N - Economic History - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T05:13:23+00:00Canada'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 2007EE3E32E37FF3F31F32NN1Term 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 2007EE3E5NN1Do We Need the IMF to Resolve a Crisis? Lessons from Past Episodes of Debt Restructuring
https://www.bankofcanada.ca/2007/02/working-paper-2007-10/
This study investigate how debt restructurings have evolved over the decades. Debtors and creditors have a long history of engaging an outsider – a “third party”, such as the IMF – to organise and facilitate debt restructurings.2007-02-10T11:56:21+00:00enDo We Need the IMF to Resolve a Crisis? Lessons from Past Episodes of Debt Restructuring2007-02-10Financial stabilityInternational topicsWorking Paper 2007-10 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-10.pdfDo We Need the IMF to Resolve a Crisis? Lessons from Past Episodes of Debt RestructuringPhilipp MaierFebruary 2007EE5FF3NN1N2