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1.
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We show how to use optimal control theory to derive optimal time-consistent Markov-perfect government policies in nonlinear dynamic general equilibrium models, extending [...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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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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3.
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The authors investigate the implications of house-price bubbles for the optimal inflation-target horizon using a dynamic general-equilibrium model with credit frictions, [...]
2007 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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4.
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The first step in designing effective policies to stabilize an economy is to understand business cycles. No country is isolated from the world economy and external shocks[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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Choosing a well-designed framework for fiscal and monetary policies is a challenge for economic authorities. Although they have chosen the same objectives to promote econ[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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This study examines the effect of nominal-wage rigidities on wage growth in Canada using a hazard model and micro data for union contracts. The hazard model is specified [...]
2001 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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This paper uses Tobit models and data for union contracts to examine the extent of downward nominal-wage rigidity in Canada. To be consistent with important stylized fact[...]
2001 | Text | Staff Working Paper - Document de travail du personnel |
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8.
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This paper surveys the literature on the zero bound on the nominal interest rate. It addresses questions ranging from the conditions under which the zero bound on the nom[...]
2001 | Text | Staff Working Paper - Document de travail du personnel |
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9.
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The author describes the various elements of the global payment network for large-value funds transfers (G-LVTN) in order to provide a convenient reference document inten[...]
2001 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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In this paper, we develop a new way to test hypotheses about policy-makers' targets, and we implement that test for Canadian monetary policy. If, for example, the Bank of[...]
2000 | Text | Staff Working Paper - Document de travail du personnel |
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