E50 - General - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T00:30:25+00:00Financial Intermediation, Liquidity and Inflation
https://www.bankofcanada.ca/2008/12/working-paper-2008-49/
This paper develops a search-theoretic model to study the interaction between banking and monetary policy and how this interaction affects the allocation and welfare. Regarding how banking affects the welfare costs of inflation: First, we find that, with banking, inflation generates smaller welfare costs.2008-12-28T10:30:11+00:00enFinancial Intermediation, Liquidity and Inflation2008-12-28Monetary policy frameworkWorking Paper 2008-49 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-49.pdfFinancial Intermediation, Liquidity and InflationJonathan ChiuCésaire MehDecember 2008EE4E40E5E50Which Bank is the "Central" Bank? An Application of Markov Theory to the Canadian Large Value Transfer System
https://www.bankofcanada.ca/2008/10/working-paper-2008-42/
We use a method similar to Google's PageRank procedure to rank banks in the Canadian Large Value Transfer System (LVTS). Along the way we obtain estimates of the payment processing speeds for the individual banks.2008-10-26T16:11:24+00:00enWhich Bank is the "Central" Bank? An Application of Markov Theory to the Canadian Large Value Transfer System2008-10-26Payment clearing and settlement systemsWorking Paper 2008-42 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-42.pdfWhich Bank is the "Central" Bank? An Application of Markov Theory to the Canadian Large Value Transfer SystemMorten BechJames ChapmanRodney J. GarrattOctober 2008CC1C11EE5E50GG2G20The Welfare Implications of Fiscal Dominance
https://www.bankofcanada.ca/2008/09/working-paper-2008-28/
This paper studies the interdependence between fiscal and monetary policy in a DSGE model with sticky prices and non-zero trend inflation. We characterize the fiscal and monetary policies by a rule whereby a given fraction k of the government debt must be backed by the discounted value of current and future primary surpluses.2008-09-02T11:08:46+00:00enThe Welfare Implications of Fiscal Dominance2008-09-02Economic modelsFiscal policyInflation: costs and benefitsMonetary policy frameworkWorking Paper 2008-28 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-28.pdfThe Welfare Implications of Fiscal DominanceCarlos De ResendeNooman RebeiSeptember 2008EE3E31E4E42E5E50E6E63Price-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 2008EE4E40E5E50Inflation, Nominal Portfolios, and Wealth Redistribution in Canada
https://www.bankofcanada.ca/2008/06/working-paper-2008-19/
There is currently a policy debate on potential refinements to monetary policy regimes in countries with low and stable inflation such as the U.S. and Canada. For example, in Canada, a systematic review of the current inflation targeting framework is underway.2008-06-18T09:31:05+00:00enInflation, Nominal Portfolios, and Wealth Redistribution in Canada2008-06-18Inflation and pricesInflation targetsInflation: costs and benefitsMonetary policy frameworkSectoral balance sheetWorking Paper 2008-19https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-19.pdfInflation, Nominal Portfolios, and Wealth Redistribution in CanadaCésaire MehYaz TerajimaJune 2008DD3D31D5D58EE3E31E5E50Uncertainty, Inflation, and Welfare
https://www.bankofcanada.ca/2008/05/working-paper-2008-13/
This paper studies the welfare costs and the redistributive effects of inflation in the presence of idiosyncratic liquidity risk, in a micro-founded search-theoretical monetary model. We calibrate the model to match the empirical aggregate money demand and the distribution of money holdings across households, and study the effects of inflation under the implied degree of market incompleteness.2008-05-08T12:19:21+00:00enUncertainty, Inflation, and Welfare2008-05-08Inflation: costs and benefitsMonetary policy frameworkWorking Paper 2008-13 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-13.pdfUncertainty, Inflation, and WelfareJonathan ChiuMiguel MolicoMay 2008EE4E40E5E50