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Resurrecting the role of real money balance effects
Dorich, José - 2009
inflation and output dynamics in the United States. In particular, I find that real money balance effects are quantitatively …
Persistent link: https://www.econbiz.de/10003933293
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On Inflation and the Persistence of Shocks to Output
Luger, Richard; Kichian, Maral - Bank of Canada - 2001
inflation. The analysis extends Elwood’s (1998) framework by incorporating in the model an inflation-threshold process that can …, depending on the level of inflation: negative shocks are more detrimental when inflation is high, and positive shocks are more … persistent when inflation is low. …
Persistent link: https://www.econbiz.de/10005808321
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Fractional Cointegration and the Demand for M1
Tkacz, Greg - Bank of Canada - 2000
Persistent link: https://www.econbiz.de/10005808392
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Inventories in ToTEM
Kryvtsov, Oleksiy; Zhang, Yang - Bank of Canada - 2010
ToTEM – the Bank of Canada’s principal projection and policy-analysis model for the Canadian economy – is extended to include inventories. In the model, firms accumulate inventories of finished goods for their role in facilitating the demand for goods. The model is successful in matching...
Persistent link: https://www.econbiz.de/10008484232
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Inventories, Stockouts, and ToTEM
Kryvtsov, Oleksiy; Zhang, Yang - Bank of Canada - 2010
Inventory investment is an important component of the Canadian business cycle. Despite its small average size – less than 1 per cent of output -- it exhibits volatile procyclical fluctuations, accounting for almost one-third of output variance. Procyclicality of inventories is somewhat smaller...
Persistent link: https://www.econbiz.de/10008539769
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Resurrecting the Role of Real Money Balance Effects
Dorich, José - Bank of Canada - 2009
inflation and output dynamics in the United States. In particular, I find that real money balance effects are quantitatively …
Persistent link: https://www.econbiz.de/10005042251
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Time-Varying Effects of Oil Supply Shocks on the U.S. Economy
Baumeister, Christiane; Peersman, Gert - Bank of Canada - 2012
they help explain the "Great Inflation" of the 1970s and early 1980s. …
Persistent link: https://www.econbiz.de/10009493659
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An Estimated Canadian DSGE Model with Nominal and Real Rigidities
Dib, Ali - Bank of Canada - 2001
This paper develops a dynamic, stochastic, general-equilibrium (DGSE) model for the Canadian economy and evaluates the real effects of monetary policy shocks. To generate high and persistent real effects, the model combines nominal frictions in the form of costly price adjustment with real...
Persistent link: https://www.econbiz.de/10005673281
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Nominal Rigidities and Monetary Policy in Canada Since 1981
Dib, Ali - Bank of Canada - 2002
Persistent link: https://www.econbiz.de/10005673300
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The Welfare Implications of Inflation versus Price-Level Targeting in a Two-Sector, Small Open Economy
Ortega, Eva; Rebei, Nooman - Bank of Canada - 2006
-traded-goods inflation, since prices are found to be more sticky in this production sector, but those gains come at the cost of substantially … estimated model for the Canadian economy, with a strict inflation-targeting rule where the central bank reacts to the next … period's expected deviation from the inflation target and does not target the output gap. …
Persistent link: https://www.econbiz.de/10005673357