This report provides a detailed technical description of an updated version of the Terms-of-Trade Economic Model (ToTEM II), which replaced ToTEM (Murchison and Rennison 2006) in June 2011 as the Bank of Canada’s quarterly projection model for Canada. ToTEM has been improved along a number of...

Through the implementation of an experimental design, this study examines the effect of buyer demand specification and search patience on the home buying process. We find that there are no significant effects of demand specification on the behavior of brokers and the search results. When the...

This study examines the impact of an abrupt catastrophic natural disaster on residential property vacancy and abandonment. Using the discrete-time hazard model with parcel-level land-use data in Miami-Dade County, Florida, from two years prior to and eight years after Hurricane Andrew...

We have investigated hydraulic lift by winter wheat in response to four fertilizer treatments--nitrogen (N), phosphorus (P), nitrogen and phosphorus (NP) and control (CK, no fertilizer)--in a greenhouse experiment, in which root systems of wheat plants were split between a drier, upper layer and...

This article describes changes to the structure of ToTEM—the Bank of Canada’s main model for projection and policy analysis—that allow an independent role for long-term interest rates, as well as for the risk spreads that lead to differences in the interest rates faced by households, firms...

In this article, decane, methyl benzene, pyridine and acetic acid were selected as different polarity components in crude oil, and their adsorption behavior on water-wet silica surface was investigated by molecular dynamics simulation. Simulation results indicated that polar components could...

This paper discusses lanthanide doped luminescent materials which can modify the solar spectrum to reduce the spectral losses encountered by PV (photovoltaic) devices and enhance the conversion efficiency. High cost owing to low conversion efficiency is a limiting factor for contribution of PV...

Sousa (2010a) shows that the residuals from the common trend among consumption, financial wealth, housing wealth and human capital, cday, can predict quarterly stock market returns better than cay from Lettau and Ludvigson (2001), which considers aggregate wealth instead. In this paper, we use a...

This paper analyzes how the Chinese government adjusts electricity prices for both industrial and residential users in response to changes in coal prices using an asymmetric error correction model. Our results show that there is a long-term relation between the coal price and electricity prices...