C22 - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models

• Canadian City Housing Prices and Urban Market Segmentation

  Staff Working Paper 2006-49 Jason Allen, Robert Amano, David Byrne, Allan Gregory

  The authors provide a detailed empirical analysis of Canadian city housing prices. They examine the long-run relationship between city house prices in Canada from 1981 to 2005 as well as idiosyncratic relations between city prices and city-specific variables.

  Content Type(s): Staff research, Staff working papers Topic(s): Regional economic developments JEL Code(s): C, C2, C22, C3, C32, R, R2

• Using Monthly Indicators to Predict Quarterly GDP

  Staff Working Paper 2006-26 Yi Zheng, James Rossiter

  The authors build a model for predicting current-quarter real gross domestic product (GDP) growth using anywhere from zero to three months of indicators from that quarter.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Economic models JEL Code(s): C, C2, C22, C5, C53

• The Federal Reserve's Dual Mandate: A Time-Varying Monetary Policy Priority Index for the United States

  Staff Working Paper 2006-11 René Lalonde, Nicolas Parent

  In the United States, the Federal Reserve has a dual mandate of promoting stable inflation and maximum employment. Since the Fed directly controls only one instrument - the federal funds rate - the authors argue that the Fed's priorities continuously alternate between inflation and economic activity.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Monetary policy framework, Monetary policy implementation JEL Code(s): C, C2, C22, C5, C52, E, E5, E52