Monetary policy transmission - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T10:20:33+00:00Alternative Public Spending Rules and Output Volatility
https://www.bankofcanada.ca/2002/11/working-paper-2002-37/
One of the central lessons learned from the Great Depression was that adjusting government spending each year to balance the budget increases the volatility of output.2002-11-01T15:43:06+00:00enAlternative Public Spending Rules and Output Volatility2002-11-01Economic modelsFiscal policyMonetary policy transmissionWorking Paper 2002-37 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp02-37.pdfAlternative Public Spending Rules and Output VolatilityJean-Paul LamWilliam ScarthNovember 2002EE5E52E58E6E62Labour Markets, Liquidity, and Monetary Policy Regimes
https://www.bankofcanada.ca/2002/11/working-paper-2002-32/
We develop an equilibrium model of the monetary policy transmission mechanism that highlights information frictions in the market for money and search frictions in the market for labour.2002-11-01T13:50:16+00:00enLabour Markets, Liquidity, and Monetary Policy Regimes2002-11-01Monetary policy and uncertaintyMonetary policy transmissionWorking Paper 2002-32 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp02-32.pdfLabour Markets, Liquidity, and Monetary Policy RegimesDavid AndolfattoScott HendryKevin MoranNovember 2002EE4E5Habit Formation and the Persistence of Monetary Shocks
https://www.bankofcanada.ca/2002/10/working-paper-2002-27/
This paper studies the persistent effects of monetary shocks on output. Previous empirical literature documents this persistence, but standard general-equilibrium models with sticky prices fail to generate output responses beyond the duration of nominal contracts.2002-10-01T11:29:56+00:00enHabit Formation and the Persistence of Monetary Shocks2002-10-01Business fluctuations and cyclesMonetary policy transmissionWorking Paper 2002-27 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp02-27.pdfHabit Formation and the Persistence of Monetary ShocksHafedh BouakezEmanuela CardiaFrancisco Ruge-MurciaOctober 2002EE3E4E5Nominal Rigidity, Desired Markup Variations, and Real Exchange Rate Persistence
https://www.bankofcanada.ca/2002/09/working-paper-2002-26/
This paper develops and estimates a dynamic general-equilibrium sticky-price model that accounts for real exchange rate persistence.2002-09-01T11:12:40+00:00enNominal Rigidity, Desired Markup Variations, and Real Exchange Rate Persistence2002-09-01Exchange ratesMarket structure and pricingMonetary policy transmissionWorking Paper 2002-26 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp02-26.pdfNominal Rigidity, Desired Markup Variations, and Real Exchange Rate PersistenceHafedh BouakezSeptember 2002FF3F31F4F41Corporate Bond Spreads and the Business Cycle
https://www.bankofcanada.ca/2002/06/working-paper-2002-15/
This paper examines the predictive power of credit spreads from the corporate bond market. The high-yield bond spread and investment-grade spread can explain 68 per cent and 42 per cent of output variations one year ahead, while the term spread based on government debts can explain only 12 per cent of them.2002-06-01T12:53:32+00:00enCorporate Bond Spreads and the Business Cycle2002-06-01Financial marketsMonetary and financial indicatorsMonetary policy transmissionWorking Paper 2002-15 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp02-15.pdfCorporate Bond Spreads and the Business CycleZhiwei ZhangJune 2002EE3E5GG1