Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.
1295
result(s)
Monetary Policy in an Estimated DSGE Model with a Financial Accelerator
Staff Working Paper 2006-9
Ian Christensen,
Ali Dib
The authors estimate a sticky-price dynamic stochastic general-equilibrium model with a financial accelerator, à la Bernanke, Gertler, and Gilchrist (1999), to assess the importance of financial frictions in the amplification and propagation of the effects of transitory shocks.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Econometric and statistical methods,
Economic models
JEL Code(s):
E,
E3,
E32,
E37,
E4,
E44
A Structural Error-Correction Model of Best Prices and Depths in the Foreign Exchange Limit Order Market
Staff Working Paper 2006-8
Ingrid Lo,
Stephen Sapp
Traders using the electronic limit order book in the foreign exchange market can watch the posted price and depth of the best quotes change over the day.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Exchange rates,
Financial markets
JEL Code(s):
C,
C3,
D,
D8,
F,
F3,
F31
Ownership Concentration and Competition in Banking Markets
Staff Working Paper 2006-7
Alexandra Lai,
Raphael Solomon
Many countries prohibit large shareholdings in their domestic banks.The authors examine whether such a restriction restrains competition in a duopolistic loan market. Blockholders may influence managers' output decisions by choosing capital structure, as in Brander and Lewis (1986).
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions,
Financial services,
Financial system regulation and policies
JEL Code(s):
G,
G2,
G21,
G28,
G3,
G32,
L,
L1,
L10
Regime Shifts in the Indicator Properties of Narrow Money in Canada
Staff Working Paper 2006-6
Tracy Chan,
Ramdane Djoudad,
Jackson Loi
Financial innovations and the removal of the reserve requirements in the early 1990s have made the distinction between demand and notice deposits arbitrary.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Monetary aggregates
JEL Code(s):
E,
E4,
E40,
E42,
E5,
E50
Are Currency Crises Low-State Equilibria? An Empirical, Three-Interest-Rate Model
Staff Working Paper 2006-5
Christopher Cornell,
Raphael Solomon
Suppose that the dynamics of the macroeconomy were given by (partly) random fluctuations between two equilibria: "good" and "bad."
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Monetary policy and uncertainty
JEL Code(s):
C,
C6,
C62,
E,
E5,
E59,
F,
F4,
F41
Forecasting Canadian Time Series with the New Keynesian Model
Staff Working Paper 2006-4
Ali Dib,
Mohamed Gammoudi,
Kevin Moran
The authors document the out-of-sample forecasting accuracy of the New Keynesian model for Canada.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Econometric and statistical methods,
Economic models
JEL Code(s):
C,
C1,
C12,
E,
E3,
E32,
E37
Money and Credit Factors
Staff Working Paper 2006-3
Paul Gilbert,
Erik Meijer
The authors introduce new measures of important underlying macroeconomic phenomena that affect the financial side of the economy.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Credit and credit aggregates,
Econometric and statistical methods,
Monetary aggregates
JEL Code(s):
C,
C4,
C43,
C8,
C82,
E,
E5,
E51
Structural Change in Covariance and Exchange Rate Pass-Through: The Case of Canada
Staff Working Paper 2006-2
Lynda Khalaf,
Maral Kichian
The authors address empirically the implications of structural breaks in the variance-covariance matrix of inflation and import prices for changes in pass-through.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods
JEL Code(s):
C,
C5,
C52,
E,
E3,
E31,
F,
F3,
F31,
F4,
F40
The Institutional and Political Determinants of Fiscal Adjustment
Staff Working Paper 2006-1
Robert Lavigne
The author empirically assesses the effects of institutional and political factors on the need and willingness of governments to make large fiscal adjustments.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Development economics,
Econometric and statistical methods,
Fiscal policy,
International topics
JEL Code(s):
E,
E6,
E62,
O,
O1,
O17,
O19