F4 - Macroeconomic Aspects of International Trade and Finance - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T09:58:36+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 2010EE2E21E27E3E32FF3F36F4F40Nowcasting the Global Economy
https://www.bankofcanada.ca/2010/09/discussion-paper-2010-12/
Forecasts of global economic activity and inflation are important inputs when conducting monetary policy in small open economies such as Canada. As part of the Bank of Canada's broad agenda to augment its short-term forecasting tools, the author constructs simple mixed-frequency forecasting equations for quarterly global output, imports, and inflation using the monthly global Purchasing Managers Index (PMI).2010-09-17T12:28:59+00:00enNowcasting the Global Economy2010-09-17Economic modelsInternational topicsDiscussion paper 2010-12https://www.bankofcanada.ca/wp-content/uploads/2010/09/dp10-12.pdfNowcasting the Global EconomyJames RossiterSeptember 2010EE3E37FF4F47The 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 2010EE3E32E5E52FF4F41The Role of Expenditure Switching in the Global Imbalance Adjustment
https://www.bankofcanada.ca/2010/06/working-paper-2010-16/
In theory, nominal exchange rate movements can lead to “expenditure switching” when they generate changes in the relative prices of goods across countries. This paper explores whether the expenditure-switching role of exchange rates has changed in the current episode of significant global imbalances.2010-06-21T10:12:50+00:00enThe Role of Expenditure Switching in the Global Imbalance Adjustment2010-06-21Exchange ratesInternational topicsWorking Paper 2010-16https://www.bankofcanada.ca/wp-content/uploads/2010/06/wp10-16.pdfThe Role of Expenditure Switching in the Global Imbalance AdjustmentWei DongJune 2010FF3F4Le pouvoir de prévision des indices PMI
https://www.bankofcanada.ca/2010/04/discussion-paper-2010-3/
The forecast of world economic growth plays a key role in the conduct of Canadian monetary policy. In this context, the authors study the usefulness of the monthly Purchasing Managers’ Indexes (PMIs) in predicting short-term real GDP growth in the euro area, Japan, the United Kingdom, and China, as well as in the world economy.2010-04-18T13:40:01+00:00frLe pouvoir de prévision des indices PMI2010-04-18Business fluctuations and cyclesInternational topicsDocument d'analyse 2010-3 https://www.bankofcanada.ca/wp-content/uploads/2010/05/dp10-3.pdfLe pouvoir de prévision des indices PMI Claudia GodboutJocelyn JacobApril 2010EE3E37FF4F47Alternative Optimized Monetary Policy Rules in Multi-Sector Small Open Economies: The Role of Real Rigidities
https://www.bankofcanada.ca/2010/03/working-paper-2010-9/
Inflation-targeting central banks around the world often state their inflation objectives with regard to the consumer price index (CPI). Yet the literature on optimal monetary policy based on models with nominal rigidities and more than one sector suggests that CPI inflation is not always the best choice from a social welfare perspective.2010-03-20T14:30:30+00:00enAlternative Optimized Monetary Policy Rules in Multi-Sector Small Open Economies: The Role of Real Rigidities2010-03-20Inflation and pricesInflation targetsInflation: costs and benefitsMonetary policy frameworkMonetary policy implementationWorking Paper 2010-9https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp10-9.pdfAlternative Optimized Monetary Policy Rules in Multi-Sector Small Open Economies: The Role of Real RigiditiesCarlos De ResendeAli DibMaral KichianMarch 2010EE4E5E52FF3F4The Power of Many: Assessing the Economic Impact of the Global Fiscal Stimulus
https://www.bankofcanada.ca/2010/01/discussion-paper-2010-1/
The Bank of Canada Global Economy Model (BoC-GEM) is used to examine the effect of various types of discretionary fiscal policies on different regions of the globe. The BoC-GEM is a microfounded dynamic stochastic general-equilibrium global model with six regions, multiple sectors, and international linkages.2010-01-01T12:20:52+00:00enThe Power of Many: Assessing the Economic Impact of the Global Fiscal Stimulus2010-01-01Business fluctuations and cyclesFiscal policyInternational topicsRecent economic and financial developmentsDiscussion paper 2010-1 https://www.bankofcanada.ca/wp-content/uploads/2010/02/dp10-1.pdfThe Power of Many: Assessing the Economic Impact of the Global Fiscal StimulusCarlos De ResendeRené LalondeStephen SnuddenJanuary 2010EE5E52E58E6E61E63FF4F42