E3 - Prices, Business Fluctuations, and Cycles - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T00:17:07+00:00The Impact of Emerging Asia on Commodity Prices
https://www.bankofcanada.ca/2007/12/working-paper-2007-55/
Over the past 5 years, real energy and non-energy commodity prices have trended sharply higher. These relative price movements have had important implications for inflation and economic activity in both Canada and the rest of the world. China has accounted for the bulk of incremental demand for oil and many base metals over this period.2007-12-01T09:20:50+00:00enThe Impact of Emerging Asia on Commodity Prices2007-12-01Business fluctuations and cyclesInternational topicsWorking Paper 2007-55 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-55.pdfThe Impact of Emerging Asia on Commodity PricesSylvie MorinCalista CheungDecember 2007EE3FF4OO1O19QQ1Q11Price-Level Targeting and Stabilization Policy: A Review
https://www.bankofcanada.ca/2007/10/discussion-paper-2007-11/
The author surveys recent articles on the costs and benefits of price-level targeting versus inflation targeting, focusing on the benefits and costs of price-level targeting as a tool for stabilization policy. He reviews papers that examine how price-level targeting affects the short-run trade-off between output and inflation variability by influencing expectations of future inflation. The […]2007-10-21T10:51:38+00:00enPrice-Level Targeting and Stabilization Policy: A Review2007-10-21Monetary policy frameworkDiscussion Paper 2007-11https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp07-11.pdfPrice-Level Targeting and Stabilization Policy: A ReviewSteve AmblerOctober 2007EE3E31E32E5E52The Direct Effect of China on Canadian Consumer Prices: An Empirical Assessment
https://www.bankofcanada.ca/2007/09/discussion-paper-2007-10/
The author investigates the direct effect of Chinese imported goods on consumer prices in Canada. On average, over the 2001–06 period, the direct effect of consumer goods imported from China is estimated to have reduced the inflation rate by about 0.1 percentage points per year. This disinflationary effect is due to two causes: first, the […]2007-09-18T16:28:22+00:00enThe Direct Effect of China on Canadian Consumer Prices: An Empirical Assessment2007-09-18Inflation and pricesDiscussion Paper 2007-10https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp07-10.pdfThe Direct Effect of China on Canadian Consumer Prices: An Empirical AssessmentLouis MorelSeptember 2007EE3E31The Bank of Canada's Version of the Global Economy Model (BoC-GEM)
https://www.bankofcanada.ca/2007/09/technical-report-no98/
The Bank of Canada's version of the Global Economy Model (BoC-GEM) is derived from the model created at the International Monetary Fund by Douglas Laxton (IMF) and Paolo Pesenti (Federal Reserve Bank of New York and National Bureau of Economic Research).2007-09-09T11:58:25+00:00enThe Bank of Canada's Version of the Global Economy Model (BoC-GEM)2007-09-09Business fluctuations and cyclesEconomic modelsInternational topicsTechnical Report 98 https://www.bankofcanada.ca/wp-content/uploads/2009/12/tr98.pdfThe Bank of Canada's Version of the Global Economy Model (BoC-GEM)René LalondeDirk MuirSeptember 2007CC6C68EE2E27E3E37FF3F32F4F47Endogenously Segmented Asset Market in an Inventory Theoretic Model of Money Demand
https://www.bankofcanada.ca/2007/08/working-paper-2007-46/
This paper studies the effects of monetary policy in an inventory theoretic model of money demand. In this model, agents keep inventories of money, despite the fact that money is dominated in rate of return by interest bearing assets, because they must pay a fixed cost to transfer funds between the asset market and the goods market.2007-08-06T11:36:22+00:00enEndogenously Segmented Asset Market in an Inventory Theoretic Model of Money Demand2007-08-06Monetary policy frameworkMonetary policy transmissionWorking Paper 2007-46 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-46.pdfEndogenously Segmented Asset Market in an Inventory Theoretic Model of Money DemandJonathan ChiuAugust 2007EE3E31E4E41E5E50Canada's Pioneering Experience with a Flexible Exchange Rate in the 1950s: (Hard) Lessons Learned for Monetary Policy in a Small Open Economy
https://www.bankofcanada.ca/2007/08/working-paper-2007-45/
This paper revisits Canada's pioneering experience with floating exchange rate over the period 1950–1962. It examines whether the floating rate was the best option for Canada in the 1950s by developing and estimating a New Keynesian small open economy model of the Canadian economy.2007-08-04T11:31:35+00:00enCanada's Pioneering Experience with a Flexible Exchange Rate in the 1950s: (Hard) Lessons Learned for Monetary Policy in a Small Open Economy2007-08-04Economic modelsExchange ratesWorking Paper 2007-45 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-45.pdfCanada’s Pioneering Experience with a Flexible Exchange Rate in the 1950s: (Hard) Lessons Learned for Monetary Policy in a Small Open EconomyMichael BordoAli DibLawrence L. SchembriAugust 2007EE3E32E37FF3F31F32NN1Cyclical Behavior of Debt and Equity Using a Panel of Canadian Firms
https://www.bankofcanada.ca/2007/08/working-paper-2007-44/
We document the cyclical behavior of debt, equity, and retained earnings for different firm categories using firm-level Canadian data.2007-08-03T11:16:09+00:00enCyclical Behavior of Debt and Equity Using a Panel of Canadian Firms2007-08-03Business fluctuations and cyclesWorking Paper 2007-44 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-44.pdfCyclical Behavior of Debt and Equity Using a Panel of Canadian FirmsFrancisco CovasWouter den HaanAugust 2007EE3E32GG3G32The Canadian Business Cycle: A Comparison of Models
https://www.bankofcanada.ca/2007/07/working-paper-2007-38/
This paper examines the ability of linear and nonlinear models to replicate features of real Canadian GDP. We evaluate the models using various business-cycle metrics.2007-07-01T12:54:10+00:00enThe Canadian Business Cycle: A Comparison of Models2007-07-01Business fluctuations and cyclesEconometric and statistical methodsWorking Paper 2007-38 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-38.pdfThe Canadian Business Cycle: A Comparison of ModelsFrédérick DemersRyan MacdonaldJuly 2007CC3C32EE3E37Cross-Country Estimates of the Degree of Fiscal Dominance and Central Bank Independence
https://www.bankofcanada.ca/2007/06/working-paper-2007-36/
This paper studies the interdependence between fiscal and monetary policies, and their joint role in the determination of the price level.2007-06-02T12:41:33+00:00enCross-Country Estimates of the Degree of Fiscal Dominance and Central Bank Independence2007-06-02Central bank researchFiscal policyInflation: costs and benefitsWorking Paper 2007-36 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-36.pdfCross-Country Estimates of the Degree of Fiscal Dominance and Central Bank IndependenceCarlos De ResendeJune 2007EE3E31E4E42E5E50E6E63Gold Prices and Inflation
https://www.bankofcanada.ca/2007/06/working-paper-2007-35/
Using data for 14 countries over the 1994 to 2005 period, we assess the leading indicator properties of gold at horizons ranging from 6 to 24 months.2007-06-01T12:36:16+00:00enGold Prices and Inflation2007-06-01Exchange ratesInflation and pricesWorking Paper 2007-35 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-35.pdfGold Prices and InflationGreg TkaczJune 2007EE3E31E4E44