Posts

• Time-Varying Effects of Oil Supply Shocks on the U.S. Economy

  Staff Working Paper 2012-2 Christiane Baumeister, Gert Peersman

  We use vector autoregressions with drifting coefficients and stochastic volatility to investigate how the dynamic effects of oil supply shocks on the U.S. economy have changed over time. We find a substantial decline in the short-run price elasticity of oil demand since the mid-eighties.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, International topics JEL Code(s): E, E3, E31, E32, Q, Q4, Q43

• Real-Time Analysis of Oil Price Risks Using Forecast Scenarios

  Staff Working Paper 2012-1 Christiane Baumeister, Lutz Kilian

  Recently, there has been increased interest in real-time forecasts of the real price of crude oil. Standard oil price forecasts based on reduced-form regressions or based on oil futures prices do not allow consumers of forecasts to explore how much the forecast would change relative to the baseline forecast under alternative scenarios about future oil demand and oil supply conditions.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, International topics JEL Code(s): C, C5, C53, E, E3, E32, Q, Q4, Q43
• January 25, 2012

  The Changing Landscape of Securities Trading

  Financial System Review - December 2007 Éric Chouinard

  Content Type(s): Publications, Financial System Review articles
• January 25, 2012

  Reforming the Credit-Rating Process

  Financial System Review - December 2007 Mark Zelmer

  Content Type(s): Publications, Financial System Review articles
• January 25, 2012

  Management of Foreign Exchange Settlement Risk at Canadian Banks

  Financial System Review - December 2007 Neville Arjani

  Content Type(s): Publications, Financial System Review articles
• January 25, 2012

  The Provision of Central Bank Liquidity under Asymmetric Information

  Financial System Review - December 2007 James Chapman, Antoine Martin

  Content Type(s): Publications, Financial System Review articles
• January 25, 2012

  Collateral Portfolios and Adverse Dependence

  Financial System Review - December 2007 Alejandro García, Ramazan Gençay

  Content Type(s): Publications, Financial System Review articles
• January 25, 2012

  Housing Market Cycles and Duration Dependence in the United States and Canada

  Financial System Review - December 2007 Rose Cunningham, Ilan Kolet

  Content Type(s): Publications, Financial System Review articles
• January 25, 2012

  Bank of Canada Oversight Activities during 2006 under the Payment Clearing and Settlement Act

  Financial System Review - June 2007 Clyde Goodlet

  Content Type(s): Publications, Financial System Review articles
• January 24, 2012

  An Overview of Risk Management at Canadian Banks

  Financial System Review - June 2007 Meyer Aaron, Jim Armstrong, Mark Zelmer

  Content Type(s): Publications, Financial System Review articles