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Working Papers

  1. Survey of Price-Setting Behaviour of Canadian Companies

    Working Paper 2006-35 - David Amirault, Carolyn Kwan, Gordon Wilkinson

    In many mainstream macroeconomic models, sticky prices play an important role in explaining the effects of monetary policy on the economy.

    Topics: Inflation and prices; Transmission of monetary policy

  2. The Macroeconomic Effects of Non-Zero Trend Inflation

    Working Paper 2006-34 - Robert Amano, Steve Ambler, Nooman Rebei

    The authors study the macroeconomic effects of non-zero trend inflation in a simple dynamic stochastic general-equilibrium model with sticky prices.

    Topics: Business fluctuations and cycles; Economic models; Inflation and prices; Inflation targets

  3. Are Canadian Banks Efficient? A Canada–U.S. Comparison

    Working Paper 2006-33 - Jason Allen, Walter Engert, Ying Liu

    The authors compare the efficiency of Canada's largest banks with U.S. commercial banks over the past 20 years. Efficiency is measured in three ways.

    Topics: Financial Institutions

  4. Governance and the IMF: Does the Fund Follow Corporate Best Practice?

    Working Paper 2006-32 - Eric Santor

    The governance challenges facing the International Monetary Fund (IMF) are not simply limited to representation and voice, and the associated question of quota allocation.

    Topics: International topics

  5. Assessing and Valuing the Non-Linear Structure of Hedge Fund Returns

    Working Paper 2006-31 - Antonio Diez de los Rios, René Garcia

    Several studies have put forward the non-linear structure and option-like features of returns associated with hedge fund strategies.

    Topics: Econometric and statistical methods; Financial Institutions
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