Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.
1295
result(s)
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
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 Dynamic Behaviour of Canadian Imports and the Linear-Quadratic Model: Evidence Based on the Euler Equation
Staff Working Paper 1994-6
Robert Amano,
Tony S. Wirjanto
We examine the ability of the simple linear-quadratic model under rational expectations to explain dynamic behaviour of aggregate Canadian imports. In contrast to authors of previous studies who examine dynamic behaviour using the LQ model, we estimate the structural parameters using the Euler equation in a limited information framework that does not require an explicit solution for the model's control variables in terms of the exogenous forcing variables.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Recent economic and financial developments
Exchange Rate Volatility and Trade: A Survey
Staff Working Paper 1994-5
Agathe Côté
This paper provides an extensive survey of the literature on exchange rate volatility and trade, examining both the theory that underlies the work in this area and the results of empirical studies published since 1988.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Exchange rates
An Up-to-Date and Improved BVAR Model of the Canadian Economy
Staff Working Paper 1994-4
Daniel Racette,
Jacques Raynauld,
Christian Sigouin
In this paper, we estimate a fully optimized BVAR model of the Canadian economy for the period 1971-87. The model is well-adapted to the features of a small open economy. We show how it can be used as an input in the monetary policy process either as a forecasting instrument or an analytical tool.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models
The Term Structure and Real Activity in Canada
Staff Working Paper 1994-3
Barry Cozier,
Greg Tkacz
This paper examines the predictive content of the term structure of interest rates for economic activity in Canada. Recent papers for the United States and other countries find that the slope of the term structure is a very good predictor of output growth.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Interest rates,
Monetary and financial indicators