Hafedh Bouakez - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T15:45:22+00:00Has Exchange Rate Pass-Through Really Declined in Canada?
https://www.bankofcanada.ca/2005/10/working-paper-2005-29/
Several empirical studies suggest that exchange rate pass-through has declined in recent years in industrialized countries.2005-10-01T12:24:53+00:00enHas Exchange Rate Pass-Through Really Declined in Canada?2005-10-01Business fluctuations and cyclesEconomic modelsExchange ratesInflation and pricesInternational topicsWorking Paper 2005-29 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-29.pdfHas Exchange Rate Pass-Through Really Declined in Canada?Hafedh BouakezNooman RebeiOctober 2005FF3F4Learning-by-Doing or Habit Formation?
https://www.bankofcanada.ca/2005/05/working-paper-2005-15/
In a recent paper, Chang, Gomes, and Schorfheide (2002) extend the standard real business cycle (RBC) model to allow for a learning-by-doing (LBD) mechanism whereby current labour supply affects future productivity.2005-05-01T13:44:38+00:00enLearning-by-Doing or Habit Formation?2005-05-01Business fluctuations and cyclesEconometric and statistical methodsEconomic modelsLabour marketsWorking Paper 2005-15 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp05-15.pdfLearning-by-Doing or Habit Formation?Hafedh BouakezTakashi KanoMay 2005CC5C52EE3E32JJ2J22Why Does Private Consumption Rise After a Government Spending Shock?
https://www.bankofcanada.ca/2003/12/working-paper-2003-43/
Recent empirical evidence suggests that private consumption is crowded-in by government spending. This outcome violates existing macroeconomic theory, according to which the negative wealth effect brought about by a rise in public expenditure should decrease consumption.2003-12-07T16:25:17+00:00enWhy Does Private Consumption Rise After a Government Spending Shock?2003-12-07Business fluctuations and cyclesEconomic modelsFiscal policyWorking Paper 2003-43 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-43.pdfWhy Does Private Consumption Rise After a Government Spending Shock?Hafedh BouakezNooman RebeiDecember 2003EE3E32E6E62Real Exchange Rate Persistence in Dynamic General-Equilibrium Sticky-Price Models: An Analytical Characterization
https://www.bankofcanada.ca/2003/11/working-paper-2003-35/
This paper assesses analytically the ability of dynamic general-equilibrium sticky-price models to generate persistent real exchange rate fluctuations. It develops a tractable general-equilibrium model with Calvo-type price stickiness.2003-11-01T15:10:14+00:00enReal Exchange Rate Persistence in Dynamic General-Equilibrium Sticky-Price Models: An Analytical Characterization2003-11-01Economic modelsExchange ratesInternational topicsWorking Paper 2003-35 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp03-35.pdfReal Exchange Rate Persistence in Dynamic General-Equilibrium Sticky-Price Models: An Analytical CharacterizationHafedh BouakezNovember 2003FF3F31F4F41Habit Formation and the Persistence of Monetary Shocks
https://www.bankofcanada.ca/2002/10/working-paper-2002-27/
This paper studies the persistent effects of monetary shocks on output. Previous empirical literature documents this persistence, but standard general-equilibrium models with sticky prices fail to generate output responses beyond the duration of nominal contracts.2002-10-01T11:29:56+00:00enHabit Formation and the Persistence of Monetary Shocks2002-10-01Business fluctuations and cyclesMonetary policy transmissionWorking Paper 2002-27 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp02-27.pdfHabit Formation and the Persistence of Monetary ShocksHafedh BouakezEmanuela CardiaFrancisco Ruge-MurciaOctober 2002EE3E4E5Nominal Rigidity, Desired Markup Variations, and Real Exchange Rate Persistence
https://www.bankofcanada.ca/2002/09/working-paper-2002-26/
This paper develops and estimates a dynamic general-equilibrium sticky-price model that accounts for real exchange rate persistence.2002-09-01T11:12:40+00:00enNominal Rigidity, Desired Markup Variations, and Real Exchange Rate Persistence2002-09-01Exchange ratesMarket structure and pricingMonetary policy transmissionWorking Paper 2002-26 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp02-26.pdfNominal Rigidity, Desired Markup Variations, and Real Exchange Rate PersistenceHafedh BouakezSeptember 2002FF3F31F4F41