Research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T12:19:44+00:00Why Do Central Banks Smooth Interest Rates?
https://www.bankofcanada.ca/2001/10/working-paper-2001-17/
It is commonly observed that central banks respond gradually to economic shocks, moving the interest rate in small discrete steps in the same direction over an extended period of time. This paper examines the empirical evidence regarding central banks' smoothing of interest rates, paying particular attention to the case of Canada.2001-10-01T16:29:45+00:00enWhy Do Central Banks Smooth Interest Rates?2001-10-01Monetary policy implementationWorking Paper 2001-17 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-17.pdfWhy Do Central Banks Smooth Interest Rates?Gabriel SrourOctober 2001EE5Implications of Uncertainty about Long-Run Inflation and the Price Level
https://www.bankofcanada.ca/2001/10/working-paper-2001-16/
This paper surveys recent developments in the theoretical and empirical literature on the economic implications of uncertainty about the longer-term outlook for inflation. In particular, the linkages between inflation, long-run inflation uncertainty, and aggregate economic activity in industrial economies have become considerably better understood during the past decade.2001-10-01T16:16:49+00:00enImplications of Uncertainty about Long-Run Inflation and the Price Level2001-10-01Inflation: costs and benefitsWorking Paper 2001-16 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-16.pdfImplications of Uncertainty about Long-Run Inflation and the Price LevelGerald StuberOctober 2001EE2E22E3E31E4E44Affine Term-Structure Models: Theory and Implementation
https://www.bankofcanada.ca/2001/10/working-paper-2001-15/
Affine models describe the stylized time-series properties of the term structure of interest rates in a reasonable manner, they generalize relatively easily to higher dimensions, and a vast academic literature exists relating to their implementation. This combination of characteristics makes the affine class a natural introductory point for modelling interest rate dynamics.2001-10-01T15:57:48+00:00enAffine Term-Structure Models: Theory and Implementation2001-10-01Debt managementEconometric and statistical methodsInterest ratesWorking Paper 2001-15 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-15a.pdfAffine Term-Structure Models: Theory and ImplementationDavid BolderOctober 2001CC0C5GG0