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This paper examines the interaction between monetary policy and macroprudential rules and whether policy makers should respond to financial imbalances. To address this is[...]
2015 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
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The recent financial crisis and subsequent recession have spurred great interest in the sources of unemployment fluctuations. Previous studies predominantly assume a sing[...]
2013 | Text | Staff Working Paper - Document de travail du personnel |
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3.
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This paper examines the interaction between monetary policy and macroprudential policy and whether policy makers should respond to financial imbalances. To address this i[...]
2012 | Text | Staff Working Paper - Document de travail du personnel |
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4.
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What are the effects of financial market imperfections on unemployment and vacancies in Canada? The author estimates the model of Zhang (2011) – a standard monetary dynam[...]
2011 | Text | Staff Discussion Paper - Document d’analyse du personnel |
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5.
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What are the effects of financial market imperfections on unemployment and vacancies? Since standard DSGE models do not typically model unemployment, they abstract from [...]
2011 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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How important are the benefits of low price-level uncertainty? This paper explores the desirability of price-level path targeting in an estimated DSGE model fit to Canadi[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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7.
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This paper compares price-level-path targeting (PT) with inflation targeting (IT) in a sticky-price, dynamic, general equilibrium model augmented with imperfections in bo[...]
2008 | Text | Staff Working Paper - Document de travail du personnel |
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