Research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T23:21:31+00:00Comparing Alternative Output-Gap Estimators: A Monte Carlo Approach
https://www.bankofcanada.ca/2003/03/working-paper-2003-8/
The author evaluates the ability of a variety of output-gap estimators to accurately measure the output gap in a model economy. A small estimated model of the Canadian economy is used to generate artificial data.2003-03-01T11:14:35+00:00enComparing Alternative Output-Gap Estimators: A Monte Carlo Approach2003-03-01Business fluctuations and cyclesEconometric and statistical methodsPotential outputWorking Paper 2003-8 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-8.pdfComparing Alternative Output-Gap Estimators: A Monte Carlo ApproachAndrew RennisonMarch 2003CC1C15EE3E32Testing the Stability of the Canadian Phillips Curve Using Exact Methods
https://www.bankofcanada.ca/2003/03/working-paper-2003-7/
Postulating two different specifications for the Canadian Phillips curve (a purely backwardlooking model, and a partly backward-, partly forward-looking model), the authors test for structural breaks in the parameters of the equation. In each case, they account for the possibilities that: (i) breaks can be discrete, or continuous, and (ii) available data samples may be too small to justify using asymptotically valid structural-change tests.2003-03-01T09:34:15+00:00enTesting the Stability of the Canadian Phillips Curve Using Exact Methods2003-03-01Econometric and statistical methodsWorking Paper 2003-7 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-7.pdfTesting the Stability of the Canadian Phillips Curve Using Exact MethodsLynda KhalafMaral KichianMarch 2003CC1C15C5C52EE3E31E37Valuation of Canadian- vs. U.S.-Listed Equity: Is There a Discount?
https://www.bankofcanada.ca/2003/03/working-paper-2003-6/
The authors examine how the valuation multiples assigned to the equity of Canadian-listed firms compare with the equity of comparable firms listed in the United States. They find that Canadian-listed firms trade at a discount to U.S.-listed firms across a range of valuation measures.2003-03-01T09:13:49+00:00enValuation of Canadian- vs. U.S.-Listed Equity: Is There a Discount?2003-03-01Financial marketsWorking Paper 2003-6 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-6.pdfValuation of Canadian- vs. U.S.-Listed Equity: Is There a Discount?Michael R. KingDan SegalMarch 2003GG1G12G15