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Credit Market Frictions and Sudden Stops

Imura, Yuko - Bank of Canada - 2014

-sector small open economy model wherein heterogeneous firms face collateralized credit constraints for investment loans. The model … borrowing constraints lead firms to reduce investment and production, which in turn results in some firms holding capital stock …

Persistent link: https://www.econbiz.de/10010960399

Why Do Canadian Firms Invest and Operate Abroad? Implications for Canadian Exports

Coiteux, Martin; Rizzetto, Patrick; Suchanek, Lena; … - Bank of Canada - 2014

Canadian foreign direct investment and sales of Canadian multinational firms’ operations abroad, particularly in the … correlation would suggest. If part of Canadian firms’ investment abroad over the past decade was intended to replace their …

Persistent link: https://www.econbiz.de/10011097371

China’s Emergence in the World Economy and Business Cycles in Latin America

Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - Bank of Canada - 2012

The international business cycle is very important for Latin America’s economic performance as the recent global crisis vividly illustrated. This paper investigates how changes in trade linkages between China, Latin America, and the rest of the world have altered the transmission mechanism of...

Persistent link: https://www.econbiz.de/10010849965

Capital flows, exchange rates and monetary policy frameworks in Latin American and other economies : a report by a group of central banks including members of the Consultative Coun...

Bank für Internationalen Zahlungsausgleich - 2021

In early 2020, the Bank for International Settlements (BIS) Representative Office for the Americas contacted a group of nine central banks that includes the members of the Consultative Council of the Americas (CCA) except the US Federal Reserve (Argentina, Brazil, Canada, Chile, Colombia,...

Persistent link: https://www.econbiz.de/10012517920

A Model of Costly Capital Reallocation and Aggregate Productivity

Cao, Shutao - Bank of Canada - 2008

The author studies the effects of capital reallocation (the flow of productive capital across firms and establishments mainly through changes in ownership) on aggregate labour productivity. Capital reallocation is an important activity in the United States: on average, its total value is 3-4 per...

Persistent link: https://www.econbiz.de/10005808290

Uninsurable Investment Risks and Capital Income Taxation

Meh, Césaire A.; Terajima, Yaz - Bank of Canada - 2009

equilibrium economy with uninsurable investment risks. It has been shown that, with uninsurable investment risks, under …

Persistent link: https://www.econbiz.de/10005808306

Finance Constraints and Inventory Investment: Empirical Tests with Panel Data

Cunningham, Rose - Bank of Canada - 2004

The author empirically tests two aspects of the interaction between financial variables and inventory investment … investment and finance constraints using Canadian data. A sample of Canadian manufacturing firms over the period 1992Q2-1999Q4 is … information problems. The findings are consistent with a model in which inventory investment is a U-shaped function of cash flow …

Persistent link: https://www.econbiz.de/10005808325

Globalization and Inflation: The Role of China

Côté, Denise; Resende, Carlos de - Bank of Canada - 2008

In this paper, we develop a theoretical model which identifies four channels-import prices, competition with domestic suppliers and workers, and commodity prices-through which priceand wage-setting conditions in country j may affect inflation in country i. We estimate a dynamic inflation...

Persistent link: https://www.econbiz.de/10005808328

Modelling the behaviour of U.S. Inventories: A Cointegration-Euler Approach.

Claus, I. - Bank of Canada - 1997

Cyclical contractions are often referred to as inventory cycles, in part because movements in inventories can amplify cyclical fluctuations in output. An unanticipated slowing in demand generally leads to an unintended buildup of inventories: only with a lag do firms adjust production and their...

Persistent link: https://www.econbiz.de/10005808329

Implications of Uncertainty about Long-Run Inflation and the Price Level

Stuber, Gerald - Bank of Canada - 2001

This paper surveys recent developments in the theoretical and empirical literature on the economic implications of uncertainty about the longer-term outlook for inflation. In particular, the linkages between inflation, long-run inflation uncertainty, and aggregate economic activity in industrial...

Persistent link: https://www.econbiz.de/10005808374