Technical reports provide detailed descriptions of staff research project methodologies and model development.
93
result(s)
International Capital Mobility and Asset Substitutability: Some Theory and Evidence on Recent Structural Changes
Technical Report No. 44
Francesco Caramazza,
Kevin Clinton,
Agathe Côté,
David Longworth
This study examines different aspects of the international integration of capital markets. In particular, it attempts to determine whether the changes in controls and regulatory policies that have occurred in the past decade have been associated with a greater degree of market integration.
Content Type(s):
Staff research,
Technical reports
Topic(s):
Balance of payments and components,
Financial markets
JEL Code(s):
F,
F2,
F20,
G,
G1,
G11,
G15
The Slowdown in Productivity Growth in the 1975-83 Period: A Survey of Possible Explanations
Technical Report No. 43
Gerald Stuber
The growth rates of both aggregate factor and labour productivity in Canada fell substantially during the period 1975-83. This paper examines this phenomenon and reviews a number of possible explanations for it. First, the productivity growth slowdown is examined at various levels of industry disaggregation. It is apparent from this analysis that the slowdown varied […]
A Comparison of Alternative Monetary Policy Regimes in a Small Dynamic Open-Economy Simulation Model
Technical Report No. 42
David Longworth,
Stephen S. Poloz
In this paper, the simulation properties of a small, dynamic, open-economy IS-LM-Aggregate Supply model are examined under a variety of alternative policy rule assumptions. These assumptions include rigid money stock, exchange rate and nominal income targets, as well as less rigid policy rules that recognize information limitations. The model that is used consists of four […]
Content Type(s):
Staff research,
Technical reports
Topic(s):
Economic models,
Monetary policy framework
JEL Code(s):
E,
E5,
E52
An Integrated Model of the Portfolio Behaviour of the Canadian Household Sector: 1968-1983
Technical Report No. 41
Stephen S. Poloz
An econometric model of the portfolio behaviour of the Canadian household sector is developed to study the linkages between demands for financial assets. The theoretical basis for the model is a version of the well-known Brainard-Tobin framework, which is extended to integrate the consumption-savings and portfolio-allocation decisions. This integration allows joint estimation of the real […]
Content Type(s):
Staff research,
Technical reports
Topic(s):
Economic models,
Monetary policy framework
JEL Code(s):
G,
G1,
G11
The Structure of the Small Annual Model
Technical Report No. 40
David Rose,
Jack Selody
This volume contains a detailed description of the structure and sectoral properties of the Bank of Canada's Small Annual Model, SAM. The SAM model, constructed in the Research Department of the Bank, is designed for medium- to long-term simulation. It is small by econometric model standards; the version described in this report has 25 stochastic […]
Content Type(s):
Staff research,
Technical reports
Topic(s):
Interest rates
JEL Code(s):
C,
C5,
C51,
E,
E4
The Inflation-adjusted Rate of Return on Corporate Debt and Equity: 1966-1980
Technical Report No. 39
Stuart Gilson
This report has two main objectives: First, to determine whether the real tax rate on investment income has proven sensitive to inflation; second, to determine the extent to which real returns to debt and equity, based on published data, differ from those based on inflation-adjusted data. The scope of the inflationary distortion in corporate income […]
Content Type(s):
Staff research,
Technical reports
Topic(s):
Interest rates
JEL Code(s):
E,
E3,
E31,
G,
G1,
G12,
G3,
G30
Responses of Various Econometric Models to Selected Policy Shocks
Technical Report No. 38
Brian O'Reilly,
Graydon Paulin,
Philip Smith
In July, 1982 a seminar was held in Ottawa to compare the responses of nine major econometric models to a previously specified set of shocks to the Canadian economy. At the seminar, which was sponsored by the Bank of Canada and the Department of Finance, participants presented the results of their simulations and discussed the […]
Content Type(s):
Staff research,
Technical reports
Topic(s):
Economic models
JEL Code(s):
C,
C5,
C52,
E,
E1,
E17
The Investment Supply Response of Traded-Goods Industries
Technical Report No. 37
Paul Boothe
In this paper, the author uses neoclassical investment equations to examine investment behaviour in four groups of Canadian industries: export-oriented, import-competing, two- way-trade, and low-trade.
Content Type(s):
Staff research,
Technical reports
Topic(s):
Balance of payments and components
JEL Code(s):
E,
E2,
E22
La non-neutralité du mode de financement du gouvernement
Technical Report No. 36
Paul Masson
It has long been a subject of debate among economists as to whether different methods of financing government expenditures—issuing bonds or raising taxes—will bring about different effects on the economy. The purpose of this technical report is to quantify the substitution effects brought about by tax rate changes and to see to what extent they […]
Content Type(s):
Staff research,
Technical reports
Topic(s):
Debt management
JEL Code(s):
H,
H6,
H60