search frictions, firms price-to-market, with implications for the design of monetary policy. Country-specific shocks … generate deviations from the law of one price for traded goods which monetary policy acts to stabilize by influencing firm … markups. However, stabilizing law of one price deviations results in greater fluctuations in output. …

courte, ce qui est en accord avec la procédure de gestion des encaisses employée par la Banque du Canada. Toutefois, la … operations practiced by the Bank of Canada. However, the financial market reaction to changes in U.S. interest rates is more …

This article examines the long run relationship between economic growth and stock prices for Canada and the United … growth and stock prices share long run equilibrium relationship for both Canada and the U.S. The results from the VECM … indicate that for the U.S., causality runs from economic growth to stock prices but not vice versa. However for Canada, the …

market ratios (earning ratio, and price earning ratio) that predicted to influence stock price in several groups of …