Posts

• January 20, 1999

  Bank of Canada Governor Addresses Canadian Club of Ottawa

  Media Relations Ottawa, Ontario

  Bank of Canada Governor Gordon Thiessen today reviewed the economic implications of the European currency union and its lessons for Canada.

  Content Type(s): Press, Press releases
• January 15, 1999

  Bank of Canada Review - Winter 1998-1999

  

  Cover page

  1858 Canadian pattern cent

  The 1858 pattern cent is approximately the size of a twenty-five cent piece.

  Photography by James Zagon.

  Content Type(s): Publications, Bank of Canada Review

• Capital Gains and Inflation Taxes in a Life-cycle Model

  Staff Working Paper 1999-2 Charles Leung, Guang-Jia Zhang

  Inflation distorts an economy through many channels. This paper highlights the interaction between inflation and capital gains tax and how they distort an economy through the financial market. Several observations motivate this research. First, capital formation or investment is an important channel for economic agents to smooth their consumption over their life cycles. Second, capital […]

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation: costs and benefits JEL Code(s): E, E5, E6

• Dynamic Employment and Hours Effects of Government Spending Shocks

  Staff Working Paper 1999-1 Mingwei Yuan, Wenli Li

  In this paper, we analyze the dynamic behaviour of employment and hours worked per worker in a stochastic general equilibrium model with a matching mechanism between vacancies and unemployed workers. The model is estimated for the United States using the Generalized Methods of Moments (GMM) estimation technique. An increase in government spending raises hours worked […]

  Content Type(s): Staff research, Staff working papers Topic(s): Fiscal policy, Labour markets JEL Code(s): E, E2, E24, E3, E32, E6, E62, J, J6, J64