E3 - Prices, Business Fluctuations, and Cycles - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T11:53:44+00:00Extracting Information from the Business Outlook Survey Using Statistical Approaches
https://www.bankofcanada.ca/2012/12/discussion-paper-2012-8/
Since the autumn of 1997, the regional offices of the Bank of Canada have conducted quarterly consultations with businesses across Canada. These consultations, summarized in the Business Outlook Survey (BOS), are structured around a survey questionnaire that covers topics of importance to the Bank, notably business activity, pressures on production capacity, prices and inflation, and credit conditions.2012-12-21T08:03:59+00:00enExtracting Information from the Business Outlook Survey Using Statistical Approaches2012-12-21Business fluctuations and cyclesRegional economic developmentsDiscussion Paper 2012-08https://www.bankofcanada.ca/wp-content/uploads/2012/12/dp2012-08.pdfExtracting Information from the Business Outlook Survey Using Statistical ApproachesLise PichetteDecember 2012CC4C43C8C82EE3E37The Effects of Oil Price Uncertainty on the Macroeconomy
https://www.bankofcanada.ca/2012/12/working-paper-2012-40/
This paper investigates the effect of oil price uncertainty on real economic activity using a quarterly VAR with stochastic volatility in mean. Stochastic volatility allows oil price uncertainty to vary separately from changes in the level of oil prices, and thus the impact of oil price uncertainty can be examined in a more flexible yet tractable way.2012-12-18T11:13:54+00:00enThe Effects of Oil Price Uncertainty on the Macroeconomy2012-12-18Business fluctuations and cyclesEconometric and statistical methodsWorking Paper 2012-40https://www.bankofcanada.ca/wp-content/uploads/2012/12/wp2012-40.pdfThe Effects of Oil Price Uncertainty on the MacroeconomySoojin JoDecember 2012CC3C32EE3E32QQ4Q43The Role of Credit in International Business Cycles
https://www.bankofcanada.ca/2012/11/working-paper-2012-36/
This paper examines the role of bank credit in modeling and forecasting business cycle fluctuations, and investigates the international transmission of US credit shocks, using a global vector autoregressive (GVAR) framework and associated country-specific error correction models.2012-11-14T15:28:29+00:00enThe Role of Credit in International Business Cycles2012-11-14Business fluctuations and cyclesCredit and credit aggregatesEconometric and statistical methodsInternational financial marketsWorking Paper 2012-36https://www.bankofcanada.ca/wp-content/uploads/2012/11/wp2012-36.pdfThe Role of Credit in International Business CyclesTengTeng XuNovember 2012CC3C32EE3E32E4E44GG2G21China’s Emergence in the World Economy and Business Cycles in Latin America
https://www.bankofcanada.ca/2012/10/working-paper-2012-32/
The international business cycle is very important for Latin America’s economic performance as the recent global crisis vividly illustrated. This paper investigates how changes in trade linkages between China, Latin America, and the rest of the world have altered the transmission mechanism of international business cycles to Latin America.2012-10-03T11:35:27+00:00enChina’s Emergence in the World Economy and Business Cycles in Latin America2012-10-03Business fluctuations and cyclesEconometric and statistical methodsInternational topicsRecent economic and financial developmentsRegional economic developmentsWorking Paper 2012-32https://www.bankofcanada.ca/wp-content/uploads/2012/10/wp2012-32.pdfChina’s Emergence in the World Economy and Business Cycles in Latin AmericaAmbrogio Cesa-BianchiM. Hashem PesaranAlessandro RebucciTengTeng XuOctober 2012CC3C32EE3E32FF4F44OO5O54Measurement Bias in the Canadian Consumer Price Index: An Update
https://www.bankofcanada.ca/wp-content/uploads/2012/08/boc-review-summer12-sabourin.pdf
