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1.
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In this study the authors compare the information content of alternative monetary aggregates with respect to total spending in the economy, using data for Canada. The ana[...]
1987 | Text | Technical Report - Rapport technique |
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2.
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This paper compares the empirical performance of Canadian weighted monetary aggregates (in particular, Fisher ideal aggregates) with the current summation aggregates, for[...]
1995 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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Changes in the financial industry result in new data that are inconsistent with the former presentation, and therefore adjustments are required to "adjust" or smooth out [...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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The author re-examines the demand-for-money theory in an intertemporal optimization model. The demand for real money balances is derived to be a function of real income a[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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A vector error-correction model (VECM) that forecasts inflation between the current quarter and eight quarters ahead is found to provide significant leading information a[...]
1996 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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Of particular concern to monetary policy-makers is the considerable unreliability of financial variables for predicting GDP growth and inflation. As Stock and Watson (200[...]
2005 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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Technological innovations in the financial industry pose major problems for the measurement of monetary aggregates. The authors describe work on a new measure of money th[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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8.
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We propose a drifting-coefficient model to empirically study the effect of money on output growth in Canada and to examine the role of prevailing financial conditions for[...]
2012 | Text | Staff Working Paper - Document de travail du personnel |
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9.
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A central bank's main concern is the general direction of future inflation, and not transitory fluctuations of the inflation rate. As a result, this paper is concerned wi[...]
1998 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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Using wavelets, the author estimates the fractional order of integration of a common long-run money-demand relationship whose parameters are obtained from a full-informat[...]
2000 | Text | Staff Working Paper - Document de travail du personnel |
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