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1.
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One of the central lessons learned from the Great Depression was that adjusting government spending each year to balance the budget increases the volatility of output. We[...]
2002 | Text | Staff Working Paper - Document de travail du personnel |
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2.
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The Bank of Canada conducted a Wage Setting Survey with a sample of 200 private sector firms from mid-October 2007 to May 2008. Results indicate that wage adjustments for[...]
2013 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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3.
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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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4.
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The authors use a dynamic general-equilibrium model to study the role financial frictions play as a transmission mechanism of Canadian monetary policy, and to evaluate th[...]
2003 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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This paper assesses the merits of countercyclical bank balance sheet regulation for the stabilization of financial and economic cycles and examines its interaction with m[...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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We examine the evolution of the effects of monetary policy shocks on the distribution of disaggregate prices and quantities of personal consumption expenditures to assess[...]
2012 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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Commodity prices have increased dramatically and persistently over the past several years, followed by a sharp reversal in recent months. These large and persistent movem[...]
2009 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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8.
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Canada's economic performance in the first half of the 1990s was adversely affected by high premiums in interest rates that were brought on by political and economic unce[...]
1997 | Text | Technical Report - Rapport technique |
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9.
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Using Bayesian methods, we estimate a small open economy model in which consumers face limits to credit determined by the value of their housing stock. The purpose of thi[...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
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10.
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This paper examines the predictive power of credit spreads from the corporate bond market. The high-yield bond spread and investment-grade spread can explain 68 per cent [...]
2002 | Text | Staff Working Paper - Document de travail du personnel |
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