Zhenhua Zhu

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Staff Working Papers

A Structural Small Open-Economy Model for Canada

Staff Working Paper 2004-4 Stephen Murchison, Andrew Rennison, Zhenhua Zhu
The authors develop a small open-economy dynamic stochastic general-equilibrium (DSGE) model in an attempt to understand the dynamic relationships in Canadian macroeconomic data.

Forecasting and Analyzing World Commodity Prices

Staff Working Paper 2003-24 René Lalonde, Zhenhua Zhu, Frédérick Demers
The authors develop simple econometric models to analyze and forecast two components of the Bank of Canada commodity price index: the Bank of Canada non-energy (BCNE) commodity prices and the West Texas Intermediate crude oil price. They present different methodologies to identify transitory and permanent components of movements in these prices.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Econometric and statistical methods JEL Code(s): C, C5

Estimates of the Sticky-Information Phillips Curve for the United States, Canada, and the United Kingdom

Staff Working Paper 2002-19 Hashmat Khan, Zhenhua Zhu
Mankiw and Reis (2001a) have proposed a "sticky-information"-based Phillips curve (SIPC) to address some of the concerns with the "sticky-price"-based new Keynesian Phillips curve.
Content Type(s): Staff Research, Staff Working Papers Topic(s): Economic models, Inflation and prices JEL Code(s): E, E3, E31

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