Staff working papers - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T07:43:38+00:00Sovereign Default Risk Premia, Fiscal Limits and Fiscal Policy
https://www.bankofcanada.ca/2011/03/working-paper-2011-10/
We develop a closed economy model to study the interactions among sovereign risk premia, fiscal limits, and fiscal policy. The stochastic fiscal limits, which measure the ability and willingness of the government to service its debt, arise endogenously from a dynamic Laffer curve.2011-03-31T10:24:25+00:00enSovereign Default Risk Premia, Fiscal Limits and Fiscal Policy2011-03-31Fiscal policyInternational topicsWorking Paper 2011-10https://www.bankofcanada.ca/wp-content/uploads/2011/03/wp11-10.pdfSovereign Default Risk Premia, Fiscal Limits and Fiscal PolicyHuixin BiMarch 2011EE6E62HH3H30H6H60Inventories, Markups and Real Rigidities in Sticky Price Models of the Canadian Economy
https://www.bankofcanada.ca/2011/03/working-paper-2011-9/
Recent New Keynesian models of macroeconomy view nominal cost rigidities, rather than nominal price rigidities, as the key feature that accounts for the observed persistence in output and inflation. Kryvtsov and Midrigan (2010a,b) reassess these conclusions by combining a theory based on nominal rigidities and storable goods with direct evidence on inventories for the U.S.2011-03-04T10:26:46+00:00enInventories, Markups and Real Rigidities in Sticky Price Models of the Canadian Economy2011-03-04Business fluctuations and cyclesMonetary policy transmissionWorking Paper 2011-9https://www.bankofcanada.ca/wp-content/uploads/2011/03/wp11-9.pdfInventories, Markups and Real Rigidities in Sticky Price Models of the Canadian EconomyOleksiy KryvtsovVirgiliu MidriganMarch 2011EE3E31FF1F12Belief Dispersion and Order Submission Strategies in the Foreign Exchange Market
https://www.bankofcanada.ca/2011/03/working-paper-2011-8/
This paper empirically examines how dispersions across investors beliefs influence traders order submission decisions in the foreign exchange market. Previous research has found that dispersion in traders beliefs regarding future macroeconomic announcements has a significant impact on both price dynamics and trading volume before the announcements in the foreign exchange and other financial markets.2011-03-03T08:48:43+00:00enBelief Dispersion and Order Submission Strategies in the Foreign Exchange Market2011-03-03Exchange ratesMarket structure and pricingWorking Paper 2011-8https://www.bankofcanada.ca/wp-content/uploads/2011/03/wp11-8.pdfBelief Dispersion and Order Submission Strategies in the Foreign Exchange MarketIngrid LoStephen SappMarch 2011DD4GG1