Staff research, Publications
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May 30, 2013
Quarterly Financial Report - First Quarter 2013
Quaterly Financial Report - First Quarter 2013 - For the period ended 31 May 2013 -
May 30, 2013
Research Update - May 2013
This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. -
Multivariate Tests of Mean-Variance Efficiency and Spanning with a Large Number of Assets and Time-Varying Covariances
We develop a finite-sample procedure to test for mean-variance efficiency and spanning without imposing any parametric assumptions on the distribution of model disturbances. -
What Central Bankers Need to Know about Forecasting Oil Prices
Forecasts of the quarterly real price of oil are routinely used by international organizations and central banks worldwide in assessing the global and domestic economic outlook, yet little is known about how best to generate such forecasts. Our analysis breaks new ground in several dimensions. -
Are Sunspots Learnable? An Experimental Investigation in a Simple General-Equilibrium Model
We conduct experiments with human subjects in a model with a positive production externality in which productivity is a non-decreasing function of the average level of employment of other firms. -
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May 16, 2013
Bank of Canada Review - Spring 2013
This issue includes analysis of the unconventional monetary policies recently implemented by central banks, and also presents Bank research in two areas - the migration of labour between economic regions in Canada, and the asset-allocation and funding decisions for Canada’s foreign exchange reserves.