The consumer price index (CPI) is the most commonly used measure to track changes in the overall level of prices. Since it departs from a true cost-of-living index, the CPI is subject to four types of measurement bias—commodity substitution, outlet substitution, new goods and quality adjustment. The author updates previous Bank of Canada estimates of measurement bias in the Canadian CPI by examining these four sources of potential bias. He finds the total measurement bias over the 2005–11 period to be about 0.5 percentage point per year, consistent with the Bank’s earlier findings. Slightly more than half of this bias is caused by the fixed nature of the CPI basket of goods and services.2012-08-16T08:54:38+00:00enMeasurement Bias in the Canadian Consumer Price Index: An Update2012-08-16Inflation and Growth: A New Keynesian Perspective
https://www.bankofcanada.ca/2012/07/working-paper-2012-23/
The long-run relation between growth and inflation has not yet been studied in the context of nominal price and wage rigidities, despite the fact that these rigidities now figure prominently in workhorse macroeconomic models.2012-07-27T12:25:35+00:00enInflation and Growth: A New Keynesian Perspective2012-07-27Inflation: costs and benefitsWorking Paper 2012-23https://www.bankofcanada.ca/wp-content/uploads/2012/07/wp2012-23.pdfInflation and Growth: A New Keynesian PerspectiveRobert AmanoThomas J. CarterKevin MoranJuly 2012EE3E31E5E52OO3O31O4O42The Sensitivity of Producer Prices to Exchange Rates: Insights from Micro Data
https://www.bankofcanada.ca/2012/07/working-paper-2012-20/
This paper studies the sensitivity of Canadian producer prices to the Canada-U.S. exchange rate. Using a unique product-level price data set, we estimate and analyze the impact of movements in the exchange rate on both domestic and export producer prices.2012-07-23T07:48:45+00:00enThe Sensitivity of Producer Prices to Exchange Rates: Insights from Micro Data2012-07-23Exchange ratesInflation and pricesMarket structure and pricingWorking Paper 2012-20https://www.bankofcanada.ca/wp-content/uploads/2012/07/wp2012-20.pdfThe Sensitivity of Producer Prices to Exchange Rates: Insights from Micro DataShutao CaoWei DongBen TomlinJuly 2012EE3E30FF3F31F4F41LL1L11International Business Cycles and Financial Frictions
https://www.bankofcanada.ca/2012/07/working-paper-2012-19/
This paper builds a two-country DSGE model to study the quantitative impact of financial frictions on business cycle co-movements when investors have foreign asset exposure. The investor in each country holds capital in both countries and faces a leverage constraint on her debt.2012-07-20T09:57:34+00:00enInternational Business Cycles and Financial Frictions2012-07-20Business fluctuations and cyclesInternational financial marketsInternational topicsWorking Paper 2012-19https://www.bankofcanada.ca/wp-content/uploads/2012/07/wp2012-19.pdfInternational Business Cycles and Financial FrictionsWen YaoJuly 2012EE3E30FF4F42F44Commodities and Monetary Policy: Implications for Inflation and Price Level Targeting
https://www.bankofcanada.ca/2012/06/working-paper-2012-16/
We examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy rules to minimize both inflation variability and business cycle fluctuations in Canada for shocks that have important consequences for global commodity prices.2012-06-14T09:51:31+00:00enCommodities and Monetary Policy: Implications for Inflation and Price Level Targeting2012-06-14Economic modelsInflation and pricesInternational topicsMonetary policy frameworkWorking Paper 2012-16https://www.bankofcanada.ca/wp-content/uploads/2012/06/wp2012-16.pdfCommodities and Monetary Policy: Implications for Inflation and Price Level TargetingDonald ColettiRené LalondePaul MassonDirk MuirStephen SnuddenJune 2012EE1E17E3E31E37E5E52FF4F41QQ4Q43Inflation Targeting: The Recent International Experience
https://www.bankofcanada.ca/wp-content/uploads/2012/05/boc-review-spring12-lavigne.pdf
In the years since the 2006 renewal of Canada’s inflation-control agreement, monetary policy regimes have faced significant shocks, including the global economic and financial crisis. This article reviews the recent experience with inflation targeting, including the debate about the appropriate role of monetary policy in maintaining financial stability. In the aftermath of the crisis, both […]2012-05-17T10:22:01+00:00enInflation Targeting: The Recent International Experience2012-05-17