Staff research, Publications

• April 19, 2005

  Communication: A Vital Tool in the Implementation of Monetary Policy

  Bank of Canada Review - Spring 2005 Paul Jenkins

  Remarks by Paul Jenkins, Senior Deputy Governor, Bank of Canada, to the FMAC/FMA-USA Joint Conference 2004

  Content Type(s): Publications, Bank of Canada Review articles
• April 14, 2005

  Monetary Policy Report – April 2005

  

  The global economy has been unfolding largely as expected, and prospects for continued robust growth are quite favourable, especially over the near term.

  Content Type(s): Publications, Monetary Policy Report
• April 4, 2005

  Business Outlook Survey - Spring 2005

  Businesses are more optimistic about the economic outlook than in the winter survey. The greater stability of the Canadian dollar in the three months since the previous survey has helped to ease concerns among exporters. Businesses continue to expect strong domestic sales.

  Content Type(s): Publications, Business Outlook Survey

• Do Exchange Rates Affect the Capital-Labour Ratio? Panel Evidence from Canadian Manufacturing Industries

  Staff Working Paper 2005-12 Danny Leung, Terence Yuen

  Using industry-level data for Canadian manufacturing industries from 1981 to 1997, the authors find empirical evidence of a negative relationship between the capital-labour ratio and the user cost of capital relative to the price of labour.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Exchange rates, Productivity JEL Code(s): F, F4

• An Analysis of Closure Policy under Alternative Regulatory Structures

  Staff Working Paper 2005-11 Greg Caldwell

  The author develops a theoretical model of bank closure. The regulatory decision about bank failure consists of two parts: whether to close and how to close.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial institutions JEL Code(s): G, G2, G21, G28

• Educational Spillovers: Does One Size Fit All?

  Staff Working Paper 2005-10 Robert Baumann, Raphael Solomon

  In a search model of production, where agents accumulate heterogeneous amounts of human capital, an individual worker's wage depends on average human capital in the searching population.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Labour markets JEL Code(s): I, I2, I29, J, J2, J24, J3, J31

• State Dependence in Fundamentals and Preferences Explains Risk-Aversion Puzzle

  Staff Working Paper 2005-9 Fousseni Chabi-Yo, René Garcia, Eric Renault

  The authors examine the ability of economic models with regime shifts to rationalize and explain the risk-aversion and pricing-kernel puzzles put forward in Jackwerth (2000).

  Content Type(s): Staff research, Staff working papers Research Topic(s): Financial markets, Market structure and pricing JEL Code(s): G, G1, G12, G13
• March 28, 2005

  The Thiessen Lectures

  Lectures delivered by Gordon G. Thiessen, Governor of the Bank of Canada 1994 to 2001

  Content Type(s): Publications, Books and monographs

• Recent Developments in Self-Employment in Canada

  Staff Working Paper 2005-8 Nadja Kamhi, Danny Leung

  The authors document the recent evolution of the self-employment rate in Canada. Between 1987 and 1998, the self-employment rate rose 3.5 percentage points from 13.8 per cent to 17.3 per cent.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Labour markets JEL Code(s): J, J2, J23, J24

• Determinants of Borrowing Limits on Credit Cards

  Staff Working Paper 2005-7 Shubhasis Dey, Gene Mumy

  The difference between actual borrowings and borrowing limits alone generates information asymmetry in the credit card market.

  Content Type(s): Staff research, Staff working papers Research Topic(s): Econometric and statistical methods, Market structure and pricing JEL Code(s): C, C3, D, D4, D8, D82