Research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T14:08:17+00:00Governance and Financial Fragility: Evidence from a Cross-Section of Countries
https://www.bankofcanada.ca/2003/10/working-paper-2003-34/
The author explores the role of governance mechanisms as a means of reducing financial fragility. First, he develops a simple theoretical general-equilibrium model in which instability arises due to an agency problem resulting from a conflict of interest between the borrower and lender.2003-10-05T14:52:40+00:00enGovernance and Financial Fragility: Evidence from a Cross-Section of Countries2003-10-05Business fluctuations and cyclesFinancial marketsWorking Paper 2003-34 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-34.pdfGovernance and Financial Fragility: Evidence from a Cross-Section of CountriesMichael FrancisOctober 2003GG0Do Peer Group Members Outperform Individual Borrowers? A Test of Peer Group Lending Using Canadian Micro-Credit Data
https://www.bankofcanada.ca/2003/10/working-paper-2003-33/
Microfinance institutions now serve over 10 million poor households in the developing and developed world, and much of their success has been attributed to their innovative use of peer group lending. There is very little empirical evidence, however, to suggest that group lending schemes offer a superior institutional design over lending programs that serve individual borrowers.2003-10-04T14:22:52+00:00enDo Peer Group Members Outperform Individual Borrowers? A Test of Peer Group Lending Using Canadian Micro-Credit Data2003-10-04Development economicsWorking Paper 2003-33 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-33.pdfDo Peer Group Members Outperform Individual Borrowers? A Test of Peer Group Lending Using Canadian Micro-Credit DataRafael GomezEric SantorOctober 2003EJJ2J23OO1O17The Canadian Phillips Curve and Regime Shifting
https://www.bankofcanada.ca/2003/10/working-paper-2003-32/
Phillips curves are generally estimated under the assumption of linearity and parameter constancy. Linear models of inflation, however, have recently been criticized for their poor forecasting performance.2003-10-03T14:06:57+00:00enThe Canadian Phillips Curve and Regime Shifting2003-10-03Econometric and statistical methodsInflation and pricesWorking Paper 2003-32 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-32.pdfThe Canadian Phillips Curve and Regime ShiftingFrédérick DemersOctober 2003CC5C52EE3E31A Simple Test of Simple Rules: Can They Improve How Monetary Policy is Implemented with Inflation Targets?
https://www.bankofcanada.ca/2003/10/working-paper-2003-31/
The authors evaluate whether an assortment of simple rules could improve how the Bank of Canada implements its inflation-targeting monetary policy. They focus on measuring the correlation between the deviations of inflation from the target and the lagged deviations of rule recommendations from the actual policy interest rate.2003-10-02T12:35:31+00:00enA Simple Test of Simple Rules: Can They Improve How Monetary Policy is Implemented with Inflation Targets?2003-10-02Inflation targetsMonetary policy implementationWorking Paper 2003-31 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-31.pdfA Simple Test of Simple Rules: Can They Improve How Monetary Policy is Implemented with Inflation Targets?Nicholas RoweDavid TulkOctober 2003EE5Are Wealth Effects Important for Canada?
https://www.bankofcanada.ca/2003/10/working-paper-2003-30/
The authors examine the link between consumption and disaggregate wealth in Canada. They use a vector-error-correction model in which permanent and transitory shocks are identified using the restrictions implied by cointegration proposed by King, Plosser, Stock, and Watson (1991) and Gonzalo and Granger (1995).2003-10-01T12:05:12+00:00enAre Wealth Effects Important for Canada?2003-10-01Domestic demand and componentsWorking Paper 2003-30 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-30.pdfAre Wealth Effects Important for Canada?Lise PichetteDominique TremblayOctober 2003CC3C32EE2E21