E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T21:51:56+00:00How Rigid Are Nominal-Wage Rates?
https://www.bankofcanada.ca/2001/05/working-paper-2001-8/
This study examines the effect of nominal-wage rigidities on wage growth in Canada using a hazard model and micro data for union contracts. The hazard model is specified in a way that allows considerable flexibility in the shape of the estimated notional wage-change distribution.2001-05-01T11:09:13+00:00enHow Rigid Are Nominal-Wage Rates?2001-05-01Inflation targetsLabour marketsWorking Paper 2001-8 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-8.pdfHow Rigid Are Nominal-Wage Rates?Allan CrawfordMay 2001EE2E24E5E52E6E61Downward Nominal-Wage Rigidity: Micro Evidence from Tobit Models
https://www.bankofcanada.ca/2001/05/working-paper-2001-7/
This paper uses Tobit models and data for union contracts to examine the extent of downward nominal-wage rigidity in Canada. To be consistent with important stylized facts, the models allow the variance of the notional wage-change distribution to be time-varying and test for menu-cost effects.2001-05-01T10:54:38+00:00enDownward Nominal-Wage Rigidity: Micro Evidence from Tobit Models2001-05-01Inflation targetsLabour marketsWorking Paper 2001-7 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-7.pdfDownward Nominal-Wage Rigidity: Micro Evidence from Tobit ModelsAllan CrawfordGeoff WrightMay 2001EE2E24E5E52E6E61The Zero Bound on Nominal Interest Rates: How Important Is It?
https://www.bankofcanada.ca/2001/04/working-paper-2001-6/
This paper surveys the literature on the zero bound on the nominal interest rate. It addresses questions ranging from the conditions under which the zero bound on the nominal interest rate might occur to policy options to avoid or use to exit from such a situation. We discuss literature that examines historical and country evidence, and literature that uses models to generate evidence on this question.2001-04-01T14:44:59+00:00enThe Zero Bound on Nominal Interest Rates: How Important Is It?2001-04-01CredibilityInflation targetsMonetary policy transmissionWorking Paper 2001-6 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-6.pdfThe Zero Bound on Nominal Interest Rates: How Important Is It?David AmiraultBrian O'ReillyApril 2001EE3E31E5E52E58E6E61The Elements of the Global Network for Large-Value Funds Transfers
https://www.bankofcanada.ca/2001/02/working-paper-2001-1/
The author describes the various elements of the global payment network for large-value funds transfers (G-LVTN) in order to provide a convenient reference document intended for readers in the academic, legal, and financial communities.2001-02-01T12:30:30+00:00enThe Elements of the Global Network for Large-Value Funds Transfers2001-02-01Payment clearing and settlement systemsWorking Paper 2001-1 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp01-1.pdfThe Elements of the Global Network for Large-Value Funds TransfersJames DingleFebruary 2001EE4E40E6E61