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The good forecasting performance of factor models has been well documented in the literature. While many studies focus on a very limited set of variables (typically GDP a[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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The International Monetary Fund (IMF) recently adopted the "2007 Decision on Bilateral Surveillance Over Members' Policies," a landmark reform that modernizes the general[...]
2009 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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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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This paper finds a strong empirical link between domestic banking sector competitiveness and de facto international integration. De-facto international integration is mea[...]
2010 | Text | Staff Working Paper - Document de travail du personnel |
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Recent events, such as the East Asian, Mexican, Scandinavian, and Argentinian crises, have sparked considerable interest in exploring how shocks experienced by one countr[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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We examine the implications of increased unconventional crude oil production in North America. This production increase has been made possible by the existence of alterna[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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In this paper, the author considers whether fundamentals or other factors can explain the yen's ongoing weakness. In particular, the importance of capital outflows due to[...]
2008 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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Despite various payment innovations, today, cash is still heavily used to pay for low-value purchases. This paper develops a simulation model to test whether standard imp[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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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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We examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy rules to minimize both inflation variability and busine[...]
2012 | Text | Staff Working Paper - Document de travail du personnel |
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