International topics
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Policy Rules for Capital Controls
This paper attempts to borrow the tradition of estimating policy reaction functions in monetary policy literature and apply it to capital controls policy literature. Using a novel weekly dataset on capital controls policy actions in 21 emerging economies over the period 1 January 2001 to 31 December 2015, I examine the mercantilist and macroprudential motivations for capital control policies. -
October 3, 2017
Seeking Gazelles in Polar Bear Country
Deputy Governor Sylvain Leduc discusses the decline in firm creation and productivity in the Canadian economy.