E3 - Prices, Business Fluctuations, and Cycles - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T14:13:55+00:00Output Comovement and Inflation Dynamics in a Two-Sector Model with Durable Goods: The Role of Sticky Information and Heterogeneous Factor Markets
https://www.bankofcanada.ca/2016/07/staff-working-paper-2016-36/
In a simple two-sector New Keynesian model, sticky prices generate a counterfactual negative comovement between the output of durable and nondurable goods following a monetary policy shock. We show that heterogeneous factor markets allow any combination of strictly positive price stickiness to generate positive output comovement.2016-07-26T11:08:57+00:00enOutput Comovement and Inflation Dynamics in a Two-Sector Model with Durable Goods: The Role of Sticky Information and Heterogeneous Factor Markets2016-07-26Inflation and pricesMonetary policy transmissionStaff Working Paper 2016-36https://www.bankofcanada.ca/wp-content/uploads/2016/07/swp2016-36.pdfOutput Comovement and Inflation Dynamics in a Two-Sector Model with Durable Goods: The Role of Sticky Information and Heterogeneous Factor MarketsTomiyuki KitamuraTamon TakamuraJuly 2016EE3E31E32E5E52Low for Longer? Why the Global Oil Market in 2014 Is Not Like 1986
https://www.bankofcanada.ca/2016/07/staff-analytical-note-2016-11/
In the second half of 2014, oil prices experienced a sharp decline, falling more than 50 per cent between June 2014 and January 2015. A cursory glance at this oil price crash suggests similarities to developments in 1986, when the price of oil declined by more than 50 per cent, initiating an episode of relatively low oil prices that lasted for more than a decade.2016-07-22T10:22:18+00:00enLow for Longer? Why the Global Oil Market in 2014 Is Not Like 19862016-07-22Housing Market Dynamics and Macroprudential Policy
https://www.bankofcanada.ca/2016/07/staff-working-paper-2016-31/
We perform an analysis to determine how well the introduction of a countercyclical loanto- value (LTV) ratio can reduce household indebtedness and housing price fluctuations compared with a monetary policy rule augmented with house price inflation.2016-07-19T10:01:51+00:00enHousing Market Dynamics and Macroprudential Policy2016-07-19Business fluctuations and cyclesFinancial stabilityHousingMonetary policy frameworkMonetary policy transmissionStaff Working Paper 2016-31https://www.bankofcanada.ca/wp-content/uploads/2016/07/swp2016-31.pdfHousing Market Dynamics and Macroprudential PolicyGabriel BruneauIan ChristensenCésaire MehJuly 2016EE3E31E4E42HH2H23Ce que révèle une analyse sectorielle des dynamiques récentes de l’inflation au Canada
https://www.bankofcanada.ca/2016/07/staff-analytical-note-2016-7/
Decomposing total inflation in Canada as measured by the consumer price index (CPI) into its key macroeconomic factors, as presented in the most recent Monetary Policy Report, is an interesting exercise that shows how the exchange rate pass-through, commodity prices and the output gap have influenced the evolution of the total inflation rate over time. This aggregate approach, however, may mask important sectoral changes.2016-07-13T10:01:27+00:00enCe que révèle une analyse sectorielle des dynamiques récentes de l’inflation au Canada2016-07-13