1.
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The Canadian economy was not initially hit by the 2007-2009 Great Recession but ended up having a prolonged episode of the effective lower bound (ELB) on nominal interest[...]
2020 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
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2.
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Funding risk has a systemic aspect that is frequently neglected in research and risk management applications. We build a model that focuses on systemic consequences of fu[...]
2018 | Journal Article | Peer-Reviewed Publications - Publications à comité de lecture |
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3.
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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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4.
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The stochastic simulation model suggested by Bolder (2003) for the analysis of the federal government's debt-management strategy provides a wide variety of useful informa[...]
2007 | Text | Staff Working Paper - Document de travail du personnel |
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5.
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The author develops a strategy for utilizing higher moments and conditioning information efficiently, and hence improves on the variance bounds computed by Hansen and Jag[...]
2006 | Text | Staff Working Paper - Document de travail du personnel |
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6.
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The authors extend the well-known Hansen and Jagannathan (HJ) volatility bound. HJ characterize the lower bound on the volatility of any admissible stochastic discount fa[...]
2005 | Text | Staff Working Paper - Document de travail du personnel |
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