Denise Côté

Principal Researcher

Contact

Principal Researcher
Financial Stability
Financial Institutions

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Latest

Globalization and Inflation: The Role of China

Staff Working Paper 2008-35 Denise Côté, Carlos De Resende
In this paper, we develop a theoretical model which identifies four channels–import prices, competition with domestic suppliers and workers, and commodity prices–through which price- and wage-setting conditions in country j may affect inflation in country i.
Content Type(s): Staff Research, Staff Working Papers Topic(s): International topics JEL Code(s): E, E2, E22, E3, E32, E4, E44

Corporate Balance Sheets in Developed Economies: Implications for Investment

Staff Working Paper 2007-24 Denise Côté, Christopher Graham
In this paper, the authors examine the aggregate national balance-sheets of non-financial corporations in Australia and the G7 countries with a view to assessing both their financial structure and their financial position. More importantly, the authors investigate whether the financial position of non-financial corporations (i.e., debt-to-equity ratio) is material to the economy's investment prospects and whether the importance of this channel differs depending on the structure of corporate financing i.e., bank-based or market-oriented financing structures.

Convergence of Government Bond Yields in the Euro Zone: The Role of Policy Harmonization

Staff Working Paper 2004-23 Denise Côté, Christopher Graham
Since the early 1980s, long-term government bond yields in the euro zone have declined, in line with those in other industrialized countries.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Interest rates, International topics JEL Code(s): C, C2, C23, E, E4, E43, E44, F, F3, F36

A Comparison of Twelve Macroeconomic Models of the Canadian Economy

In this report, the authors examine and compare twelve private and public sector models of the Canadian economy with respect to their paradigm, structure, and dynamic properties. These open-economy models can be grouped into two economic paradigms.
Content Type(s): Technical Reports Topic(s): Economic models, Uncertainty and monetary policy JEL Code(s): C, C5, E, E5, E52, E58

The Performance and Robustness of Simple Monetary Policy Rules in Models of the Canadian Economy

In this report, we evaluate several simple monetary policy rules in twelve private and public sector models of the Canadian economy. Our results indicate that none of the simple policy rules we examined is robust to model uncertainty, in that no single rule performs well in all models.
Content Type(s): Technical Reports Topic(s): Uncertainty and monetary policy JEL Code(s): E, E5, E52, E58

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Other

Refereed Journals

  • "A Comparison of Twelve Macroeconomic Models of the Canadian Economy"
    (with Jean-Paul Lam, John Kuszczak, Ying Liu, and Pierre St-Amant). Journal of Policy Modeling, Vol. 28, No. 5, July 2006.
  • "The performance and robustness of simple monetary policy rules in models of the canadian economy"
    (with Jean-Paul Lam, John Kuszczak, Ying Liu, and Pierre St-Amant). Canadian Journal of Economics, Vol. 37, No. 4, November 2004.

Other Research

Education

  • MSc in Economics (1983), Université de Montréal
  • BSc in Economics (1982), Université de Montréal

Research Interests

  • Macroeconomics
  • Financial stability
  • International economics

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