Research - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T10:38:03+00:00Are Bygones not Bygones? Modeling Price Level Targeting with an Escape Clause and Lessons from the Gold Standard
https://www.bankofcanada.ca/2008/08/working-paper-2008-27/
Like the gold standard, price level targeting (PT) involves not letting past deviations of inflation be bygones; both regimes return the price level (or price of gold) to its target. The experience of suspension of the gold standard in World War I, resumption in the 1920s (for some countries at a different parity), and final abandonment is reviewed.2008-08-28T11:03:43+00:00enAre Bygones not Bygones? Modeling Price Level Targeting with an Escape Clause and Lessons from the Gold Standard2008-08-28CredibilityMonetary policy frameworkWorking Paper 2008-27 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-27.pdfAre Bygones not Bygones? Modeling Price Level Targeting with an Escape Clause and Lessons from the Gold StandardPaul MassonMalik ShukayevAugust 2008EE3E31E5E52Merchant Acceptance, Costs, and Perceptions of Retail Payments: A Canadian Survey
https://www.bankofcanada.ca/2008/08/discussion-paper-2008-12/
Using the results of a survey on accepted means of payment, the authors examine merchant preferences and perceptions of retail payment reliability, risk, and costs; the share of each type of payment method over total sales; and the costs involved in accepting payments.2008-08-25T14:09:32+00:00enMerchant Acceptance, Costs, and Perceptions of Retail Payments: A Canadian Survey2008-08-25Bank notesDiscussion Paper 2008-12https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp08-12.pdfMerchant Acceptance, Costs, and Perceptions of Retail Payments: A Canadian SurveyCarlos ArangoVarya TaylorAugust 2008EE4E41LL2Price-Level versus Inflation Targeting with Financial Market Imperfections
https://www.bankofcanada.ca/2008/08/working-paper-2008-26/
This paper compares price-level-path targeting (PT) with inflation targeting (IT) in a sticky-price, dynamic, general equilibrium model augmented with imperfections in both the debt and equity markets.2008-08-18T10:50:59+00:00enPrice-Level versus Inflation Targeting with Financial Market Imperfections2008-08-18Economic modelsInflation targetsMonetary policy frameworkWorking Paper 2008-26 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-26.pdfPrice-Level versus Inflation Targeting with Financial Market ImperfectionsFrancisco CovasYahong ZhangAugust 2008EE4E40E5E50Good Policies or Good Fortune: What Drives the Compression in Emerging Market Spreads?
https://www.bankofcanada.ca/2008/08/working-paper-2008-25/
Since 2002, spreads on emerging market sovereign debt have fallen to historical lows. Given the close links between sovereign spreads, capital flows to emerging markets, and economic growth, understanding the factors driving these spreads is very important. We address this issue in two stages.2008-08-06T10:31:29+00:00enGood Policies or Good Fortune: What Drives the Compression in Emerging Market Spreads?2008-08-06Development economicsFinancial stabilityInternational topicsWorking Paper 2008-25 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-25.pdfGood Policies or Good Fortune: What Drives the Compression in Emerging Market Spreads?Philipp MaierGarima VasishthaAugust 2008EE4E43FF3F34GG1G12G15Do Central Banks Respond to Exchange Rate Movements? Some New Evidence from Structural Estimation
https://www.bankofcanada.ca/2008/08/working-paper-2008-24/
This paper investigates the impact of exchange rate movements on the conduct of monetary policy in Australia, Canada, New Zealand and the United Kingdom. We develop and estimate a structural general equilibrium two-sector model with sticky prices and wages and limited exchange rate pass-through.2008-08-02T10:22:37+00:00enDo Central Banks Respond to Exchange Rate Movements? Some New Evidence from Structural Estimation2008-08-02Exchange ratesInternational topicsMonetary policy frameworkWorking Paper 2008-24 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-24.pdfDo Central Banks Respond to Exchange Rate Movements? Some New Evidence from Structural EstimationWei DongAugust 2008FF3F4