E32 - Business Fluctuations; Cycles - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T05:41:25+00:00The 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 2012CC3C32EE3E32FF4F44OO5O54Changes in the Effects of Monetary Policy on Disaggregate Price Dynamics
https://www.bankofcanada.ca/2012/04/working-paper-2012-13/
We examine the evolution of the effects of monetary policy shocks on the distribution of disaggregate prices and quantities of personal consumption expenditures to assess the contribution of monetary policy to changes in U.S. inflation dynamics.2012-04-30T12:56:28+00:00enChanges in the Effects of Monetary Policy on Disaggregate Price Dynamics2012-04-30Econometric and statistical methodsMonetary policy transmissionWorking Paper 2012-13https://www.bankofcanada.ca/wp-content/uploads/2012/04/wp2012-13.pdfChanges in the Effects of Monetary Policy on Disaggregate Price DynamicsChristiane BaumeisterPhilip LiuHaroon MumtazApril 2012EE3E30E32Time-Varying Effects of Oil Supply Shocks on the U.S. Economy
https://www.bankofcanada.ca/2012/01/working-paper-2012-2/
We use vector autoregressions with drifting coefficients and stochastic volatility to investigate how the dynamic effects of oil supply shocks on the U.S. economy have changed over time. We find a substantial decline in the short-run price elasticity of oil demand since the mid-eighties.2012-01-25T13:39:27+00:00enTime-Varying Effects of Oil Supply Shocks on the U.S. Economy2012-01-25Econometric and statistical methodsInternational topicsWorking Paper 2012-2https://www.bankofcanada.ca/wp-content/uploads/2012/01/wp2012-02.pdfTime-Varying Effects of Oil Supply Shocks on the U.S. EconomyChristiane BaumeisterGert PeersmanJanuary 2012EE3E31E32QQ4Q43Real-Time Analysis of Oil Price Risks Using Forecast Scenarios
https://www.bankofcanada.ca/2012/01/working-paper-2012-1/
Recently, there has been increased interest in real-time forecasts of the real price of crude oil. Standard oil price forecasts based on reduced-form regressions or based on oil futures prices do not allow consumers of forecasts to explore how much the forecast would change relative to the baseline forecast under alternative scenarios about future oil demand and oil supply conditions.2012-01-25T13:30:59+00:00enReal-Time Analysis of Oil Price Risks Using Forecast Scenarios2012-01-25Econometric and statistical methodsInternational topicsWorking Paper 2012-1https://www.bankofcanada.ca/wp-content/uploads/2012/01/wp2012-1.pdfReal-Time Analysis of Oil Price Risks Using Forecast ScenariosChristiane BaumeisterLutz KilianJanuary 2012CC5C53EE3E32QQ4Q43