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La fonction de production et les données canadiennes

Perrier, Patrick - Bank of Canada - 2005

an elasticity of substitution between labour and capital equal to one, which would be the case with a Cobb … capital for labour lying between 0.4 and 0.6, or well below one. Most of the tests reject use of the Cobb-Douglas formulation … for representing Canadian data. These results suggest that capital and labour are much more complementary than is assumed …

Persistent link: https://www.econbiz.de/10005162482

Labour Market Adjustments to Exchange Rate Fluctuations: Evidence from Canadian Manufacturing Industries

Leung, Danny; Yuen, Terence - Bank of Canada - 2005

The authors provide some of the first empirical evidence on labour market adjustments to exchange rate movements in Canadian manufacturing industries. Generalized method of moments estimates that control for endogeneity show that there are significant changes in labour input when a change in the...

Persistent link: https://www.econbiz.de/10005808395

Relative Price Movements and Labour Productivity in Canada: A VAR Analysis

Dolega, Michael; Dupuis, David; Pichette, Lise - Bank of Canada - 2010

In recent years, the Canadian economy has been affected by strong movements in relative prices brought about by the surging costs of energy and non-energy commodities, with significant implications for the terms of trade, the exchange rate, and the allocation of resources across Canadian sectors...

Persistent link: https://www.econbiz.de/10008516206

Measurement of the Output Gap: A Discussion of Recent Research at the Bank of Canada

St-Amant, P.; van Norden, S. - Bank of Canada - 1997

In this paper, we discuss some methodologies for estimating potential output and the output gap that have recently been studied at the Bank of Canada. The assumptions and econometric techniques used by the different methodologies are discussed in turn, and applications to Cnadian data are presented.

Persistent link: https://www.econbiz.de/10005162370

Une approche éclectique d'estimation du PIB potentiel pour le Royaume-Uni

St-Arnaud, Charles - Bank of Canada - 2004

The author describes results obtained by using a new methodology to estimate potential output for the United Kingdom. The estimation method, which follows Rennison (2003) and Gosselin and Lalonde (2002), shows that combining the use of a Hodrick-Prescott filter and a structural vector...

Persistent link: https://www.econbiz.de/10005536879

Une approche éclectique d'estimation du PIB potentiel américain

Gosselin, Marc-André; Lalonde, René - Bank of Canada - 2002

Persistent link: https://www.econbiz.de/10005673330

Security Transaction Taxes and Market Quality

Pomeranets, Anna; Weaver, Daniel G. - Bank of Canada - 2011

We examine nine changes in the New York State Security Transaction Taxes (STT) between 1932 and 1981. We find that imposing or increasing an STT results in wider bidask spreads, lower volume, and increased price impact of trades. In contrast to theories of STT imposition as a means to reduce...

Persistent link: https://www.econbiz.de/10009368871

Relative Prices, Trading Gains, and Real GDI: The Case of Canada

Zheng, Yi - Bank of Canada - 2009

of capital, and the representation of technological changes. …

Persistent link: https://www.econbiz.de/10005808275

Money and Credit Factors

Gilbert, Paul D.; Meijer, Erik - Bank of Canada - 2006

The authors introduce new measures of important underlying macroeconomic phenomena that affect the financial side of the economy. These measures are calculated using the time-series factor analysis (TSFA) methodology introduced in Gilbert and Meijer (2005). The measures appear to be both more...

Persistent link: https://www.econbiz.de/10005162411

Extracting Information from the Business Outlook Survey Using Statistical Approaches

Pichette, Lise - Bank of Canada - 2012

Since the autumn of 1997, the regional offices of the Bank of Canada have conducted quarterly consultations with businesses across Canada. These consultations, summarized in the Business Outlook Survey (BOS), are structured around a survey questionnaire that covers topics of importance to the...

Persistent link: https://www.econbiz.de/10010599186