David Rose

External Author

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Staff Working Papers

Canadian Policy Analysis Model: CPAM

Staff Working Paper 1997-16 Richard Black, David Rose
This paper documents the structure and properties of the Canadian Policy Analysis Model (CPAM). CPAM is designed to provide a reasonably complete representation of the Canadian macro economy.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models JEL Code(s): C, C5, C53, E, E1, E17

Inflation, Learning and Monetary Policy Regimes in The G-7 Economies

Staff Working Paper 1995-6 Nicholas Ricketts, David Rose
In this paper, the authors report estimates of two- and three-state Markov switching models applied to inflation, measured using consumer price indexes, in the G-7 countries. They report tests that show that two-state models are preferred to simple one-state representations of the data, and argue that three-state representations are more satisfactory than two-state representations for […]

Government Debt and Deficits In Canada: A Macro Simulation Analysis

Staff Working Paper 1995-4 Tiff Macklem, David Rose, Robert Tetlow
This paper examines the macroeconomic implications of rising government debt in Canada and the short-run costs and long-run benefits of stemming the rise. The discussion begins with an evaluation of the long-run consequences of increasing government indebtedness, first based on the simple arithmetic of the government's long-run budget constraint, and then based on simulations of […]
Content Type(s): Staff Research, Staff Working Papers Topic(s): Fiscal Policy

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