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Canada's pioneering experience with a flexible exchange rate in the 1950s : (hard) lessons learned for monetary policy in a small open economy
Bordo, Michael D. (contributor); Dib, Ali (contributor);  … - 2007
This paper revisits Canada's pioneering experience with floating exchange rate over the period 19501962. It examines whether the floating rate was the best option for Canada in the 1950s by developing and estimating a New Keynesian small open economy model of the Canadian economy. The model is...
Persistent link: https://www.econbiz.de/10003560550
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Countercyclical bank capital requirement and optimized monetary policy rules
De Resende, Carlos; Dib, Ali; Lalonde, René; … - 2013
explore the macroeconomic implications of various types of countercyclical bank capital regulations. Results suggest that … shocks. Moreover, the bank capital regulatory policy and monetary policy interact, and this interaction is contingent on the …. Compared to bank capital regulatory policy, monetary policy is able to stabilize the economy more efficiently after real shocks …
Persistent link: https://www.econbiz.de/10009726269