Publications and Research

By year

Working papers are published in the original language only, with an abstract in both official languages. Papers earlier than 1994 (not listed here) are available from Publications Distribution, Bank of Canada, 234 Wellington Street, Ottawa, Ontario K1A 0G9.

You can also view the working papers sorted by author.

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2008-49
Financial Intermediation, Liquidity and Inflation
Jonathan Chiu and Cesaire Meh

2008-48
Futures Markets, Oil Prices and the Intertemporal Approach to the Current Account
Elif C. Arbatli

2008-47
How Important Is Liquidity Risk for Sovereign Bond Risk Premia? Evidence from the London Stock Exchange
Ron Alquist

2008-46
Indebtedness and the Household Financial Health: An Examination of the Canadian Debt Service Ratio Distribution
Umar Faruqui

2008-45
Firm Size and Productivity
Danny Leung, Césaire Meh, and Yaz Terajima

2008-44
The Role of Foreign Exchange Dealers in Providing Overnight Liquidity
Chris D'Souza

2008-43
McCallum Rules, Exchange Rates, and the Term Structure of Interest Rates
Antonio Diez de los Rios

2008-42
Which Bank is the "Central" Bank? An Application of Markov Theory to the Canadian Large Value Transfer System
Morten Bech, James T. E. Chapman, and Rod Garratt

2008-41
Are There Canada-U.S. Differences in SME Financing?
Danny Leung, Césaire Meh, and Yaz Terajima

2008-40
Price Level Targeting in a Small Open Economy with Financial Frictions: Welfare Analysis
Ali Dib, Caterina Mendicino, and Yahong Zhang

2008-39
Import Price Dynamics in Major Advanced Economies and Heterogeneity in Exchange Rate Pass-Through
Stephane Dees, Matthias Burgert, and Nicolas Parent

2008-38
A Model of Costly Capital Reallocation and Aggregate Productivity
Shutao Cao

2008-37
Adopting Price-Level Targeting under Imperfect Credibility: An Update
Oleksiy Kryvtsov, Malik Shukayev, and Alexander Ueberfeldt

2008-36
The Role of Bank Capital in the Propagation of Shocks
Césaire Meh and Kevin Moran

2008-35
Globalization and Inflation: The Role of China
Denise Côté and Carlos de Resende

2008-34
Combining Canadian Interest-Rate Forecasts
David Jamieson Bolder and Yuliya Romanyuk

2008-33
Human Capital Risk and the Firmsize Wage Premium
Danny Leung and Alexander Ueberfeldt

2008-32
Market Structure and the Diffusion of E-Commerce: Evidence from the Retail Banking Industry
Jason Allen, Robert Clark, and Jean-François Houde

2008-31
Aggregate and Welfare Effects of Redistribution of Wealth Under Inflation and Price-Level Targeting
Césaire A. Meh, José-Víctor Ríos-Rull, and Yaz Terajima

2008-30
Non-Linearities, Model Uncertainty, and Macro Stress Testing
Miroslav Misina and David Tessier

2008-29
Macroeconomic Determinants of the Term Structure of Corporate Spreads
Jun Yang

2008-28
The Welfare Implications of Fiscal Dominance
Carlos De Resende and Nooman Rebei

2008-27
Are Bygones not Bygones? Modeling Price Level Targeting with an Escape Clause and Lessons from the Gold Standard
Paul R. Masson and Malik D. Shukayev

2008-26
Price-Level versus Inflation Targeting with Financial Market Imperfections
Francisco Covas and Yahong Zhang

2008-25
Good Policies or Good Fortune: What Drives the Compression in Emerging Market Spreads?
Philipp Maier and Garima Vasishtha

2008-24
Do Central Banks Respond to Exchange Rate Movements? Some New Evidence from Structural Estimation
Wei Dong

2008-23
On the Amplification Role of Collateral Constraints
Caterina Mendicino

2008-22
Information Shocks, Jumps, and Price Discovery – Evidence from the U.S. Treasury Market
George J. Jiang, Ingrid Lo, and Adrien Verdelhan

2008-21
The Cost of Equity in Canada: An International Comparison
Jonathan Witmer

2008-20
The Effect of the Sarbanes-Oxley Act on CEO Pay for Luck
Teodora Paligorova

2008-19
Inflation, Nominal Portfolios, and Wealth Redistribution in Canada
Césaire A. Meh and Yaz Terajima

2008-18
Empirical Likelihood Block Bootstrapping
Jason Allen, Allan W. Gregory, and Katsumi Shimotsu

2008-17
Policy Coordination in an International Payment System
James T. E. Chapman

2008-16
On Portfolio Separation Theorems with Heterogeneous Beliefs and Attitudes towards Risk
Fousseni Chabi-Yo, Eric Ghysels, and Eric Renault

2008-15
Price Level versus Inflation Targeting under Model Uncertainty
Gino Cateau

2008-14
Driving Forces of the Canadian Economy: An Accounting Exercise
Simona E. Cociuba and Alexander Ueberfeldt

2008-13
Uncertainty, Inflation, and Welfare
Jonathan Chiu and Miguel Molico

2008-12
A Model of Tiered Settlement Networks
James Chapman, Jonathan Chiu, and Miguel Molico

2008-11
An Examination of Canadian Firms Delisting from U.S. Exchanges
Jonathan Witmer

2008-10
Credit, Asset Prices, and Financial Stress in Canada
Miroslav Misina and Greg Tkacz

2008-9
A Model of Housing Boom and Bust in a Small Open Economy
Hajime Tomura

2008-8
Welfare Effects of Commodity Price and Exchange Rate Volatilities in a Multi-Sector Small Open Economy Model
Ali Dib

2008-7
Markups in Canada: Have They Changed and Why?
Danny Leung

2008-6
Inflation Targeting and Price-Level-Path Targeting in the GEM: Some Open Economy Considerations
Donald Coletti, René Lalonde, and Dirk Muir

2008-5
Unsecured Debt, Consumer Bankruptcy, and Small Business
Césaire A. Meh and Yaz Terajima

2008-4
What Affects MFP in the Long-Run? Evidence from Canadian Industries
Danny Leung and Yi Zheng

2008-3
Adopting Price-Level Targeting under Imperfect Credibility
Oleksiy Kryvtsov, Malik Shukayev, and Alexander Ueberfeldt

2008-2
A Wave of Protectionism? An Analysis of Economic and Political Considerations
Philipp Maier

2008-1
Default Dependence: The Equity Default Relationship
Stuart M. Turnbull and Jun Yang