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-time inflation forecasts of the Bank of Canada with the aim of identifying potential areas for improvement. Not surprisingly, the …Against the backdrop of an ongoing review of the inflation-targeting framework, this paper examines the real … results show that errors in forecasting non-core inflation (commodity prices et cetera) are found to be the largest …
Persistent link: https://www.econbiz.de/10012103690
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
Persistent link: https://www.econbiz.de/10010388738
The paper finds that, given New Zealand’s conservative approach in implementing the Basel II framework, New Zealand banks’ headline capital ratios underestimate their capital strength. A comparison with Canadian, UK and Australian banks highlights the impact of New Zealand’s more...
Persistent link: https://www.econbiz.de/10012671009
This paper compiles the Intertemporal Public Sector Balance Sheets for all G7 countries and examines their relationship with government borrowing costs. In 2018, all G7 countries have negative Intertemporal Net Financial Worth (INFW), falling short of their intertemporal budget constraint. A...
Persistent link: https://www.econbiz.de/10012613501
impact on the economy—given better anchored inflation expectations and inflation being less responsive to variation in … effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and … Germany to confirm a weakening of monetary policy effectiveness over time with regards to unemployment and inflation. After …
Persistent link: https://www.econbiz.de/10012667511
, particularly when there is a risk of low inflation, and the policy rate is constrained by the effective lower bound. Model … equilibrium real interest rate, this strategy is preferable to raising the inflation target …
Persistent link: https://www.econbiz.de/10011715420
The waning of the commodity boom places renewed emphasis on manufacturing as an engine for Canadian growth. However, Canadian manufacturing exports have been relatively stagnant since 2000. While the exchange rate depreciation over the past two years has energized export growth, the response has...
Persistent link: https://www.econbiz.de/10011715425
Persistent link: https://www.econbiz.de/10009423208
37 cities across the United States and Canada using quarterly data from 1983 to 2018. This paper finds that downside … risks to housing markets in the United States have seemingly fallen over the past decade, while having increased in Canada …
Persistent link: https://www.econbiz.de/10012251283