E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T02:25:06+00:00The Paul Storer Memorial Lecture—Cross-Border Trade Integration and Monetary Policy
https://www.bankofcanada.ca/2016/09/staff-discussion-paper-2016-20/
In this paper we explore the nexus between cross-border trade integration and monetary policy. We first review the evidence that trade liberalization has increased the degree of integration in North America and conclude that, while robust structural inferences remain elusive, there is sufficient supporting evidence for central banks to treat the issue seriously.2016-09-26T18:55:04+00:00enThe Paul Storer Memorial Lecture—Cross-Border Trade Integration and Monetary Policy2016-09-26Economic modelsMonetary policyTrade integrationStaff Discussion Paper 2016-20https://www.bankofcanada.ca/wp-content/uploads/2016/09/sdp2016-20.pdfThe Paul Storer Memorial Lecture—Cross-Border Trade Integration and Monetary PolicyStephen S. PolozSeptember 2016EE3E37E5FF1F4F41F6On What States Do Prices Depend? Answers from Ecuador
https://www.bankofcanada.ca/2016/09/staff-working-paper-2016-43/
In this paper, we argue that differences in the cost structures across sectors play an important role in firms’ decisions to adjust their prices. We develop a menu-cost model of pricing in which retail firms intermediate trade between producers and consumers.2016-09-22T15:13:55+00:00enOn What States Do Prices Depend? Answers from Ecuador2016-09-22Inflation and pricesMonetary policy transmissionStaff Working Paper 2016-43https://www.bankofcanada.ca/wp-content/uploads/2016/09/swp2016-43.pdfOn What States Do Prices Depend? Answers from EcuadorCraig BenedictMario J. CruciniAnthony LandrySeptember 2016EE3E5FF3F33A Primer on Neo-Fisherian Economics
https://www.bankofcanada.ca/2016/09/staff-analytical-note-2016-14/
Conventional models imply that central banks aiming to raise inflation should lower nominal rates and thus stimulate aggregate demand. However, several economists have recently challenged this conventional wisdom in favour of an alternative “neo-Fisherian’’ view under which higher nominal rates might in fact lead to higher inflation.2016-09-22T14:53:44+00:00enA Primer on Neo-Fisherian Economics2016-09-22