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1.
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Using a closed-economy model, Jensen (2002) and Walsh (2003) have, respectively, shown that a policy regime that optimally targets nominal income growth (NIT) or the chan[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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The author presents a model of a twin crisis, in which foreign and domestic residents play a banking game. Both "honest" and run equilibria of the post-deposit subgame ex[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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Artificial neural networks (ANN) are employed for high-frequency Canada/U.S. dollar exchange rate forecasting. ANN outperform random walk and linear models in a number of[...]
2000 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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We study the joint dynamics of macroeconomic variables, bond yields, and the exchange rate in an empirical two-country New-Keynesian model complemented with a no-arbitrag[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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This paper empirically examines how dispersions across investors beliefs influence traders order submission decisions in the foreign exchange market. Previous research ha[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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The author proposes an arbitrage-free model of the joint behaviour of interest and exchange rates whose exchange rate forecasts outperform those produced by a random-walk[...]
2006 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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Canada played an important role in the postwar establishment of the International Monetary Fund (IMF), yet it was also the first major member to challenge the orthodoxy o[...]
2009 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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8.
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Our contribution in this paper is threefold. First, we survey the empirical literature on consumption smoothing mechanisms of regional economic shocks. Second, building o[...]
1999 | Text | Staff Working Paper - Document de travail du personnel |
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9.
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This paper revisits Canada's pioneering experience with floating exchange rate over the period 1950–1962. It examines whether the floating rate was the best option for Ca[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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The authors examine the impact of the recent run-up in energy and non-energy commodity prices on the Canadian dollar. Using the Bank of Canada's exchange rate equation, t[...]
2008 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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