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Empirical Modeling of Contagion : A Review of Methodologies
Dungey, Mardi - 2004
The existing literature suggests a number of alternative methods to test for the presence of contagion during financial market crises. This paper reviews those methods and shows how they are related in a unified framework. A number of extensions are also suggested that allow for multivariate...
Persistent link: https://www.econbiz.de/10014401432
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Foreign Borrowing and Export Promotion Policies
International Monetary Fund - 1989
This paper considers the problem of allocation of investment for a debtor country that faces a ceiling on the amount of foreign debt it can accumulate. It shows that it is optimal for the debtor country to create a more open economy by favoring investment in the export sector over investment in...
Persistent link: https://www.econbiz.de/10014396037
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The Impact of the Global Crisison Canada : What Do Macro-Financial Linkages Tell Us?
Duttagupta, Rupa - 2010
This paper builds a Bayesian VAR estimation model of growth for Canada, by focusing specifically on the role of … conditions explain one-third of the total variability in Canada''s real GDP growth, although changes in U.S. real GDP growth …''s impulse responses shows that U.S. real GDP growth and lending standards will increasingly bear on Canada''s growth, implying …
Persistent link: https://www.econbiz.de/10014402887
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Tax elasticity estimates for capital stocks in Canada
Wen, Jean-François; Yilmaz, Fatih - 2020
The paper provides estimates of the long-run, tax-adjusted, user cost elasticity of capital (UCE) in a small open economy, exploiting three sources of variation in Canadian tax policy: across provinces, industries, and years. Estimates of the UCE with Canadian data are less prone to the...
Persistent link: https://www.econbiz.de/10012251411
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Is the Quantity of Government Debt a Constraint for Monetary Policy?
Mitra, Srobona - 2007
-constrained interest rate rule and the threshold level of debt are jointly estimated for Canada during the first decade of its inflation …
Persistent link: https://www.econbiz.de/10014400348
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Nominal Exchange Rates and Nominal Interest Rate Differentials
Nadal-De Simone, Francisco - 1999
This paper reexamines some unsettled theoretical and empirical issues regarding the relationship between nominal exchange rates and interest rate differentials and provides a model for the behavior of exchange rates in the long run, where interest rates are determined in the bond market. The...
Persistent link: https://www.econbiz.de/10014400414
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Inflation Targeting Under Asymmetric Preferences
Ruge-Murcia, Francisco Javier - 2001
''s preference parameters for Canada, Sweden, and the United Kingdom are statistically different from the one implied by the commonly …
Persistent link: https://www.econbiz.de/10014400680
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Macroeconomic Uncertainty, Precautionary Savings and the Current Account
Ostry, Jonathan David - 1992
The relationship between current account developments and changes in the macroeconomic environment remains a key issue in open economy macroeconomics. This paper extends the standard intertemporal optimizing model of the current account to incorporate the effects of macroeconomic uncertainty on...
Persistent link: https://www.econbiz.de/10014396005
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Endogeneity in Structural Unemployment Equations : The Case of Canada
International Monetary Fund - 1993
This paper examines the endogeneity of several structural variables which enter unemployment rate equations—the generosity of unemployment benefits, nonwage labor costs, the relative minimum wage, and the degree of unionization. It finds evidence of reverse causality for these structural...
Persistent link: https://www.econbiz.de/10014396024
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"Leaning against the wind" and the timing of monetary policy
Agur, Itai; Demertzis, Maria - 2013
Persistent link: https://www.econbiz.de/10009747249