Technical reports provide detailed descriptions of staff research project methodologies and model development.
93
result(s)
Yield Curve Modelling at the Bank of Canada
Technical Report No. 84
David Bolder,
David Stréliski
The primary objective of this paper is to produce a framework that could be used to construct a historical data base of zero-coupon and forward yield curves estimated from Government of Canada securities' prices.
Content Type(s):
Staff research,
Technical reports
Topic(s):
Economic models
The Benefits of Low Inflation: Taking Stock
Technical Report No. 83
Brian O'Reilly
This paper surveys the empirical literature on the benefits of low inflation, emphasizing contributions since 1990. It follows the framework of a section in the Bank's 1990 Annual Report, "The benefits of price stability."
Content Type(s):
Staff research,
Technical reports
Topic(s):
Inflation: costs and benefits
JEL Code(s):
E,
E3
The Financial Services Sector: Past Changes and Future Prospects
Technical Report No. 82
Charles Freedman,
Clyde Goodlet
The financial services industry has been undergoing significant change in recent years. This paper analyzes some key developments affecting the industry and examines some important issues facing the industry and its regulators.
The Canadian Banking System
Technical Report No. 81
Charles Freedman
This paper examines the major changes in the Canadian banking system since the Second World War, with special attention paid to the differences between Canadian and U.S. developments over this period.
Content Type(s):
Staff research,
Technical reports
Topic(s):
Financial institutions
JEL Code(s):
G,
G2
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
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
Do Mechanical Filters Provide a Good Approximation of Business Cycles?
Technical Report No. 78
Alain Guay,
Pierre St-Amant
In this paper, the authors examine how well the Hodrick-Prescott filter (HP) and the band-pass filter recently proposed by Baxter and King (BK) extract the business-cycle component of macroeconomic time series.
Content Type(s):
Staff research,
Technical reports
Topic(s):
Econometric and statistical methods
JEL Code(s):
C,
C5,
C52,
E,
E3,
E32
The Bank of Canada's New Quarterly Projection Model, Part 4. A Semi-Structural Method to Estimate Potential Output: Combining Economic Theory with a Time-Series Filter
Technical Report No. 77
Leo Butler
The level of potential output plays a central role in the Bank of Canada's new Quarterly Projection Model (QPM). This report, the fourth in a series documenting QPM, describes a general method to measure potential output, as well as its implementation in the QPM system.
Content Type(s):
Staff research,
Technical reports
Topic(s):
Economic models
JEL Code(s):
C,
C5,
C51,
E,
E2,
E23
Excess Volatility and Speculative Bubbles in the Canadian Dollar: Real or Imagined?
Technical Report No. 76
John Murray,
Simon van Norden,
Robert Vigfusson
Greater intervention by the public sector is often proposed as a solution to the increased speculation and excessive price volatility thought to characterize today's competitive world financial system.
Content Type(s):
Staff research,
Technical reports
Topic(s):
Exchange rates
JEL Code(s):
C,
C4,
C40,
F,
F3,
F31