, this paper measures the welfare gains of switching from inflation targeting to price-level ta[...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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This paper measures the welfare gains of switching from inflation-targeting to price-level targeting under imperfect credibility. Vestin (2006) shows that when the moneta[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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A view advanced in the aftermath of the late-2000s financial crisis is that lower than optimal interest rates lead to excessive risk taking by financial intermediaries. W[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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This paper analyses the Canadian economy for the post 1960 period. It uses an accounting procedure developed in Chari, Kehoe, and McGrattan (2006). The procedure identifi[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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Why do employed persons in large firms earn more than employed persons in small firms, even after controlling for observable characteristics? Complementary to previous re[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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This paper examines the role of monetary policy in an environment with aggregate risk and incomplete markets. In a two-period overlapping-generations model with aggregate[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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8.
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Various papers have suggested that Price-Level targeting is a welfare improving policy relative to Inflation targeting. From a practical standpoint, this raises an import[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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9.
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This paper asks: What is the effect of government policy on output and inequality in an environment with education and labor-supply decisions? The answer is given in a ge[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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From 1980 until 2007, U.S. average hours worked increased by thirteen percent, due to a large increase in female hours. At the same time, the U.S. labor wedge, measured a[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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