Yi Zheng - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T21:12:53+00:00What’s behind your mortgage rate
https://www.bankofcanada.ca/2020/05/whats-behind-your-mortgage-rate/
Here’s what determines the interest rate on your mortgage—and why that rate can go up and down.2020-05-27T10:00:37+00:00enWhat’s behind your mortgage rate2020-05-27Medium-Term Fluctuations in Canadian House Prices
https://www.bankofcanada.ca/wp-content/uploads/2012/02/boc-review-winter11-12-peterson.pdf
This article draws on theory and empirical evidence to examine a number of factors behind movements in Canadian house prices. It begins with an overview of the movements in house prices in Canada, using regional data to highlight factors that influence prices over the long run. It then turns to the central theme, that there are medium-run movements in prices not accounted for by long-run factors. Drawing on recent Bank of Canada research, the article discusses several factors behind these medium-run movements, including interest rates, expected price appreciation and market liquidity. The article concludes by identifying areas for future research that would further our understanding of fluctuations in house prices.2012-02-23T10:05:48+00:00enMedium-Term Fluctuations in Canadian House Prices2012-02-23A Model of Housing Stock for Canada
https://www.bankofcanada.ca/2010/07/working-paper-2010-19/
Using an error-correction model (ECM) framework, the authors attempt to quantify the degree of disequilibrium in Canadian housing stock over the period 1961–2008 for the national aggregate and over 1981–2008 for the provinces.2010-07-26T08:17:03+00:00enA Model of Housing Stock for Canada2010-07-26Domestic demand and componentsWorking Paper 2010-19https://www.bankofcanada.ca/wp-content/uploads/2010/07/wp10-19.pdfA Model of Housing Stock for CanadaDavid DupuisYi ZhengJuly 2010EE2E21JJ0J00Relative Prices, Trading Gains, and Real GDI: The Case of Canada
https://www.bankofcanada.ca/2009/01/discussion-paper-2009-4/
Treating imports as intermediate inputs to domestic production, the author adopts the translog function approach to model real gross domestic income (GDI) in Canada over the 1961–2006 period. She explores the role of price ratios, such as terms of trade and the real effective exchange rate, in explaining changes in real GDI, trade openness, trade […]2009-01-29T11:35:15+00:00enRelative Prices, Trading Gains, and Real GDI: The Case of Canada2009-01-29Econometric and statistical methodsProductivityDiscussion Paper 2009-4https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp09-4.pdfRelative Prices, Trading Gains, and Real GDI: The Case of CanadaYi ZhengJanuary 2009CC4C43DD3D33FF1F10OO4O47Offshoring and Its Effects on the Labour Market and Productivity: A Survey of Recent Literature
https://www.bankofcanada.ca/wp-content/uploads/2010/06/cheung.pdf
Offshoring has become an increasingly prominent aspect of the globalization process. Evidence over the past two decades suggests that offshoring has not exerted a noticeable impact on overall employment and earnings growth in advanced economies, but it has likely contributed to shifting the demand for labour towards higher-skilled jobs. There appear to be some positive effects of offshoring on productivity, but such effects differ by country.2008-09-15T14:49:07+00:00enOffshoring and Its Effects on the Labour Market and Productivity: A Survey of Recent Literature2008-09-15What Affects MFP in the Long-Run? Evidence from Canadian Industries
https://www.bankofcanada.ca/2008/02/working-paper-2008-4/
In this paper we explore variables that may have an impact on multifactor productivity (MFP) in the long-run using the KLEMS database for Canada. We estimate a dynamic heterogeneous panel error-correction model of twelve 2-digit level industries.2008-02-08T11:26:01+00:00enWhat Affects MFP in the Long-Run? Evidence from Canadian Industries2008-02-08ProductivityWorking Paper 2008-4 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp08-4.pdfWhat Affects MFP in the Long-Run? Evidence from Canadian IndustriesDanny LeungYi ZhengFebruary 2008CC2C23DD2D24OO3O30Using Monthly Indicators to Predict Quarterly GDP
https://www.bankofcanada.ca/2006/08/working-paper-2006-26/
The authors build a model for predicting current-quarter real gross domestic product (GDP) growth using anywhere from zero to three months of indicators from that quarter.2006-08-01T15:30:42+00:00enUsing Monthly Indicators to Predict Quarterly GDP2006-08-01Econometric and statistical methodsEconomic modelsWorking Paper 2006-26 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp06-26.pdfUsing Monthly Indicators to Predict Quarterly GDPYi ZhengJames RossiterAugust 2006CC2C22C5C53Exports, Imports, and the Appreciation of the Canadian Dollar
https://www.bankofcanada.ca/wp-content/uploads/2010/06/dion1.pdf
An objective assessment of the effects of the appreciation of the Canadian dollar in 2003 and 2004 on exports and imports requires a detailed review of the numerous other factors which may have been at play. Dion, Laurence, and Zheng discuss the influences that have affected Canada's international trade over the past two years, including exchange rate movements, global and sector-specific shocks, constraints on the domestic supply of a few products, and competition from emerging economies, most notably, China. The analysis is complemented with econometric models developed at the Bank which provide statistically valid estimates of the contribution of the Canadian-dollar appreciation to the recent developments in exports and imports.2005-10-25T14:21:45+00:00enExports, Imports, and the Appreciation of the Canadian Dollar2005-10-25