Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T19:42:26+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 2012CC3C32EE3E32QQ4Q43Commodities 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 2012EE1E17E3E31E37E5E52FF4F41QQ4Q43Growth in Emerging Market Economies and the Commodity Boom of 2003–2008: Evidence from Growth Forecast Revisions
https://www.bankofcanada.ca/2012/02/working-paper-2012-08/
Demand for industrial raw materials from emerging economies, particularly emerging Asia, is widely believed to have fueled the surge in oil and industrial commodity prices during 2002-2008. The paper first presents a simple storage model in which commodity prices respond to market participant’s changing expectations of the future macroeconomic environment.2012-02-27T15:58:10+00:00enGrowth in Emerging Market Economies and the Commodity Boom of 2003–2008: Evidence from Growth Forecast Revisions2012-02-27Econometric and statistical methodsInternational topicsWorking Paper 2012-08https://www.bankofcanada.ca/wp-content/uploads/2012/02/wp2012-08.pdfGrowth in Emerging Market Economies and the Commodity Boom of 2003–2008: Evidence from Growth Forecast RevisionsElif ArbatliGarima VasishthaFebruary 2012QQ4Q41Q43Time-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