Research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T15:20:05+00:00Assessing the Implementation of the IMF's 2007 Surveillance Decision
https://www.bankofcanada.ca/2009/02/discussion-paper-2009-6/
The International Monetary Fund (IMF) recently adopted the "2007 Decision on Bilateral Surveillance Over Members' Policies," a landmark reform that modernizes the general principles of IMF surveillance. However, support for the reform was not unanimous, and doubts have been expressed about how the Decision would be applied in practice. The authors assess the first year […]2009-02-27T20:00:00+00:00enAssessing the Implementation of the IMF's 2007 Surveillance Decision2009-02-27International topicsDiscussion Paper 2009-6https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp09-6.pdfAssessing the Implementation of the IMF’s 2007 Surveillance DecisionRobert LavigneGarima VasishthaFebruary 2009FF3F33Inventories and Real Rigidities in New Keynesian Business Cycle Models
https://www.bankofcanada.ca/2009/02/working-paper-2009-9/
Kryvtsov and Midrigan (2008) study the behavior of inventories in an economy with menu costs, fixed ordering costs and the possibility of stock-outs. This paper extends their analysis to a richer setting that is capable of more closely accounting for the dynamics of the US business cycle.2009-02-02T14:53:06+00:00enInventories and Real Rigidities in New Keynesian Business Cycle Models2009-02-02Business fluctuations and cyclesMonetary policy transmissionWorking Paper 2009-9 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-91.pdfInventories and Real Rigidities in New Keynesian Business Cycle ModelsOleksiy KryvtsovVirgiliu MidriganFebruary 2009EE3E31FF1F12Optimal Policy under Commitment and Price Level Stationarity
https://www.bankofcanada.ca/2009/02/working-paper-2009-8/
This paper proposes a simple analytical method to determine the stationarity of an unnormalized variable from the solution to a normalized model i.e. a model whose variables must be expressed in relative terms or must be differenced for a solution to exist.2009-02-02T14:40:22+00:00enOptimal Policy under Commitment and Price Level Stationarity2009-02-02Monetary policy frameworkWorking Paper 2009-8 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-8.pdfOptimal Policy under Commitment and Price Level StationarityGino CateauFebruary 2009EE5E52E58Assessing Indexation-Based Calvo Inflation Models
https://www.bankofcanada.ca/2009/02/working-paper-2009-7/
Using identification-robust methods, the authors estimate and evaluate for Canada and the United States various classes of inflation equations based on generalized structural Calvo-type models. The models allow for different forms of frictions and vary in their assumptions regarding the type of price indexation adopted by firms.2009-02-02T14:11:09+00:00enAssessing Indexation-Based Calvo Inflation Models2009-02-02Econometric and statistical methodsInflation and pricesWorking Paper 2009-7 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-7.pdfAssessing Indexation-Based Calvo Inflation ModelsJean-Marie DufourLynda KhalafMaral KichianFebruary 2009CC1C13C5C52EE3E31