Sharon Kozicki - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T10:17:54+00:00Estimation and Inference by the Method of Projection Minimum Distance
https://www.bankofcanada.ca/2007/12/working-paper-2007-56/
A covariance-stationary vector of variables has a Wold representation whose coefficients can be semi-parametrically estimated by local projections (Jordà, 2005). Substituting the Wold representations for variables in model expressions generates restrictions that can be used by the method of minimum distance to estimate model parameters.2007-12-02T09:26:00+00:00enEstimation and Inference by the Method of Projection Minimum Distance2007-12-02Econometric and statistical methodsWorking Paper 2007-56 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-56.pdfEstimation and Inference by the Method of Projection Minimum DistanceÒscar JordàSharon KozickiDecember 2007CC3C32C5C53EE4E47Term Structure Transmission of Monetary Policy
https://www.bankofcanada.ca/2007/04/working-paper-2007-30/
Under bond-rate transmission of monetary policy, the authors show that a generalized Taylor Principle applies, in which the average anticipated path of policy responses to inflation is subject to a lower bound of unity. This result helps explain how bond rates may exhibit stable responses to inflation, even in periods of passive policy.2007-04-06T16:12:37+00:00enTerm Structure Transmission of Monetary Policy2007-04-06Interest ratesMonetary policy transmissionWorking Paper 2007-30 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-30.pdfTerm Structure Transmission of Monetary PolicySharon KozickiP. A. TinsleyApril 2007EE3E5NN1Perhaps the FOMC Did What It Said It Did: An Alternative Interpretation of the Great Inflation
https://www.bankofcanada.ca/2007/03/working-paper-2007-19/
This paper uses real-time briefing forecasts prepared for the Federal Open Market Committee (FOMC) to provide estimates of historical changes in the design of U.S. monetary policy and in the implied central-bank target for inflation. Empirical results support a description of policy with an effective inflation target of roughly 7 percent in the 1970s.2007-03-06T15:15:41+00:00enPerhaps the FOMC Did What It Said It Did: An Alternative Interpretation of the Great Inflation2007-03-06Central bank researchMonetary aggregatesMonetary policy implementationWorking Paper 2007-19 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-19.pdfPerhaps the FOMC Did What It Said It Did: An Alternative Interpretation of the Great InflationSharon KozickiP. A. TinsleyMarch 2007EE3E5NN1