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Bank of Canada RSS Feedsen2024-03-28T08:26:43+00:00How Do You Pay? The Role of Incentives at the Point-of-Sale
https://www.bankofcanada.ca/2011/10/working-paper-2011-23/
This paper uses discrete-choice models to quantify the role of consumer socioeconomic characteristics, payment instrument attributes, and transaction features on the probability of using cash, debit card, or credit card at the point-of-sale.2011-10-27T11:41:45+00:00enHow Do You Pay? The Role of Incentives at the Point-of-Sale2011-10-27Bank notesEconometric and statistical methodsFinancial servicesWorking Paper 2011-23https://www.bankofcanada.ca/wp-content/uploads/2011/10/wp2011-23.pdfHow Do You Pay? The Role of Incentives at the Point-of-SaleCarlos ArangoKim HuynhLeonard SabettiOctober 2011CC3C35C8C83EE4E41Money and Price Posting under Private Information
https://www.bankofcanada.ca/2011/10/working-paper-2011-22/
We study price posting with undirected search in a search-theoretic monetary model with divisible money and divisible goods. Ex ante homogeneous buyers experience match specific preference shocks in bilateral trades. The shocks follow a continuous distribution and the realization of the shocks is private information.2011-10-18T10:57:49+00:00enMoney and Price Posting under Private Information2011-10-18Economic modelsInflation and pricesWorking Paper 2011-22https://www.bankofcanada.ca/wp-content/uploads/2011/10/wp2011-22.pdfMoney and Price Posting under Private InformationMei DongJanet Hua JiangOctober 2011DD8D82D83EE3E31Fixed-Term and Permanent Employment Contracts: Theory and Evidence
https://www.bankofcanada.ca/2011/10/working-paper-2011-21/
This paper constructs a theory of the coexistence of fixed-term and permanent employment contracts in an environment with ex-ante identical workers and employers. Workers under fixed-term contracts can be dismissed at no cost while permanent employees enjoy labor protection.2011-10-07T13:34:15+00:00enFixed-Term and Permanent Employment Contracts: Theory and Evidence2011-10-07Labour marketsPotential outputProductivityWorking Paper 2011-21https://www.bankofcanada.ca/wp-content/uploads/2011/10/wp2011-21.pdfFixed-Term and Permanent Employment Contracts: Theory and EvidenceShutao CaoEnchuan ShaoPedro SilosOctober 2011HH2H29JJ2J23J3J38A Stochastic Volatility Model with Conditional Skewness
https://www.bankofcanada.ca/2011/10/working-paper-2011-20/
We develop a discrete-time affine stochastic volatility model with time-varying conditional skewness (SVS). Importantly, we disentangle the dynamics of conditional volatility and conditional skewness in a coherent way.2011-10-07T10:34:48+00:00enA Stochastic Volatility Model with Conditional Skewness2011-10-07Asset pricingEconometric and statistical methodsWorking Paper 2011-20https://www.bankofcanada.ca/wp-content/uploads/2011/10/wp2011-20.pdfA Stochastic Volatility Model with Conditional SkewnessBruno FeunouRoméo TedongapOctober 2011CC1C5GG1G12Exchange Rates and Individual Good’s Price Misalignment: Some Preliminary Evidence of Long-Horizon Predictability
https://www.bankofcanada.ca/2011/10/discussion-paper-2011-8/
When prices are sticky, movements in the nominal exchange rate have a direct impact on international relative prices. A relative price misalignment would trigger an adjustment in consumption and employment, and may help to predict future movements in the exchange rate.2011-10-07T10:06:16+00:00enExchange Rates and Individual Good’s Price Misalignment: Some Preliminary Evidence of Long-Horizon Predictability2011-10-07Exchange ratesInternational topicsDiscussion Paper 2011-8https://www.bankofcanada.ca/wp-content/uploads/2011/10/dp2011-08.pdfExchange Rates and Individual Good’s Price Misalignment: Some Preliminary Evidence of Long-Horizon PredictabilityWei DongDeokwoo NamOctober 2011FF3F31F4F47