Monetary policy transmission - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T06:40:34+00:00Endogenously 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 2007EE3E31E4E41E5E50Should Central Banks Adjust Their Target Horizons in Response to House-Price Bubbles?
https://www.bankofcanada.ca/2007/05/discussion-paper-2007-4/
The authors investigate the implications of house-price bubbles for the optimal inflation-target horizon using a dynamic general-equilibrium model with credit frictions, house-price bubbles, and small open-economy features. They find that, given the distribution of shocks and inflation persistence over the past 25 years, the optimal target horizon for Canada tends to be at the lower […]2007-05-11T11:18:58+00:00enShould Central Banks Adjust Their Target Horizons in Response to House-Price Bubbles?2007-05-11Central bank researchCredit and credit aggregatesEconomic modelsInflation targetsMonetary policy frameworkMonetary policy transmissionDiscussion Paper 2007-4https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp07-4.pdfShould Central Banks Adjust Their Target Horizons in Response to House-Price Bubbles?Meenakshi Basant RoiRhys R. MendesMay 2007EE4E42E44E5E52E58E6E61Micro Foundations of Price-Setting Behaviour: Evidence from Canadian Firms
https://www.bankofcanada.ca/2007/05/working-paper-2007-31/
How do firms adjust prices in the marketplace? Do they tend to adjust prices infrequently in response to changes in market conditions? If so, why? These remain key questions in macroeconomics, particularly for central banks that work to keep inflation low and stable.2007-05-01T17:09:29+00:00enMicro Foundations of Price-Setting Behaviour: Evidence from Canadian Firms2007-05-01Inflation and pricesMonetary policy transmissionWorking Paper 2007-31 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp07-31.pdfMicro Foundations of Price-Setting Behaviour: Evidence from Canadian FirmsDaniel de MunnikKuan XuMay 2007DD4D40EE3E30LL1L11Term 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 2007EE3E5NN1