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1295
result(s)
Family Values: Ownership Structure, Performance and Capital Structure of Canadian Firms
Staff Working Paper 2007-40
Michael R. King,
Eric Santor
This study examines how family ownership affects the performance and capital structure of 613 Canadian firms using a panel dataset from 1998 to 2005.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial markets,
International topics
JEL Code(s):
G,
G1,
G12,
G15
Liquidity, Redistribution, and the Welfare Cost of Inflation
Staff Working Paper 2007-39
Jonathan Chiu,
Miguel Molico
This paper studies the long run welfare costs of inflation in a micro-founded model with trading frictions and costly liquidity management.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Inflation: costs and benefits
JEL Code(s):
E,
E4,
E40,
E5,
E50
The Canadian Business Cycle: A Comparison of Models
Staff Working Paper 2007-38
Frédérick Demers,
Ryan Macdonald
This paper examines the ability of linear and nonlinear models to replicate features of real Canadian GDP. We evaluate the models using various business-cycle metrics.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Econometric and statistical methods
JEL Code(s):
C,
C3,
C32,
E,
E3,
E37
A vision for IMF Surveillance
Staff Working Paper 2007-37
Robert Lavigne,
Philipp Maier,
Eric Santor
The ongoing review of the IMF, initiated in 2005 by Managing Director De Rato, presents an excellent opportunity to re-examine the role, functions and governance of the Fund.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial stability,
International topics
JEL Code(s):
F,
F3,
F33
Cross-Country Estimates of the Degree of Fiscal Dominance and Central Bank Independence
Staff Working Paper 2007-36
Carlos De Resende
This paper studies the interdependence between fiscal and monetary policies, and their joint role in the determination of the price level.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Central bank research,
Fiscal policy,
Inflation: costs and benefits
JEL Code(s):
E,
E3,
E31,
E4,
E42,
E5,
E50,
E6,
E63
Gold Prices and Inflation
Staff Working Paper 2007-35
Greg Tkacz
Using data for 14 countries over the 1994 to 2005 period, we assess the leading indicator properties of gold at horizons ranging from 6 to 24 months.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Exchange rates,
Inflation and prices
JEL Code(s):
E,
E3,
E31,
E4,
E44
Oil Price Movements and the Global Economy: A Model-Based Assessment
Staff Working Paper 2007-34
Selim Elekdag,
René Lalonde,
Douglas Laxton,
Dirk Muir,
Paolo Pesenti
We develop a five-region version (Canada, an oil exporter, the United States, emerging Asia and Japan plus the euro area) of the Global Economy Model (GEM) encompassing production and trade of crude oil, and use it to study the international transmission mechanism of shocks that drive oil prices.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Inflation and prices,
International topics
JEL Code(s):
E,
E6,
E66,
F,
F3,
F32,
F4,
F47
Domestic versus External Borrowing and Fiscal Policy in Emerging Markets
Staff Working Paper 2007-33
Garima Vasishtha
Domestic public debt issued by emerging markets has risen significantly relative to international debt in recent years. Some recent empirical evidence also suggests that sovereigns have defaulted differentially on debt held by domestic and external creditors.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Debt management,
International topics
JEL Code(s):
F,
F3,
F30,
H,
H2,
H21,
H6,
H63
Computing Optimal Policy in a Timeless-Perspective: An Application to a Small-Open Economy
Staff Working Paper 2007-32
Michel Juillard,
Florian Pelgrin
Since the contribution of Kydland and Prescott (1977), it is well known that the optimal Ramsey policy is time inconsistent. In a series of recent contributions, Woodford (2003) proposes a new methodology to circumvent this problem, namely the timeless perspective solution.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Monetary policy framework
JEL Code(s):
C,
C6,
E,
E5,
E6