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1.
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Following the seminal contribution of Kiyotaki and Moore (1997), the role of collateral constraints for business cycle fluctuations has been highlighted by several author[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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The empirical relationship between the average growth rate and the volatility of growth rates, both over time and across countries, has important policy implications, whi[...]
2006 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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Since the autumn of 1997, the Bank of Canada's regional offices (located in Halifax, Montréal, Toronto, Calgary, and Vancouver) have conducted consultations with business[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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The Bank of Canada's version of the Global Economy Model (BoC-GEM) is derived from the model created at the International Monetary Fund by Douglas Laxton (IMF) and Paolo [...]
2007 | Text | Technical Report - Rapport technique |
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5.
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Evidence suggests that banks, like firms, face financial frictions when raising funds. The authors develop a quantitative, monetary business cycle model in which agency p[...]
2004 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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The author proposes a micro-founded framework that incorporates an active banking sector into a dynamic stochastic general-equilibrium model with a financial accelerator.[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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This paper proposes a theoretical framework to analyze the relationship between credit shocks, firm defaults and volatility, and to study the impact of credit shocks on b[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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8.
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This paper examines the ability of linear and nonlinear models to replicate features of real Canadian GDP. We evaluate the models using various business-cycle metrics. Fr[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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9.
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The author develops a dynamic stochastic general-equilibrium model with an active banking sector, a financial accelerator, and financial frictions in the interbank and ba[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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The international business cycle is very important for Latin America’s economic performance as the recent global crisis vividly illustrated. This paper investigates how c[...]
2012 | Text | Staff Working Paper - Document de travail du personnel |
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