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Non-Parametric and Neural Network Models of Inflation Changes

Tkacz, Greg - Bank of Canada - 2000

Previous studies have shown that interest rate yield spreads contain useful information about future changes in …

Persistent link: https://www.econbiz.de/10005536865

Uninsured Idiosyncratic Production Risk with Borrowing Constraints

Covas, Francisco - Bank of Canada - 2005

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. In particular, he addresses the impact of these frictions on entrepreneurial investment and illustrates the...

Persistent link: https://www.econbiz.de/10005536869

Translog ou Cobb-Douglas? Le rôle des durées d'utilisation des facteurs

Heyer, Eric; Pelgrin, Florian; Sylvain, Arnaud - Bank of Canada - 2004

Using French data on industrial firms over the period 1989-2001, the authors estimate a "flexible" Translog production function that accounts for the volumes and durations of factor utilization. They draw on the framework proposed by Blundell and Bond (2000), assuming that serially correlated...

Persistent link: https://www.econbiz.de/10005536880

A Modified P*-Model of Inflation Based on M1.

Atta-Mensah, J - Bank of Canada - 1996

the deviations of M1 from its long-run path provide "distant-early-warning" information about the future path of inflation. …

Persistent link: https://www.econbiz.de/10005536886

The Welfare Implications of Fiscal Dominance

Resende, Carlos De; Rebei, Nooman - Bank of Canada - 2008

-state to evaluate the welfare costs of fiscal dominance. Results suggest significant welfare losses for countries with high …

Persistent link: https://www.econbiz.de/10005536893

Integrating Uncertainty and Monetary Policy-Making: A Practitioner’s Perspective

Poloz, Stephen S. - Bank of Canada - 2014

This paper discusses how central banking is evolving in light of recent experience, with particular emphasis on the incorporation of uncertainty into policy decision-making. The sort of post-crisis uncertainty that central banks are dealing with today is more profound than that which is...

Persistent link: https://www.econbiz.de/10011097372

Addressing Household Indebtedness: Monetary, Fiscal or Macroprudential Policy?

Alpanda, Sami; Zubairy, Sarah - Bank of Canada - 2014

In this paper, we build a dynamic stochastic general-equilibrium model with housing and household debt, and compare the effectiveness of monetary policy, housing-related fiscal policy, and macroprudential regulations in reducing household indebtedness. The model features long-term fixed-rate...

Persistent link: https://www.econbiz.de/10011103292

Information, Risk Sharing and Incentives in Agency Problems

xie, Jia - Bank of Canada - 2015

This paper studies the use of information for incentives and risk sharing in agency problems. When the principal is … outcome. In this case, information systems are ranked according to their informativeness of the agent’s action. When the … outcome is noncontractible, however, the principal has to rely on imperfect information for both incentives and risk sharing …

Persistent link: https://www.econbiz.de/10011166910

Analyzing and Forecasting the Canadian Economy through the LENS Model

Gervais, Olivier; Gosselin, Marc-André - Bank of Canada - 2014

combine forward-looking expectations with adjustment costs. Compared to ToTEM, the Bank’s main model for projection and policy …

Persistent link: https://www.econbiz.de/10011265714

International Spillovers of Large-Scale Asset Purchases

Alpanda, Sami; Kabaca, Serdar - Bank of Canada - 2015

This paper evaluates the international spillover effects of large-scale asset purchases(LSAPs) using a two-country dynamic stochastic general-equilibrium model with nominal and real rigidities, and portfolio balance effects. Portfolio balance effects arise from imperfect substitution between...

Persistent link: https://www.econbiz.de/10011126749