Bank of Canada Review - Autumn 2010

BoC Review - Autumn 2010
Available as: PDF

The premise that exchange rate pass-through has declined is critically reassessed; intensity in the negative feedback process between financial sector developments and the real economy during the recent global crisis is examined; update on past decade’s changing trends in debt issuance in Canada relative to those in other capital markets.

November 19, 2010

Has Exchange Rate Pass-Through Really Declined? Some Recent Insights from the Literature

Building on an earlier Review article, the authors critically reassess the premise that exchange rate pass-through (ERPT) has declined in light of recent studies of the issue in the context of a dynamic stochastic general-equilibrium framework.
November 18, 2010

Financial Stress, Monetary Policy, and Economic Activity

The recent global crisis was characterized by a remarkable intensity in the negative feedback process between financial sector developments and the real economy.
November 18, 2010

Trends in Issuance: Underlying Factors and Implications

Trends in debt issuance have changed significantly over the past decade, both prior to the financial crisis and subsequently.