Staff working papers - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T06:40:22+00:00The Implications of Transmission and Information Lags for the Stabilization Bias and Optimal Delegation
https://www.bankofcanada.ca/2004/09/working-paper-2004-37/
In two recent papers, Jensen (2002) and Walsh (2003), using a hybrid New Keynesian model, demonstrate that a regime that targets either nominal income growth or the change in the output gap can effectively replicate the outcome under commitment and hence reduce the size of the stabilization bias.2004-09-01T15:49:00+00:00enThe Implications of Transmission and Information Lags for the Stabilization Bias and Optimal Delegation2004-09-01Inflation targetsMonetary policy transmissionWorking Paper 2004-37 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-37.pdfThe Implications of Transmission and Information Lags for the Stabilization Bias and Optimal DelegationJean-Paul LamFlorian PelgrinSeptember 2004EE5E52E58E6E62Optimal Taylor Rules in an Estimated Model of a Small Open Economy
https://www.bankofcanada.ca/2004/09/working-paper-2004-36/
The authors compute welfare-maximizing Taylor rules in a dynamic general-equilibrium model of a small open economy.2004-09-01T15:37:21+00:00enOptimal Taylor Rules in an Estimated Model of a Small Open Economy2004-09-01Economic modelsExchange ratesInflation targetsWorking Paper 2004-36 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-36.pdfOptimal Taylor Rules in an Estimated Model of a Small Open EconomySteve AmblerAli DibNooman RebeiSeptember 2004FF2F3F31F33The U.S. New Keynesian Phillips Curve: An Empirical Assessment
https://www.bankofcanada.ca/2004/09/working-paper-2004-35/
The authors examine the evidence presented by Galí and Gertler (1999) and Galí, Gertler, and Lopez-Salido (2001, 2003) that the inflation dynamics in the United States can be well-described by the New Keynesian Phillips curve (NKPC).2004-09-01T15:13:48+00:00enThe U.S. New Keynesian Phillips Curve: An Empirical Assessment2004-09-01Econometric and statistical methodsInflation and pricesWorking Paper 2004-35 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-35.pdfThe U.S. New Keynesian Phillips Curve: An Empirical AssessmentAlain GuayFlorian PelgrinSeptember 2004CC1C13C5C52EE3E31Market Valuation and Risk Assessment of Canadian Banks
https://www.bankofcanada.ca/2004/09/working-paper-2004-34/
The authors apply the asset-valuation model developed by Rabinovitch (1989) to six publicly traded Canadian banks over the period 1982–2002.2004-09-01T13:29:34+00:00enMarket Valuation and Risk Assessment of Canadian Banks2004-09-01Financial institutionsWorking Paper 2004-34 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-34.pdfMarket Valuation and Risk Assessment of Canadian BanksYing LiuMingwei YuanEli PapakirykosSeptember 2004GG1G12G2G21Counterfeiting: A Canadian Perspective
https://www.bankofcanada.ca/2004/09/working-paper-2004-33/
Counterfeiting is a significant public policy issue, because paper money, despite rumours of its demise, remains an important part of our payments system.2004-09-01T13:25:29+00:00enCounterfeiting: A Canadian Perspective2004-09-01Bank notesWorking Paper 2004-33https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-33.pdfCounterfeiting: A Canadian PerspectiveJohn ChantSeptember 2004EE5E58Investment, Private Information, and Social Learning: A Case Study of the Semiconductor Industry
https://www.bankofcanada.ca/2004/09/working-paper-2004-32/
Social learning models of investment provide an interesting explanation for sudden changes in investment behaviour.2004-09-01T13:21:23+00:00enInvestment, Private Information, and Social Learning: A Case Study of the Semiconductor Industry2004-09-01Business fluctuations and cyclesWorking Paper 2004-32 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-32.pdfInvestment, Private Information, and Social Learning: A Case Study of the Semiconductor IndustryRose CunninghamSeptember 2004CC3C35EE3E32LL6L63