Research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T18:43:44+00:00Price Level Targeting: What Is the Right Price?
https://www.bankofcanada.ca/2010/02/working-paper-2010-8/
Various papers have suggested that Price-Level targeting is a welfare improving policy relative to Inflation targeting. From a practical standpoint, this raises an important yet unanswered question: What is the optimal price index to target?2010-02-26T13:19:34+00:00enPrice Level Targeting: What Is the Right Price?2010-02-26Monetary policy frameworkWorking Paper 2010-8https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp10-8.pdfPrice Level Targeting: What Is the Right Price?Malik ShukayevAlexander UeberfeldtFebruary 2010EE3E32E5E52Time Variation in Okun's Law: A Canada and U.S. Comparison
https://www.bankofcanada.ca/2010/02/working-paper-2010-7/
This article investigates the stability of Okun's law for Canada and the United States using a time varying parameter approach. Time variation is modeled as driftless random walks and is estimated using the median unbiased estimator approach developed by Stock and Watson (1998).2010-02-24T10:42:00+00:00enTime Variation in Okun's Law: A Canada and U.S. Comparison2010-02-24Business fluctuations and cyclesLabour marketsWorking Paper 2010-7https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp10-7.pdfTime Variation in Okun's Law: A Canada and U.S. ComparisonKimberly BeatonFebruary 2010EE2E24JJ0J00Assembling a Real-Financial Micro-Dataset for Canadian Households
https://www.bankofcanada.ca/2010/02/working-paper-2010-6/
The lack of consolidated Canadian micro data on household balance sheets and expenditures has been an important impediment to empirical research into real-financial linkages in the Canadian household sector. Our paper attempts to fill this data gap by merging household balance sheet data from the Canadian Financial Monitor survey with household expenditure data from the Survey of Household Spending.2010-02-22T10:35:35+00:00enAssembling a Real-Financial Micro-Dataset for Canadian Households2010-02-22Sectoral balance sheetWorking Paper 2010-6https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp10-6.pdfAssembling a Real-Financial Micro-Dataset for Canadian HouseholdsUmar FaruquiFebruary 2010CC8C81DD1D10What Drives Exchange Rates? New Evidence from a Panel of U.S. Dollar Bilateral Exchange Rates
https://www.bankofcanada.ca/2010/02/working-paper-2010-5/
We use a novel approach to identify economic developments that drive exchange rates in the long run. Using a panel of six quarterly U.S. bilateral real exchange rates – Australia, Canada, the euro, Japan, New Zealand and the United Kingdom – over the 1980-2007 period, a dynamic factor model points to two common factors.2010-02-20T10:01:15+00:00enWhat Drives Exchange Rates? New Evidence from a Panel of U.S. Dollar Bilateral Exchange Rates2010-02-20Econometric and statistical methodsExchange ratesWorking Paper 2010-5https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp10-5.pdfWhat Drives Exchange Rates? New Evidence from a Panel of U.S. Dollar Bilateral Exchange RatesJean-Philippe CayenDonald ColettiRené LalondePhilipp MaierFebruary 2010JJ3J31