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.
1922
result(s)
Food Aid Delivery, Food Security and Aggregate Welfare in a Small Open Economy: Theory and Evidence
Staff Working Paper 1998-1
Patrick Osakwe
A small-open-economy model is developed to examine how the method of food aid disbursement affects labor employment, food security and aggregate welfare, in recipient countries, in an environment in which private sector firms pay efficiency wages to induce effort. Two forms of food aid delivery are considered: first is project food aid, under which food […]
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Development economics
JEL Code(s):
J,
J4,
O,
O1,
Q,
Q1
Constraints on the Conduct of Canadian Monetary Policy in the 1990s: Dealing with Uncertainty in Financial Markets
Technical Report No. 80
Kevin Clinton,
Mark Zelmer
Canada's economic performance in the first half of the 1990s was adversely affected by high premiums in interest rates that were brought on by political and economic uncertainties.
Content Type(s):
Staff research,
Technical reports
Topic(s):
Monetary policy and uncertainty,
Monetary policy implementation,
Monetary policy transmission
JEL Code(s):
E,
E5,
E58
Modelling the Behaviour of U.S. Inventories: A Cointegration-Euler Approach
Staff Working Paper 1997-19
Iris Claus
Cyclical contractions are often referred to as inventory cycles, in part because movements in inventories can amplify cyclical fluctuations in output. An unanticipated slowing in demand generally leads to an unintended buildup of inventories: only with a lag do firms adjust production and their actual holding of inventories relative to the desired level.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
International topics
JEL Code(s):
E,
E2,
E22
A Measure of Underlying Inflation in the United States
Staff Working Paper 1997-20
Iris Claus
A monetary authority with the primary objective of price stability has to distinguish between temporary price shocks and persistent shocks to the rate of inflation. A measure of underlying inflation, therefore, has an important role to play as a guideline for monetary policy.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Inflation and prices,
International topics
JEL Code(s):
E,
E3,
E31
Les marchés du travail régionaux : une comparaison entre le Canada et les États-Unis
Staff Working Paper 1997-17
Mario Lefebvre
The purpose of this study is to compare the behaviour of regional labour markets in Canada and the United States. The study shows that the degree of persistence of unemployment is significantly higher in the provinces of Canada than it is in the various American regions.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Labour markets,
Recent economic and financial developments
JEL Code(s):
E,
E2,
E24
Measurement of the Output Gap: A Discussion of Recent Research at the Bank of Canada
Technical Report No. 79
Pierre St-Amant,
Simon van Norden
In this paper, we discuss some methodologies for estimating potential output and the output gap that have recently been studied at the Bank of Canada. The assumptions and econometric techniques used by the different methodologies are discussed in turn, and applications to Canadian data are presented.
Content Type(s):
Staff research,
Technical reports
Topic(s):
Potential output
JEL Code(s):
D,
D2,
D24
Canadian Short-Term Interest Rates and the BAX Futures Market: Analysis of the Impact of Volatility on Hedging Activity and the Correlation of Returns between Markets
Staff Working Paper 1997-18
David Watt
This paper analyses how Canadian financial firms manage short-term interest rate risk through the use of BAX futures contracts. The results show that the most effective hedging strategy is, on average, a static strategy based on linear regression that assumes constant variances, even though dynamic models allowing for time-varying variances are found to have superior explanatory power.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial markets,
Interest rates
JEL Code(s):
E,
E4,
E43
Canadian Policy Analysis Model: CPAM
Staff Working Paper 1997-16
Richard Black,
David Rose
This paper documents the structure and properties of the Canadian Policy Analysis Model (CPAM). CPAM is designed to provide a reasonably complete representation of the Canadian macro economy.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models
JEL Code(s):
C,
C5,
C53,
E,
E1,
E17
The Effects of Budget Rules on Fiscal Performance and Macroeconomic Stabilization
Staff Working Paper 1997-15
Jonathan Millar
Budget rules can be defined as legislated or constitutional constraints on government deficits, taxes, expenditures, or debt. This paper reviews the budget rules recently legislated in six of Canada's provinces and both of its territories, as well as budget rules in other OECD countries.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Fiscal policy
JEL Code(s):
E,
E6,
E62,
H,
H3,
H6,
H61