Research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T06:14:54+00:00Provincial Credit Ratings in Canada: An Ordered Probit Analysis
https://www.bankofcanada.ca/1996/04/working-paper-1996-6/
The author estimates the relationship between the provincial credit ratings, as assessed by Standard & Poor's, and a number of economic variables, using the ordered probit methodology. All the variables in her estimation prove to be significant. In particular, she finds that downgrades take place at almost the same speed at different levels of the debt-to-GDP ratio, based on a pooled sample of nine provinces.1996-04-02T15:28:56+00:00enProvincial Credit Ratings in Canada: An Ordered Probit Analysis1996-04-02Financial marketsWorking Paper 1996-6 https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp96-6.pdfProvincial Credit Ratings in Canada: An Ordered Probit AnalysisStella CheungApril 1996HH6H63A Distant-Early-Warning Model of Inflation Based on M1 Disequilibria
https://www.bankofcanada.ca/1996/04/working-paper-1996-5/
A vector error-correction model (VECM) that forecasts inflation between the current quarter and eight quarters ahead is found to provide significant leading information about inflation. The model focusses on the effects of deviations of M1 from its long-run demand but also includes, among other things, the influence of the exchange rate, a simple measure of the output gap and past prices.1996-04-01T15:11:56+00:00enA Distant-Early-Warning Model of Inflation Based on M1 Disequilibria1996-04-01Economic modelsMonetary aggregatesMonetary policy transmissionWorking Paper 1996-5 https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp96-5.pdfA Distant-Early-Warning Model of Inflation Based on M1 DisequilibriaJoseph Atta-MensahWalter EngertScott HendryJamie ArmourApril 1996EE3E37E5E52