E32 - Business Fluctuations; Cycles - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T11:17:04+00:00The Propagation of U.S. Shocks to Canada: Understanding the Role of Real-Financial Linkages
https://www.bankofcanada.ca/2010/12/the-propagation-of-u-s-shocks-to-canada-understanding-the-role-of-real-financial-linkages/
This paper examines the transmission of U.S. real and financial shocks to Canada and, in particular, the role of financial frictions in affecting the transmission of these shocks. These questions are addressed within the Bank of Canada's Global Economy Model (de Resende et al. forthcoming), a dynamic stochastic general-equilibrium model with an active banking sector and a detailed role for financial frictions.2010-12-24T07:40:36+00:00enThe Propagation of U.S. Shocks to Canada: Understanding the Role of Real-Financial Linkages2010-12-24Business fluctuations and cyclesEconomic modelsInternational topicsWorking Paper 2010-40https://www.bankofcanada.ca/wp-content/uploads/2010/12/wp10-40.pdfThe Propagation of U.S. Shocks to Canada: Understanding the Role of Real-Financial LinkagesKimberly BeatonRené LalondeStephen SnuddenDecember 2010EE2E21E27E3E32FF3F36F4F40The Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FIN
https://www.bankofcanada.ca/2010/12/discussion-paper-2010-16/
The authors use simulations within the BoC-GEM-FIN, the Bank of Canada's version of the Global Economy Model with financial frictions in both the demand and supply sides of the credit market, to investigate the macroeconomic implications of changing bank regulations on the Canadian economy.2010-12-15T10:57:46+00:00enThe Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FIN2010-12-15Economic modelsFinancial institutionsFinancial stabilityInternational topicsDiscussion Paper 2010-16https://www.bankofcanada.ca/wp-content/uploads/2010/12/dp10-16.pdfThe Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FINCarlos De ResendeAli DibNikita PerevalovDecember 2010EE3E32E4E44E5GG1G2On Fiscal Multipliers: Estimates from a Medium Scale DSGE Model
https://www.bankofcanada.ca/2010/11/working-paper-2010-30/
This paper contributes to the debate on fiscal multipliers, in the context of a structural model. I estimate a micro-founded dynamic stochastic general equilibrium model, that features a rich fiscal policy block and a transmission mechanism for government spending shocks, using Bayesian techniques for US data.2010-11-23T13:49:23+00:00enOn Fiscal Multipliers: Estimates from a Medium Scale DSGE Model2010-11-23Economic modelsFiscal policyWorking Paper 2010-30https://www.bankofcanada.ca/wp-content/uploads/2010/11/wp10-30.pdfOn Fiscal Multipliers: Estimates from a Medium Scale DSGE ModelSarah ZubairyNovember 2010CC1C11EE3E32E6E62HH3H30Capital Requirement and Financial Frictions in Banking: Macroeconomic Implications
https://www.bankofcanada.ca/2010/10/working-paper-2010-26/
The author develops a dynamic stochastic general-equilibrium model with an active banking sector, a financial accelerator, and financial frictions in the interbank and bank capital markets.2010-10-29T09:22:08+00:00enCapital Requirement and Financial Frictions in Banking: Macroeconomic Implications2010-10-29Business fluctuations and cyclesEconomic modelsFinancial marketsFinancial stabilityWorking Paper 2010-26https://www.bankofcanada.ca/wp-content/uploads/2010/10/wp10-26.pdfCapital Requirement and Financial Frictions in Banking: Macroeconomic ImplicationsAli DibOctober 2010EE3E32E4E44GG1Banks, Credit Market Frictions, and Business Cycles
https://www.bankofcanada.ca/2010/10/working-paper-2010-24/
The author proposes a micro-founded framework that incorporates an active banking sector into a dynamic stochastic general-equilibrium model with a financial accelerator.2010-10-21T13:46:46+00:00enBanks, Credit Market Frictions, and Business Cycles2010-10-21Business fluctuations and cyclesCredit and credit aggregatesEconomic modelsFinancial stabilityWorking Paper 2010-24https://www.bankofcanada.ca/wp-content/uploads/2010/10/wp10-24.pdfBanks, Credit Market Frictions, and Business CyclesAli DibOctober 2010EE3E32E4E44GG1Inventories in ToTEM
https://www.bankofcanada.ca/2010/08/discussion-paper-2010-9/
ToTEM – the Bank of Canada’s principal projection and policy-analysis model for the Canadian economy – is extended to include inventories. In the model, firms accumulate inventories of finished goods for their role in facilitating the demand for goods.2010-08-03T17:03:02+00:00enInventories in ToTEM2010-08-03Business fluctuations and cyclesEconomic modelsDiscussion paper 2010-9 https://www.bankofcanada.ca/wp-content/uploads/2010/09/dp10-9.pdfInventories in ToTEMOleksiy KryvtsovYang ZhangAugust 2010EE3E31E32Inventories, Stockouts, and ToTEM
https://www.bankofcanada.ca/2010/08/inventories-stockouts-and-totem/
Inventory investment is an important component of the Canadian business cycle. Despite its small average size – less than 1 per cent of output – it exhibits volatile procyclical fluctuations, accounting for almost one-third of output variance.2010-08-03T13:38:16+00:00enInventories, Stockouts, and ToTEM2010-08-03Business fluctuations and cyclesMonetary policy transmissionDiscussion Paper 2010-8https://www.bankofcanada.ca/wp-content/uploads/2010/08/dp10-8.pdfInventories, Stockouts, and ToTEMOleksiy KryvtsovYang ZhangJuly 2010EE3E31E32The Transmission of Shocks to the Chinese Economy in a Global Context: A Model-Based Approach
https://www.bankofcanada.ca/2010/07/working-paper-2010-17/
To better understand the dynamics of the Chinese economy and its interaction with the global economy, the authors incorporate China into an existing model for the G-3 economies (i.e., the United States, the euro area, and Japan), paying particular attention to modelling the exchange rate and monetary policy in China.2010-07-12T09:58:57+00:00enThe Transmission of Shocks to the Chinese Economy in a Global Context: A Model-Based Approach2010-07-12Business fluctuations and cyclesEconomic modelsExchange rate regimesInternational topicsWorking Paper 2010-17https://www.bankofcanada.ca/wp-content/uploads/2010/07/wp10-17.pdfThe Transmission of Shocks to the Chinese Economy in a Global Context: A Model-Based ApproachJeannine BailliuPatrick BlagraveJuly 2010EE3E32E5E52FF4F41Price 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 2010EE3E32E5E52Labour Reallocation, Relative Prices and Productivity
https://www.bankofcanada.ca/2010/01/working-paper-2010-2/
This paper documents the rate at which labour flows between industries and between firms within industries using the most recent data available. It examines the determinants of these flows and their relationship with the productivity growth.2010-01-22T09:26:44+00:00enLabour Reallocation, Relative Prices and Productivity2010-01-22Inflation and pricesLabour marketsProductivityWorking Paper 2010-2https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp10-2.pdfLabour Reallocation, Relative Prices and ProductivityShutao CaoDanny LeungJanuary 2010DD2D23EE3E32JJ6