Pierre St-Amant - Latest

• Financial Stress, Monetary Policy, and Economic Activity

  Staff Working Paper 2010-12 Fuchun Li, Pierre St-Amant

  This paper examines empirically the impact of financial stress on the transmission of monetary policy shocks in Canada. The model used is a threshold vector autoregression in which a regime change occurs if financial stress conditions cross a critical threshold.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial stability, Monetary policy and uncertainty JEL Code(s): C, C0, C01, E, E5, E50, G, G0, G01
• December 21, 2008

  Credit, Asset Prices, and Financial Stress in Canada

  Financial System Review - December 2008 Miroslav Misina, Pierre St-Amant, Greg Tkacz

  Content Type(s): Publications, Financial System Review articles
• June 21, 2008

  Bank of Canada Participation in the 2007 FSAP Macro Stress-Testing Exercise

  Financial System Review - June 2008 Donald Coletti, René Lalonde, Miroslav Misina, Dirk Muir, Pierre St-Amant, David Tessier

  Content Type(s): Publications, Financial System Review articles
• June 16, 2008

  A Money and Credit Real-Time Database for Canada

  Bank of Canada Review - Summer 2008 Roobina Keshishbanoosy, Pierre St-Amant, Devin Ball, Ivan Medovikov

  Model-based forecasts of important economic variables are part of the range of information considered for monetary policy decision making.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Credit and credit aggregates, Monetary aggregates, Monetary policy and uncertainty
• March 16, 2008

  Developing a Framework to Assess Financial Stability: Conference Highlights and Lessons

  Bank of Canada Review - Spring 2008 Olivier de Bandt, Céline Gauthier, Pierre St-Amant

  Central banks are still defining their approach to financial stability and are at an early stage in the development of useful models. The Bank of Canada's 2007 economic conference was organized to stimulate progress in the development of financial-stability frameworks. Among the highlights reported here are the discussions centred around three proposed frameworks: a contingent-claims-analysis framework, a semi-structural framework, and structural financial-stability models. Participants also reported on their experiences with stress-testing under the International Monetary Fund's Financial Sector Assessment Program and discussed the implications for financial stability of linkages among payment, clearing, and settlement systems.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial stability, Financial system regulation and policies, Payment clearing and settlement systems
• December 27, 2005

  Analyzing the Evolution of Financial Instability Risk

  Financial System Review - December 2005 Céline Gauthier, Pierre St-Amant

  Content Type(s): Publications, Financial System Review articles

• Quantity, Quality, and Relevance: Central Bank Research, 1990–2003

  Staff Working Paper 2005-37 Pierre St-Amant, Greg Tkacz, Annie Guérard-Langlois, Louis Morel

  The authors document the research output of 34 central banks from 1990 to 2003, and use proxies of research inputs to measure the research productivity of central banks over this period.

  Content Type(s): Staff research, Staff working papers Topic(s): Central bank research JEL Code(s): E, E5, E59
• November 22, 2004

  The Evolving Financial System and Public Policy: Conference Highlights and Lessons

  Bank of Canada Review - Autumn 2004 Pierre St-Amant, Carolyn A. Wilkins

  At the 12th annual Bank of Canada economic conference, held in Ottawa on 4 and 5 December 2003, representatives from various public and private organizations and Bank of Canada staff discussed papers presented on three key issues affecting the financial system: financial contagion, the implications of bank diversification, and financial sector regulation. Papers on financial contagion studied the effect of globalization on Canadian foreign-asset exposures, developed a general-equilibrium model of a competitive interfirm lending market in which firms can borrow or lend, and used market-based indicators to determine the probability that contagion can be generated by interbank exposures. The papers on bank diversification focused on the links between the changing behaviour of financial institutions and risk-return trade-offs. Issues of financial sector regulation included the relationship between governance and financial sector soundness, the theoretical basis of bank regulations for capital requirements, and the implications of bank capital requirements for the transmission of monetary policy. A panel discussion provided extended discussion of the conference papers.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial institutions, Financial markets, Financial services
• June 1, 2004

  The Evolving Financial System and Public Policy: Conference Highlights and Lessons

  Financial System Review - June 2004 Pierre St-Amant, Carolyn A. Wilkins

  Content Type(s): Publications, Financial System Review articles

• A Comparison of Twelve Macroeconomic Models of the Canadian Economy

  Technical Report No. 94 Denise Côté, John Kuszczak, Jean-Paul Lam, Ying Liu, Pierre St-Amant

  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): Staff research, Technical reports Topic(s): Economic models, Monetary policy and uncertainty JEL Code(s): C, C5, E, E5, E52, E58