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Financial Frictions, Financial Shocks and Labour Market Fluctuations in Canada
Zhang, Yahong - Bank of Canada - 2011
What are the effects of financial market imperfections on unemployment and vacancies in Canada? The author estimates … vacancies observed in the data. She also finds that financial shocks are one of the main sources of fluctuations in the Canadian … labour market. Overall, financial shocks contribute about 30 per cent of the fluctuations in unemployment and vacancies for …
Persistent link: https://www.econbiz.de/10009395394
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Price Level Targeting in a Small Open Economy with Financial Frictions: Welfare Analysis
Dib, Ali; Mendicino, Caterina; Zhang, Yahong - Bank of Canada - 2008
How important are the benefits of low price-level uncertainty? This paper explores the desirability of price-level path targeting in an estimated DSGE model fit to Canadian data. The policy implications are based on social welfare evaluations. Compared to the historical inflation targeting rule,...
Persistent link: https://www.econbiz.de/10005673378
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Unemployment Fluctuations in a Small Open-Economy Model with Segmented Labour Markets: The Case of Canada
Zhang, Yahong - Bank of Canada - 2013
The recent financial crisis and subsequent recession have spurred great interest in the sources of unemployment fluctuations. Previous studies predominantly assume a single economy-wide labour market, and therefore abstract from differences across sector-specific labour markets in the economy....
Persistent link: https://www.econbiz.de/10010709816
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Financial Factors and Labour Market Fluctuations
Zhang, Yahong - Bank of Canada - 2011
What are the effects of financial market imperfections on unemployment and vacancies? Since standard DSGE models do not … volatile unemployment and vacancies, and a relatively rigid real wage. Further, I find that the financial accelerator mechanism … plays an important role in amplifying the effects of financial shocks on unemployment and vacancies. Overall, financial …
Persistent link: https://www.econbiz.de/10009003766
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United States-Jordan Free Trade Area Implementation Act : Mr. Baucus submitted the following report (to accompany S. 643) ; (including cost estimate of the Congressional Budget Off...
Baucus, Max Sieben (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001690296