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1.
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We develop a closed economy model to study the interactions among sovereign risk premia, fiscal limits, and fiscal policy. The stochastic fiscal limits, which measure the[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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The paper explores the macroeconomic consequences of fiscal consolidations whose timing and composition - either tax- or spending-based - are uncertain. We find that the [...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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This paper contributes to the debate on fiscal multipliers, in the context of a structural model. I estimate a micro-founded dynamic stochastic general equilibrium model,[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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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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5.
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The author examines the global impact of U.S. fiscal policy using the Bank of Canada's Global Economy Model (Lalonde and Muir 2007). In particular, she examines the globa[...]
2008 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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6.
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The domestic capital markets of the major industrial countries have become more closely integrated over the last two decades, a by-product of regulatory and technological[...]
1991 | Text | Technical Report - Rapport technique |
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7.
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There are many models of fiscal policy in the economic literature and each has been based on a particular set of assumptions concerning the interaction of policy variable[...]
1983 | Text | Technical Report - Rapport technique |
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8.
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Budget rules can be defined as legislated or constitutional constraints on government deficits, taxes, expenditures, or debt. This paper reviews the budget rules recently[...]
1997 | Text | Staff Working Paper - Document de travail du personnel |
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9.
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This paper introduces the CORE model, a prototype for a new quarterly model of the Canadian economy, designed for projections and policy analysis with focus beyond the ve[...]
1992 | Text | Technical Report - Rapport technique |
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