Kevin Moran - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T09:02:16+00:00The Determinants of Consumers’ Inflation Expectations: Evidence from the US and Canada
https://www.bankofcanada.ca/2020/11/staff-working-paper-2020-52/
We compare the determinants of consumer inflation expectations in the US and Canada by analyzing two current surveys. We find that Canadian consumers rely more on professional forecasts and the history of actual inflation when forming their expectations, while US consumers rely more on their own lagged expectations.2020-11-30T10:31:53+00:00enThe Determinants of Consumers’ Inflation Expectations: Evidence from the US and Canada2020-11-30Central bank researchEconometric and statistical methodsInflation and pricesInflation targetsStaff Working Paper 2020-52https://www.bankofcanada.ca/wp-content/uploads/2020/11/swp2020-52.pdfThe Determinants of Consumers’ Inflation Expectations: Evidence from the US and CanadaCharles BellemareRolande Kpekou TossouKevin MoranNovember 2020CC3C33DD8D83D84EE3E31Exchange Rate Fluctuations and Labour Market Adjustments in Canadian Manufacturing Industries
https://www.bankofcanada.ca/2015/12/staff-working-paper-2015-45/
We estimate the link between exchange rate fluctuations and the labour input of Canadian manufacturing industries. The analysis is based on a dynamic model of labour demand, and the econometric strategy employs a panel two-step approach for cointegrating regressions.2015-12-03T14:05:51+00:00enExchange Rate Fluctuations and Labour Market Adjustments in Canadian Manufacturing Industries2015-12-03Econometric and statistical methodsExchange rate regimesExchange ratesLabour marketsRecent economic and financial developmentsStaff Working Paper 2015-45https://www.bankofcanada.ca/wp-content/uploads/2015/12/wp2015-45.pdfExchange Rate Fluctuations and Labour Market Adjustments in Canadian Manufacturing IndustriesGabriel BruneauKevin MoranDecember 2015EE2E24FF1F14F16F3F31F4F41JJ2J23Inflation and Growth: A New Keynesian Perspective
https://www.bankofcanada.ca/2012/07/working-paper-2012-23/
The long-run relation between growth and inflation has not yet been studied in the context of nominal price and wage rigidities, despite the fact that these rigidities now figure prominently in workhorse macroeconomic models.2012-07-27T12:25:35+00:00enInflation and Growth: A New Keynesian Perspective2012-07-27Inflation: costs and benefitsWorking Paper 2012-23https://www.bankofcanada.ca/wp-content/uploads/2012/07/wp2012-23.pdfInflation and Growth: A New Keynesian PerspectiveRobert AmanoThomas J. CarterKevin MoranJuly 2012EE3E31E5E52OO3O31O4O42Bank Leverage Regulation and Macroeconomic Dynamics
https://www.bankofcanada.ca/2011/12/working-paper-2011-32/
This paper assesses the merits of countercyclical bank balance sheet regulation for the stabilization of financial and economic cycles and examines its interaction with monetary policy.2011-12-22T15:31:46+00:00enBank Leverage Regulation and Macroeconomic Dynamics2011-12-22Economic modelsFinancial institutionsFinancial system regulation and policiesMonetary policy frameworkMonetary policy transmissionWorking Paper 2011-32https://www.bankofcanada.ca/wp-content/uploads/2011/12/wp2011-32.pdfBank Leverage Regulation and Macroeconomic DynamicsIan ChristensenCésaire MehKevin MoranDecember 2011EE4E44E5E52GG2G21The Role of Bank Capital in the Propagation of Shocks
https://www.bankofcanada.ca/wp-content/uploads/2012/01/fsr-1208-meh.pdf
2008-12-21T10:58:01+00:00enThe Role of Bank Capital in the Propagation of Shocks2008-12-21The Role of Bank Capital in the Propagation of Shocks
https://www.bankofcanada.ca/2008/10/working-paper-2008-36/
Recent events in financial markets have underlined the importance of analyzing the link between the financial health of banks and real economic activity. This paper contributes to this analysis by constructing a dynamic general equilibrium model in which the balance sheet of banks affects the propagation of shocks.2008-10-02T14:41:35+00:00enThe Role of Bank Capital in the Propagation of Shocks2008-10-02Economic modelsFinancial institutionsFinancial system regulation and policiesMonetary policy transmissionWorking Paper 2008-36 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-36.pdfThe Role of Bank Capital in the Propagation of ShocksCésaire MehKevin MoranOctober 2008EE4E44E5E52GG2G21Trend Inflation, Wage and Price Rigidities, and Welfare
https://www.bankofcanada.ca/2007/08/working-paper-2007-42/
This paper studies the steady-state costs of inflation in a general-equilibrium model with real per capita output growth and staggered nominal price and wage contracts.2007-08-01T11:04:14+00:00enTrend Inflation, Wage and Price Rigidities, and Welfare2007-08-01Inflation: costs and benefitsWorking Paper 2007-42 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-42.pdfTrend Inflation, Wage and Price Rigidities, and WelfareRobert AmanoKevin MoranStephen MurchisonAndrew RennisonAugust 2007EE0E5Forecasting Canadian Time Series with the New Keynesian Model
https://www.bankofcanada.ca/2006/03/working-paper-2006-4/
The authors document the out-of-sample forecasting accuracy of the New Keynesian model for Canada.2006-03-02T12:25:10+00:00enForecasting Canadian Time Series with the New Keynesian Model2006-03-02Business fluctuations and cyclesEconometric and statistical methodsEconomic modelsWorking Paper 2006-4https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp06-4.pdfForecasting Canadian Time Series with the New Keynesian ModelAli DibMohamed GammoudiKevin MoranMarch 2006CC1C12EE3E32E37Bank Capital, Agency Costs, and Monetary Policy
https://www.bankofcanada.ca/2004/02/working-paper-2004-6/
Evidence suggests that banks, like firms, face financial frictions when raising funds.2004-02-01T11:25:43+00:00enBank Capital, Agency Costs, and Monetary Policy2004-02-01Business fluctuations and cyclesFinancial institutionsMonetary policy transmissionWorking Paper 2004-6 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-6.pdfBank Capital, Agency Costs, and Monetary PolicyCésaire MehKevin MoranFebruary 2004EE4E44E5E52GG2G21Simple Monetary Policy Rules in an Open-Economy, Limited-Participation Model
https://www.bankofcanada.ca/2003/12/working-paper-2003-38/
The authors assess the stabilization properties of simple monetary policy rules within the context of a small open-economy model constructed around the limited-participation assumption and calibrated to salient features of the Canadian economy. By relying on limited participation as the main nominal friction that affects the artificial economy, the authors provide an important check of the robustness of the results obtained using alternative environments in the literature on monetary policy rules, most notably the now-standard "New Keynesian" paradigm that emphasizes rigidities in the price-setting mechanism.2003-12-02T16:15:30+00:00enSimple Monetary Policy Rules in an Open-Economy, Limited-Participation Model2003-12-02Monetary policy frameworkMonetary policy transmissionWorking Paper 2003-38 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-38.pdfSimple Monetary Policy Rules in an Open-Economy, Limited-Participation ModelScott HendryWai-Ming HoKevin MoranDecember 2003EE4E44E5E52E58FF3F31