E - Macroeconomics and Monetary Economics

• The Transmission of World Shocks to Emerging-Market Countries: An Empirical Analysis

  Staff Working Paper 2004-44 Brigitte Desroches

  The first step in designing effective policies to stabilize an economy is to understand business cycles. No country is isolated from the world economy and external shocks are becoming increasingly important.

  Content Type(s): Staff research, Staff working papers Topic(s): Exchange rate regimes, International topics, Monetary policy transmission JEL Code(s): E, E3, E30, E32, E6, E61, F, F0, F02

• Real Return Bonds, Inflation Expectations, and the Break-Even Inflation Rate

  Staff Working Paper 2004-43 Ian Christensen, Christopher Reid, Frédéric Dion

  According to the Fisher hypothesis, the gap between Canadian nominal and Real Return Bond yields (or break-even inflation rate) should be a good measure of inflation expectations.

  Content Type(s): Staff research, Staff working papers Topic(s): Inflation and prices, Interest rates, Market structure and pricing JEL Code(s): E, E3, E31, E4, E43

• Characterization of the Dynamic Effects of Fiscal Shocks in a Small Open Economy

  Staff Working Paper 2004-41 Nooman Rebei

  The author studies the macroeconomic consequences of discretionary changes in the fiscal policy instruments for Canada.

  Content Type(s): Staff research, Staff working papers Topic(s): Economic models, Exchange rates, Fiscal policy JEL Code(s): E, E3, E32, E6, E62