1.
PDF
tr100
ToTEM II: An Updated Version of the Bank of Canada’s Quarterly Projection Model
Dorich, José ; Johnston, Michael K. ; Mendes, Rhys R. ; Murchison, Stephen[...]
This report provides a detailed technical description of an updated version of the Terms-of-Trade Economic Model (ToTEM II), which replaced ToTEM (Murchison and Rennison [...]
2013 | Text | Technical Report - Rapport technique |
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2.
PDF
wp09-36
Real and Nominal Frictions within the Firm: How Lumpy Investment Matters for Price Adjustment
Johnston, Michael K.
Real rigidities are an important feature of modern sticky price models and are policy-relevant because of their welfare consequences, but cannot be structurally identifie[...]
2009 | Text | Staff Working Paper - Document de travail du personnel |
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