Find Bank of Canada research by keyword, author, content type, JEL code, topic or date of publication.
Receive notification by email whenever new research is added to the website.
1775
result(s)
Exponentials, Polynomials, and Fourier Series: More Yield Curve Modelling at the Bank of Canada
Staff Working Paper 2002-29
David Bolder,
Scott Gusba
This paper continues the work started by Bolder and Stréliski (1999) and considers two alternative classes of models for extracting zero-coupon and forward rates from a set of observed Government of Canada bond and treasury-bill prices.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Financial markets,
Interest rates
JEL Code(s):
C,
C0,
C6,
E,
E4,
G,
G1
Filtering for Current Analysis
Staff Working Paper 2002-28
Simon van Norden
This paper shows how existing band-pass filtering techniques and their extension can be applied to the common current-analysis problem of estimating current trends or cycles.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Potential output
JEL Code(s):
C,
C1
Habit Formation and the Persistence of Monetary Shocks
Staff Working Paper 2002-27
Hafedh Bouakez,
Emanuela Cardia,
Francisco Ruge-Murcia
This paper studies the persistent effects of monetary shocks on output. Previous empirical literature documents this persistence, but standard general-equilibrium models with sticky prices fail to generate output responses beyond the duration of nominal contracts.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Monetary policy transmission
JEL Code(s):
E,
E3,
E4,
E5
Nominal Rigidity, Desired Markup Variations, and Real Exchange Rate Persistence
Staff Working Paper 2002-26
Hafedh Bouakez
This paper develops and estimates a dynamic general-equilibrium sticky-price model that accounts for real exchange rate persistence.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Exchange rates,
Market structure and pricing,
Monetary policy transmission
JEL Code(s):
F,
F3,
F31,
F4,
F41
Nominal Rigidities and Monetary Policy in Canada Since 1981
Staff Working Paper 2002-25
Ali Dib
This paper develops and estimates a dynamic, stochastic, general-equilibrium model with price and wage stickiness to analyze monetary policy in Canada.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Monetary policy framework
JEL Code(s):
E,
E3,
E31,
E32,
E5,
E52
Financial Structure and Economic Growth: A Non-Technical Survey
Staff Working Paper 2002-24
Veronika Dolar,
Césaire Meh
There is a large body of literature that studies the relationship between financial structure (that is, the degree to which the financial system is either market- or intermediary-based) and long-run economic growth.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Development economics,
Economic models,
Financial institutions,
Financial markets,
Financial services
JEL Code(s):
F,
F3,
F36,
G,
G0,
G00,
G1,
G14,
G2,
G21,
K,
K2,
K22,
O,
O1,
O16
How to Improve Inflation Targeting at the Bank of Canada
Staff Working Paper 2002-23
Nicholas Rowe
This paper shows that if the Bank of Canada is optimally adjusting its monetary policy instrument in response to inflation indicators to target 2 per cent inflation at a two-year horizon, then deviations of inflation from 2 per cent represent the Bank's forecast errors, and should be uncorrelated with its information set, which includes two-year lagged values of the instrument and the indicators. Positive or negative correlations are evidence of systematic errors in monetary policy.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Inflation targets,
Monetary and financial indicators,
Monetary policy implementation
JEL Code(s):
E,
E5
The Usefulness of Consumer Confidence Indexes in the United States
Staff Working Paper 2002-22
Brigitte Desroches,
Marc-André Gosselin
This paper assesses the usefulness of consumer confidence indexes in forecasting aggregate consumer spending in the United States.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Domestic demand and components,
Economic models,
International topics
JEL Code(s):
D,
D1,
D12,
E,
E2,
E21,
E27
Entrepreneurial Risk, Credit Constraints, and the Corporate Income Tax: A Quantitative Exploration
Staff Working Paper 2002-21
Césaire Meh
This paper describes the positive effect that corporate income tax has on capital formation in the presence of liquidity constraints and uninsurable risk.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Fiscal policy
JEL Code(s):
D,
D3,
D31,
E,
E6,
E62,
H,
H2,
H20,
H23