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1906
result(s)
Searching for the Liquidity Effect in Canada
Staff Working Paper 1994-12
Ben Fung,
Rohit Gupta
This paper examines the empirical evidence of the liquidity effect in Canada. In the presence of the liquidity effect, the initial impact of an unanticipated expansionary monetary policy is to lower nominal and real interest rates for a short period of time.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Monetary aggregates
The Causes of Unemployment in Canada: A Review of the Evidence
Staff Working Paper 1994-11
Stephen S. Poloz
This paper reviews various competing theories of structural unemployment and considers whether they may be used to explain any of the rise in unemployment experienced by Canada during the most recent economic cycle.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Labour markets
Les provinces canadiennes et la convergence : une évaluation empirique
Staff Working Paper 1994-10
Mario Lefebvre
This paper examines whether the hypothesis of economic convergence holds for the Canadian provinces. Using data on real gross domestic product per capita and on factor productivity from 1966 to 1992, the paper shows, using two different methods, that the convergence hypothesis cannot be rejected. This evidence supports the findings of other authors who have studied convergence among Canadian provinces.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Recent economic and financial developments
Symétrie des chocs touchant les régions canadiennes et choix d'un régime de change
Staff Working Paper 1994-9
Alain DeSerres,
René Lalonde
The authors attempt to determine whether the primary advantage of the flexible exchange rate between Canada and the United States—the rapid adjustment of the real exchange rate following an asymmetrical shock—is as evident at the regional as at the national level.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Exchange rates
The Bank of Canada's New Quarterly Projection Model, Part 1. The Steady-State Model: SSQPM
Technical Report No. 72
Richard Black,
Douglas Laxton,
David Rose,
Robert Tetlow
This report is the first documenting the Bank of Canada's new model of the Canadian economy, the Quarterly Projection Model (QPM). QPM is used at the Bank of Canada for both economic projections and policy analysis. Here the authors focus on the model's long-run properties, describing SSQPM, a model of the steady state of QPM […]
Content Type(s):
Staff research,
Technical reports
Topic(s):
Economic models
JEL Code(s):
C,
C5,
C51,
E,
E1,
E13
Wealth, Disposable Income and Consumption: Some Evidence for Canada
Technical Report No. 71
Tiff Macklem
The author develops a measure of aggregate private sector wealth in Canada and examines its ability to explain aggregate consumption of non-durables and services. This wealth measure includes financial, physical and human wealth. The author measures human wealth as the expected present value of aggregate labour income, net of government expenditures, based on a discrete […]
Content Type(s):
Staff research,
Technical reports
Topic(s):
Domestic demand and components
JEL Code(s):
D,
D9,
D91,
E,
E2,
E21
An Empirical Investigation into Government Spending and Private Sector Behaviour
Staff Working Paper 1994-8
Robert Amano,
Tony S. Wirjanto
We examine whether there is a significant relationship between government and private consumption for Canada. We derive estimating equations between the two types of consumption under both cointegration and no-cointegration assumptions.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Recent economic and financial developments
L'endettement du secteur privé au Canada: un examen macroéconomique
Staff Working Paper 1994-7
Jean-François Fillion
In this study, the author examines the hypothesis of private-sector debt overhang, which suggests that households and businesses may on occasion find themselves holding too much debt and so decide to reduce it by cutting back expenditures. His aim is to determine whether this hypothesis can help explain the weakness of credit growth and the sluggishness of the recent economic recovery in Canada.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Sectoral balance sheet
The Implications of the FTA and NAFTA for Canada and Mexico
Technical Report No. 70
William White
This report highlights the possible implications of the Free Trade Agreement (FTA) and the North American Free Trade Agreement (NAFTA) for Canada and Mexico. While it is still early, the initial evidence indicates that these treaties are contributing to a continental process of industrial restructuring that will contribute to higher living standards over time. The […]
Content Type(s):
Staff research,
Technical reports
Topic(s):
International topics
JEL Code(s):
F,
F1,
F13