The Exchange Rate and Canadian Inflation Targeting
The author provides a non-technical explanation of the role played by the exchange rate in Canada's inflation-targeting monetary policy.
Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.
Content older than 10 years is available on the Bank’s Open Access Repository.
1344
result(s)
Does Financial Structure Matter for the Information Content of Financial Indicators?
Staff Working Paper 2005-33
Ramdane Djoudad,
Jack Selody,
Carolyn A. Wilkins
Of particular concern to monetary policy-makers is the considerable unreliability of financial variables for predicting GDP growth and inflation.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Business fluctuations and cycles,
Credit and credit aggregates,
Inflation and prices,
Interest rates,
Monetary aggregates
JEL Code(s):
E,
E3,
E31,
E32
Degree of Internationalization and Performance: An Analysis of Canadian Banks
Staff Working Paper 2005-32
Walid Hejazi,
Eric Santor
The international business literature measures the link between the degree of internationalization (DOI) of a firm's activities and its performance.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Financial institutions
JEL Code(s):
F,
F2,
F23,
G,
G2,
G21
Forecasting Canadian GDP: Region-Specific versus Countrywide Information
Staff Working Paper 2005-31
Frédérick Demers,
David Dupuis
The authors investigate whether the aggregation of region-specific forecasts improves upon the direct forecasting of Canadian GDP growth.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Econometric and statistical methods
JEL Code(s):
C,
C3,
C32,
C5,
C53,
E,
E1,
E17
Intertemporal Substitution in Macroeconomics: Evidence from a Two-Dimensional Labour Supply Model with Money
Staff Working Paper 2005-30
Ali Dib,
Louis Phaneuf
The hypothesis of intertemporal substitution in labour supply has a history of empirical failure when confronted with aggregate time-series data.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Business fluctuations and cycles,
Econometric and statistical methods,
Labour markets
JEL Code(s):
C,
C5,
C52,
E,
E2,
E24,
E3,
E32,
J,
J2,
J22
Has Exchange Rate Pass-Through Really Declined in Canada?
Staff Working Paper 2005-29
Hafedh Bouakez,
Nooman Rebei
Several empirical studies suggest that exchange rate pass-through has declined in recent years in industrialized countries.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Business fluctuations and cycles,
Economic models,
Exchange rates,
Inflation and prices,
International topics
JEL Code(s):
F,
F3,
F4
Inflation and Relative Price Dispersion in Canada: An Empirical Assessment
Staff Working Paper 2005-28
André Binette,
Sylvain Martel
The authors investigate empirically the relationship between different aspects of inflation and relative price dispersion in Canada using a Markov regime-switching Phillips curve.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Inflation and prices
JEL Code(s):
C,
C3,
C32,
E,
E3,
E31
Inflation Dynamics and the New Keynesian Phillips Curve: An Identification-Robust Econometric Analysis
Staff Working Paper 2005-27
Jean-Marie Dufour,
Lynda Khalaf,
Maral Kichian
The authors use identification-robust methods to assess the empirical adequacy of a New Keynesian Phillips curve (NKPC) equation.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Econometric and statistical methods,
Inflation and prices
JEL Code(s):
C,
C1,
C13,
C5,
C52,
E,
E3,
E31
Uninsured Idiosyncratic Production Risk with Borrowing Constraints
Staff Working Paper 2005-26
Francisco Covas
The author analyzes a general-equilibrium model of a heterogeneous agents economy in which the agents are subject to borrowing constraints and uninsurable idiosyncratic production risk.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Economic models,
Financial institutions,
Financial markets
JEL Code(s):
E,
E2,
E22,
G,
G1,
G11,
M,
M1,
M13
The Impact of Unanticipated Defaults in Canada's Large Value Transfer System
Staff Working Paper 2005-25
Darcey McVanel
Canada's Large Value Transfer System (LVTS) is designed to meet international risk-proofing standards at a minimum cost to participants in terms of collateral requirements.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Financial institutions,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E44,
E47,
G,
G2,
G21