Staff working papers - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T23:02:09+00:00Bootstrapping Mean Squared Errors of Robust Small-Area Estimators: Application to the Method-of-Payments Data
https://www.bankofcanada.ca/2018/06/staff-working-paper-2018-28/
This paper proposes a new bootstrap procedure for mean squared errors of robust small-area estimators. We formally prove the asymptotic validity of the proposed bootstrap method and examine its finite sample performance through Monte Carlo simulations.2018-06-26T10:31:56+00:00enBootstrapping Mean Squared Errors of Robust Small-Area Estimators: Application to the Method-of-Payments Data2018-06-26Bank notesEconometric and statistical methodsStaff Working Paper 2018-28https://www.bankofcanada.ca/wp-content/uploads/2018/06/swp2018-28.pdfBootstrapping Mean Squared Errors of Robust Small-Area Estimators: Application to the Method-of-Payments DataValéry Dongmo JiongoPierre NguimkeuJune 2018CC1C13C15C8C83EE4E41Swedish Riksbank Notes and Enskilda Bank Notes: Lessons for Digital Currencies
https://www.bankofcanada.ca/2018/06/staff-working-paper-2018-27/
This paper examines the experience of Sweden with government notes and private bank notes to determine how well the Swedish experience corresponds to that of Canada and the United States. Sweden is important to study because it has had government notes in circulation for more than 350 years, and it had government notes before private bank notes.2018-06-25T10:28:47+00:00enSwedish Riksbank Notes and Enskilda Bank Notes: Lessons for Digital Currencies2018-06-25Bank notesDigital currencies and fintechFinancial servicesStaff Working Paper 2018-27https://www.bankofcanada.ca/wp-content/uploads/2018/06/swp2018-27.pdfSwedish Riksbank Notes and Enskilda Bank Notes: Lessons for Digital CurrenciesBen FungScott HendryWarren E. WeberJune 2018EE4E41E42E5E58Reconciling Jaimovich-Rebelo Preferences, Habit in Consumption and Labor Supply
https://www.bankofcanada.ca/2018/06/staff-working-paper-2018-26/
This note studies a form of a utility function of consumption with habit and leisure that (a) is compatible with long-run balanced growth, (b) hits a steady-state observed target for hours worked and (c) is consistent with micro-econometric evidence for the inter-temporal elasticity of substitution and the Frisch elasticity of labor supply.2018-06-22T11:45:52+00:00enReconciling Jaimovich-Rebelo Preferences, Habit in Consumption and Labor Supply2018-06-22Business fluctuations and cyclesEconomic modelsLabour marketsStaff Working Paper 2018-26https://www.bankofcanada.ca/wp-content/uploads/2018/06/swp2018-26.pdfReconciling Jaimovich-Rebelo Preferences, Habit in Consumption and Labor SupplyTom D. HoldenPaul LevineJonathan SwarbrickJune 2018EE2E21E24On the Evolution of the United Kingdom Price Distributions
https://www.bankofcanada.ca/2018/06/staff-working-paper-2018-25/
We propose a functional principal components method that accounts for stratified random sample weighting and time dependence in the observations to understand the evolution of distributions of monthly micro-level consumer prices for the United Kingdom (UK).2018-06-21T11:01:35+00:00enOn the Evolution of the United Kingdom Price Distributions2018-06-21Econometric and statistical methodsInflation and pricesStaff Working Paper 2018-25https://www.bankofcanada.ca/wp-content/uploads/2018/06/swp2018-25.pdfOn the Evolution of the United Kingdom Price DistributionsBa M. ChuKim HuynhDavid T. Jacho-ChávezOleksiy KryvtsovJune 2018CC1C14C8C83EE3E31E37Ambiguity, Nominal Bond Yields and Real Bond Yields
https://www.bankofcanada.ca/2018/06/staff-working-paper-2018-24/
Equilibrium bond-pricing models rely on inflation being bad news for future growth to generate upward-sloping nominal yield curves. We develop a model that can generate upward-sloping nominal and real yield curves by instead using ambiguity about inflation and growth.2018-06-12T11:02:04+00:00enAmbiguity, Nominal Bond Yields and Real Bond Yields2018-06-12Asset pricingFinancial marketsInterest ratesStaff Working Paper 2018-24https://www.bankofcanada.ca/wp-content/uploads/2018/06/swp2018-24.pdfAmbiguity, Nominal Bond Yields and Real Bond YieldsGuihai ZhaoJune 2018EE4E43GG0G00G1G12