Research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T19:42:00+00:00An Evaluation of MLE in a Model of the Nonlinear Continuous-Time Short-Term Interest Rate
https://www.bankofcanada.ca/2005/12/working-paper-2005-45/
The author compares the performance of three Gaussian approximation methods - by Nowman (1997), Shoji and Ozaki (1998), and Yu and Phillips (2001) - in estimating a model of the nonlinear continuous-time short-term interest rate.2005-12-03T11:37:34+00:00enAn Evaluation of MLE in a Model of the Nonlinear Continuous-Time Short-Term Interest Rate2005-12-03Econometric and statistical methodsInterest ratesWorking Paper 2005-45 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-45.pdfAn Evaluation of MLE in a Model of the Nonlinear Continuous-Time Short-Term Interest RateIngrid LoDecember 2005CC1EE4Forecasting Core Inflation in Canada: Should We Forecast the Aggregate or the Components?
https://www.bankofcanada.ca/2005/12/working-paper-2005-44/
The authors investigate the behaviour of core inflation in Canada to analyze three key issues: (i) homogeneity in the response of various price indexes to demand or real exchange rate shocks relative to the response of aggregate core inflation; (ii) whether using disaggregate data helps to improve the forecast of core inflation; and (iii) whether using monthly data helps to improve quarterly forecasts.2005-12-03T11:32:19+00:00enForecasting Core Inflation in Canada: Should We Forecast the Aggregate or the Components?2005-12-03Econometric and statistical methodsInflation and pricesWorking Paper 2005-44 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-44.pdfForecasting Core Inflation in Canada: Should We Forecast the Aggregate or the Components?Frédérick DemersAnnie De ChamplainDecember 2005CC5EE3E37The 1975–78 Anti-Inflation Program in Retrospect
https://www.bankofcanada.ca/2005/12/working-paper-2005-43/
The author provides an overview of the 1975–78 Anti-Inflation Program (AIP), in a background document prepared for a seminar organized by the Bank of Canada to mark the AIP's 30th anniversary.2005-12-02T16:26:02+00:00enThe 1975–78 Anti-Inflation Program in Retrospect2005-12-02CredibilityFiscal policyInflation and pricesInflation targetsMonetary policy frameworkMonetary policy implementationWorking Paper 2005-43 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-43.pdfThe 1975–78 Anti-Inflation Program in RetrospectJohn SargentDecember 2005EE3E31E5E52E6E63E64E65Order Submission: The Choice between Limit and Market Orders
https://www.bankofcanada.ca/2005/12/working-paper-2005-42/
Most financial markets allow investors to submit both limit and market orders, but it is not always clear what affects the choice of order type.2005-12-02T16:00:57+00:00enOrder Submission: The Choice between Limit and Market Orders2005-12-02Exchange ratesFinancial institutionsMarket structure and pricingWorking Paper 2005-42 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-42.pdfOrder Submission: The Choice between Limit and Market OrdersIngrid LoStephen SappDecember 2005DD4GG1Modelling and Forecasting Housing Investment: The Case of Canada
https://www.bankofcanada.ca/2005/12/working-paper-2005-41/
The author proposes and evaluates econometric models that try to explain and forecast real quarterly housing expenditures in Canada. Structural and leading-indicator models of the Canadian housing sector are described.2005-12-01T15:55:15+00:00enModelling and Forecasting Housing Investment: The Case of Canada2005-12-01Econometric and statistical methodsEconomic modelsWorking Paper 2005-41 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-41.pdfModelling and Forecasting Housing Investment: The Case of CanadaFrédérick DemersDecember 2005EE2E27RR2R21Subordinated Debt and Market Discipline in Canada
https://www.bankofcanada.ca/2005/12/working-paper-2005-40/
The author documents the use by Canadian banks of subordinated debt (SD) as a capital instrument.2005-12-01T14:40:43+00:00enSubordinated Debt and Market Discipline in Canada2005-12-01Financial institutionsWorking Paper 2005-40 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-40.pdfSubordinated Debt and Market Discipline in CanadaGreg CaldwellDecember 2005GG2G21G28Measurement Bias in the Canadian Consumer Price Index
https://www.bankofcanada.ca/2005/12/working-paper-2005-39/
The consumer price index (CPI) is the most commonly used measure of inflation in Canada.2005-12-01T14:32:42+00:00enMeasurement Bias in the Canadian Consumer Price Index2005-12-01Inflation and pricesInflation targetsWorking Paper 2005-39 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-39.pdfMeasurement Bias in the Canadian Consumer Price IndexJames RossiterDecember 2005EE3E31E5E52An Empirical Analysis of Foreign Exchange Reserves in Emerging Asia
https://www.bankofcanada.ca/2005/12/working-paper-2005-38/
Over the past few years, the ability of the United States to finance its current account deficit has been facilitated by massive purchases of U.S.2005-12-01T10:40:41+00:00enAn Empirical Analysis of Foreign Exchange Reserves in Emerging Asia2005-12-01Econometric and statistical methodsFinancial stabilityInternational topicsWorking Paper 2005-38 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-38.pdfAn Empirical Analysis of Foreign Exchange Reserves in Emerging AsiaMarc-André GosselinNicolas ParentDecember 2005CC2C23FF3F31GG1G15Quantity, Quality, and Relevance: Central Bank Research, 1990–2003
https://www.bankofcanada.ca/2005/12/working-paper-2005-37/
The authors document the research output of 34 central banks from 1990 to 2003, and use proxies of research inputs to measure the research productivity of central banks over this period.2005-12-01T10:00:29+00:00enQuantity, Quality, and Relevance: Central Bank Research, 1990–20032005-12-01Central bank researchWorking Paper 2005-37 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-37.pdfQuantity, Quality, and Relevance: Central Bank Research, 1990–2003Pierre St-AmantGreg TkaczAnnie Guérard-LangloisLouis MorelDecember 2005EE5E59MUSE: The Bank of Canada's New Projection Model of the U.S. Economy
https://www.bankofcanada.ca/2005/12/technical-report-no96/
The analysis and forecasting of developments in the U.S. economy have always played a critical role in the formulation of Canadian economic and financial policy. Thus, the Bank places considerable importance on generating internal forecasts of U.S. economic activity as an input to the Canadian projection.2005-12-01T09:57:40+00:00enMUSE: The Bank of Canada's New Projection Model of the U.S. Economy2005-12-01Business fluctuations and cyclesEconomic modelsTechnical Report 96 https://www.bankofcanada.ca/wp-content/uploads/2010/01/tr96.pdfMUSE: The Bank of Canada's New Projection Model of the U.S. EconomyMarc-André GosselinRené LalondeDecember 2005CC5C53EE1E17E2E27E3E37FF1F17