This paper develops an open-economy Bayesian structural VAR model for Canada in order to estimate the effects of …

To investigate the extent to which the transparency of the Bank of Canada’s monetary policy has improved, the authors … Bank communications, and in particular their reaction to the recent inclusion of forwardlooking policy-rate guidance in …, speeches by Governing Council members, significantly affect near-term interest rate expectations, indicating that central bank …

for the U.S. This paper applies Kryvtsov and Midrigan's model to the case of Canada. The model predicts that if costs of …