search frictions, firms price-to-market, with implications for the design of monetary policy. Country-specific shocks … generate deviations from the law of one price for traded goods which monetary policy acts to stabilize by influencing firm … markups. However, stabilizing law of one price deviations results in greater fluctuations in output. …

' funding advantage in Canada, and on the extent to which market discipline exists across different securities issued by the … Canadian banks. The banking sector in Canada provides a unique setting in which to examine market discipline along with the … prospects of proposed reforms, because Canada has no history of government bailouts. Our results suggest that large banks likely …

, the neutral rate in Canada is determined by the longer-run forces that influence savings and investment in both the …

The dramatic rise in Canada's average house price to average rent ratio has induced some commentators to argue that a …

In Canada, targeting the inflation rate was intended as a temporary measure on a journey to price-level stability, but …

lower bound of the corridor. However, by targeting a slightly higher level, the Bank of Canada could be 95% certain that the …

expansionary and a contractionary monetary policy episode in Canada. Our identification takes advantage of the fact that the … interest rates of short-term fixed-rate mortgages (the dominant product in Canada's mortgage market) have to be reset according …