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