Nikita Perevalov - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T11:09:38+00:00IMPACT: The Bank of Canada’s International Model for Projecting Activity
https://www.bankofcanada.ca/2020/03/technical-report-116/
We present the structure and features of the International Model for Projecting Activity (IMPACT), a global semi-structural model used to conduct projections and policy analysis at the Bank of Canada. Major blocks of the model are developed based on the rational error correction framework of Kozicki and Tinsley (1999), which allows the model to strike a balance between theoretical structure and empirical performance.2020-03-06T11:09:46+00:00enIMPACT: The Bank of Canada’s International Model for Projecting Activity2020-03-06Business fluctuations and cyclesEconometric and statistical methodsEconomic modelsInternational topicsTechnical Report 116https://www.bankofcanada.ca/wp-content/uploads/2020/03/tr116.pdfTechnical Report 116Patrick BlagraveClaudia GodboutJustin-Damien GuénetteRené LalondeNikita PerevalovMarch 2020CC6C68EE2E27E3E37FF0F01F3F32F4F47The Complex Adjustment of the Canadian Economy to Lower Commodity Prices
https://www.bankofcanada.ca/2016/01/staff-analytical-note-2016-1/
In this analytical note, we provide a comprehensive assessment of the complex structural adjustment facing the Canadian economy following the commodity price decline since mid-2014. We quantify separately the impacts coming from the commodity sector restructuring and the broader effect of significantly lower terms of trade.2016-01-20T10:00:28+00:00enThe Complex Adjustment of the Canadian Economy to Lower Commodity Prices2016-01-20Countercyclical Bank Capital Requirement and Optimized Monetary Policy Rules
https://www.bankofcanada.ca/2013/04/working-paper-2013-8/
Using BoC-GEM-Fin, a large-scale DSGE model with real, nominal and financial frictions featuring a banking sector, we explore the macroeconomic implications of various types of countercyclical bank capital regulations. Results suggest that countercyclical capital requirements have a significant stabilizing effect on key macroeconomic variables, but mostly after financial shocks.2013-04-08T11:40:14+00:00enCountercyclical Bank Capital Requirement and Optimized Monetary Policy Rules2013-04-08Economic modelsFinancial institutionsFinancial stabilityInternational topicsWorking Paper 2013-08https://www.bankofcanada.ca/wp-content/uploads/2013/04/wp2013-08.pdfCountercyclical Bank Capital Requirement and Optimized Monetary Policy RulesCarlos De ResendeAli DibRené LalondeNikita PerevalovApril 2013EE3E32E4E44E5GG1G2On the Adjustment of the Global Economy
https://www.bankofcanada.ca/wp-content/uploads/2012/05/boc-review-spring12-deresende.pdf
This article discusses three scenarios for the adjustment of the global economy. In a “baseline” scenario—which encompasses fiscal consolidation in major advanced economies, growth-friendly structural reforms in Europe and Japan, and greater exchange rate flexibility and reforms in the emerging-market economies of Asia to induce rotation of demand away from net exports—global current account imbalances […]2012-05-17T10:23:50+00:00enOn the Adjustment of the Global Economy2012-05-17The Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FIN
https://www.bankofcanada.ca/2010/12/discussion-paper-2010-16/
The authors use simulations within the BoC-GEM-FIN, the Bank of Canada's version of the Global Economy Model with financial frictions in both the demand and supply sides of the credit market, to investigate the macroeconomic implications of changing bank regulations on the Canadian economy.2010-12-15T10:57:46+00:00enThe Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FIN2010-12-15Economic modelsFinancial institutionsFinancial stabilityInternational topicsDiscussion Paper 2010-16https://www.bankofcanada.ca/wp-content/uploads/2010/12/dp10-16.pdfThe Macroeconomic Implications of Changes in Bank Capital and Liquidity Requirements in Canada: Insights from the BoC-GEM-FINCarlos De ResendeAli DibNikita PerevalovDecember 2010EE3E32E4E44E5GG1G2On the Advantages of Disaggregated Data: Insights from Forecasting the U.S. Economy in a Data-Rich Environment
https://www.bankofcanada.ca/2010/03/working-paper-2010-10/
The good forecasting performance of factor models has been well documented in the literature. While many studies focus on a very limited set of variables (typically GDP and inflation), this study evaluates forecasting performance at disaggregated levels to examine the source of the improved forecasting accuracy, relative to a simple autoregressive model. We use the latest revision of over 100 U.S. time series over the period 1974-2009 (monthly and quarterly data).2010-03-22T14:49:24+00:00enOn the Advantages of Disaggregated Data: Insights from Forecasting the U.S. Economy in a Data-Rich Environment2010-03-22Econometric and statistical methodsInternational topicsWorking Paper 2010-10https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp10-10.pdfOn the Advantages of Disaggregated Data: Insights from Forecasting the U.S. Economy in a Data-Rich EnvironmentNikita PerevalovPhilipp MaierMarch 2010CC5C50C53EE3E37E4E47Financial Constraints and the Cash-Holding Behaviour of Canadian Firms
https://www.bankofcanada.ca/2008/10/discussion-paper-2008-16/
The proportion of assets held by the average Canadian firm in the form of cash has increased steadily since the early 1990s, and is now roughly twice as large as in 1990. The literature has established that the cash-holding behaviour of firms is highly correlated with financial constraints and firm characteristics.2008-10-25T14:56:14+00:00enFinancial Constraints and the Cash-Holding Behaviour of Canadian Firms2008-10-25Sectoral balance sheetDiscussion Paper 2008-16https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp08-16.pdfFinancial Constraints and the Cash-Holding Behaviour of Canadian FirmsDarcey McVanelNikita PerevalovOctober 2008GG1G11G3G32