Posts

• July 10, 2003

  Dynamic Models Useful for Policy

  2003 Conference held on 10 and 11 July 2003 (papers in unedited, electronic format only)

  Content Type(s): Conferences and workshops

• Dynamic Factor Analysis for Measuring Money

  Staff Working Paper 2003-21 Paul Gilbert, Lise Pichette

  Technological innovations in the financial industry pose major problems for the measurement of monetary aggregates. The authors describe work on a new measure of money that has a more satisfactory means of identifying and removing the effects of financial innovations.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Monetary aggregates, Monetary and financial indicators JEL Code(s): C, C4, C43, C8, C82, E, E5, E51

• The U.S. Stock Market and Fundamentals: A Historical Decomposition

  Staff Working Paper 2003-20 David Dupuis, David Tessier

  The authors identify the fundamentals behind the dynamics of the U.S. stock market over the past 30 years. They specify a structural vector-error-correction model following the methodology of King, Plosser, Stock, and Watson (1991).

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets JEL Code(s): G, G1

• A Small Dynamic Hybrid Model for the Euro Area

  Staff Working Paper 2003-19 Ramdane Djoudad, Céline Gauthier

  The authors estimate and solve a small structural model for the euro area over the 1983–2000 period. Given the assumption of rational expectations, the model implies a set of orthogonality conditions that provide the basis for estimating the model's parameter by generalized method of moments.

  Content Type(s): Staff research, Staff working papers Topic(s): Monetary policy transmission JEL Code(s): E, E3, E31

• Technological Change and the Education Premium in Canada: Sectoral Evidence

  Staff Working Paper 2003-18 Jean Farès, Terence Yuen

  It has been well documented that the education premium measured by the wage difference between university and high school graduates has remained constant over the past two decades in Canada. Despite this stable pattern at the aggregate level, skill-biased technology could have important implications for the inter-industry wage structure.

  Content Type(s): Staff research, Staff working papers Topic(s): Labour markets JEL Code(s): J, J3, J31, O, O3, O30
• June 23, 2003

  Financial System Review - June 2003

  

  This section of the Financial System Review examines the recent performance of the Canadian financial system and the factors, both domestic and international, that are influencing it.

  Content Type(s): Publications, Financial Stability Report
• June 23, 2003

  Business-Continuity Planning in Clearing and Settlement Systems: A Systemwide Approach

  Financial System Review - June 2003 Ron Allenby

  Content Type(s): Publications, Financial System Review articles
• June 23, 2003

  CDSX: Canada’s New Clearing and Settlement System for Securities

  Financial System Review - June 2003 Darcey McVanel

  Content Type(s): Publications, Financial System Review articles
• June 20, 2003

  Bank of Canada Announces Appointment of Special Adviser

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced the appointment of Professor John Helliwell to the visiting-economist position of Special Adviser during 2003 and 2004.

  Content Type(s): Press, Press releases
• June 18, 2003

  Governor Reviews Recent Economic Developments

  Media Relations Halifax, Nova Scotia

  Bank of Canada Governor David Dodge reviewed some of the developments that are influencing the Canadian economy in a speech today to the Metropolitan Halifax Chamber of Commerce.

  Content Type(s): Press, Press releases