Exchange rates - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T23:04:11+00:00Characterization of the Dynamic Effects of Fiscal Shocks in a Small Open Economy
https://www.bankofcanada.ca/2004/11/working-paper-2004-41/
The author studies the macroeconomic consequences of discretionary changes in the fiscal policy instruments for Canada.2004-11-01T16:35:28+00:00enCharacterization of the Dynamic Effects of Fiscal Shocks in a Small Open Economy2004-11-01Economic modelsExchange ratesFiscal policyWorking Paper 2004-41 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-41.pdfCharacterization of the Dynamic Effects of Fiscal Shocks in a Small Open EconomyNooman RebeiNovember 2004EE3E32E6E62Optimal 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 2004FF2F3F31F33Exchange Rate Pass-Through and the Inflation Environment in Industrialized Countries: An Empirical Investigation
https://www.bankofcanada.ca/2004/06/working-paper-2004-21/
This paper investigates the question of whether a transition to a low-inflation environment, induced by a shift in monetary policy, results in a decline in the degree of pass-through of exchange rate movements to consumer prices.2004-06-01T14:48:59+00:00enExchange Rate Pass-Through and the Inflation Environment in Industrialized Countries: An Empirical Investigation2004-06-01Exchange ratesInflation and pricesInternational topicsWorking Paper 2004-21 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-21.pdfExchange Rate Pass-Through and the Inflation Environment in Industrialized Countries: An Empirical InvestigationJeannine BailliuEiji FujiiJune 2004EE3E31E4E42FF3F31Exchange Rate Pass-Through in Industrialized Countries
https://www.bankofcanada.ca/wp-content/uploads/2010/06/bailliue.pdf
Economists' long-standing interest in the degree to which exchange rate movements are reflected in prices was rekindled in the 1970s by a combination of rising inflation and the adoption of more flexible exchange rate regimes in many industrialized countries. Specifically, there were concerns that a large currency depreciation could degenerate into an inflationary spiral. Such fears were curtailed in the 1980s and early 1990s as industrialized countries began to reduce and stabilize their inflation rates. The low-inflation period most industrialized countries entered approximately a decade ago coincided with significant exchange rate depreciations that had much smaller effects on consumer prices than expected. This led to a belief that the extent to which exchange rate movements are passed through to consumer prices has declined. In this article, the authors examine why pass-through could be incomplete and review empirical estimates to determine whether pass-through has indeed declined, suggesting possible reasons for this decline and discussing the implications for monetary policy.2004-05-22T13:34:08+00:00enExchange Rate Pass-Through in Industrialized Countries2004-05-22When Bad Things Happen to Good Banks: Contagious Bank Runs and Currency Crises
https://www.bankofcanada.ca/2004/05/working-paper-2004-18/
The author develops a twin crisis model featuring multiple banks.2004-05-01T13:17:35+00:00enWhen Bad Things Happen to Good Banks: Contagious Bank Runs and Currency Crises2004-05-01Exchange ratesFinancial institutionsWorking Paper 2004-18 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp04-18.pdfWhen Bad Things Happen to Good Banks: Contagious Bank Runs and Currency CrisesRaphael SolomonMay 2004EE5E58FF3F30GG2G21