Narrow search
Showing 1 - 10 of 180
Cover Image
Why Do Emerging Markets Liberalize Capital Outflow Controls? Fiscal versus Net Capital Flow Concerns
Aizenman, Joshua; Pasricha, Gurnain - Bank of Canada - 2013
In this paper, we provide empirical evidence on the factors that motivated emerging economies to change their capital outflow controls in recent decades. Liberalization of capital outflow controls can allow emerging-market economies (EMEs) to reduce net capital inflow (NKI) pressures, but may...
Persistent link: https://www.econbiz.de/10010849944
Cover Image
Central Bank Communications Before, During and After the Crisis: From Open-Market Operations to Open-Mouth Policy
Vayid, Ianthi - Bank of Canada - 2013
on a growing body of related academic literature, this paper reviews the history and effectiveness of central bank …
Persistent link: https://www.econbiz.de/10010849959
Cover Image
International Transmission Channels of U.S. Quantitative Easing: Evidence from Canada
Dahlhaus, Tatjana; Hess, Kristina; Reza, Abeer - Bank of Canada - 2014
The U.S. Federal Reserve responded to the great recession by reducing policy rates to the effective lower bound. In order to provide further monetary stimulus, they subsequently conducted large-scale asset purchases, quadrupling their balance sheet in the process. We assess the international...
Persistent link: https://www.econbiz.de/10010960398
Cover Image
The Neutral Rate of Interest in Canada
Mendes, Rhys R. - Bank of Canada - 2014
mid-2000s. The Bank’s estimates of the real neutral policy rate currently stand in the 1 to 2 per cent range, or 3 to 4 …
Persistent link: https://www.econbiz.de/10010960403
Cover Image
Inflation Expectations and Learning about Monetary Policy
Andolfatto, David; Hendry, Scott; Moran, Kevin - Bank of Canada - 2002
Persistent link: https://www.econbiz.de/10005220958
Cover Image
Has the Inclusion of Forward-Looking Statements in Monetary Policy Communications Made the Bank of Canada More Transparent?
Fay, Christine; Gravelle, Toni - Bank of Canada - 2010
central bank communication conveys important information to market participants. However, the authors' results also show that …To investigate the extent to which the transparency of the Bank of Canada's monetary policy has improved, the authors … official Bank communications, and in particular their reaction to the recent inclusion of forwardlooking policy-rate guidance …
Persistent link: https://www.econbiz.de/10008694963
Cover Image
The Power of Many: Assessing the Economic Impact of the Global Fiscal Stimulus
Resende, Carlos de; Lalonde, René; Snudden, Stephen - Bank of Canada - 2010
The Bank of Canada Global Economy Model (BoC-GEM) is used to examine the effect of various types of discretionary …
Persistent link: https://www.econbiz.de/10008631206
Cover Image
Money Market Rates and Retail Interest Regulation in China: The Disconnect between Interbank and Retail Credit Conditions
Porter, Nathan; Xu, TengTeng - Bank of Canada - 2013
movements in administered interest rates (part of the People’s Bank of China’s monetary policy toolkit) are important …
Persistent link: https://www.econbiz.de/10010670841
Cover Image
A Comparison of Twelve Macroeconomic Models of the Canadian Economy
Côté, Denise; Kuszczak, John; Lam, Jean-Paul; Liu, Ying; … - Bank of Canada - 2003
In this report, the authors examine and compare twelve private and public sector models of the Canadian economy with respect to their paradigm, structure, and dynamic properties. These open-economy models can be grouped into two economic paradigms. The first is the "conventional" paradigm (or...
Persistent link: https://www.econbiz.de/10005673239
Cover Image
The Performance and Robustness of Simple Monetary Policy Rules in Models of the Canadian Economy
Côté, Denise; Kuszczak, John; Lam, Jean-Paul; Liu, Ying; … - Bank of Canada - 2002
In this report, we evaluate several simple monetary policy rules in twelve private and public sector models of the Canadian economy. Our results indicate that none of the simple policy rules we examined is robust to model uncertainty, in that no single rule performs well in all models. In fact,...
Persistent link: https://www.econbiz.de/10005673247