Staff research

• Asset Stocks and the Use of Monetary and Fiscal Policies to Reduce Inflation

  Technical Report No. 35 Paul Masson

  This paper analyzes the dynamic behaviour of a country's economy under different policy regimes, by examining the cyclical effects that occur when certain intermediate macroeconomic targets are adopted. To highlight the differences in the adjustment paths that result, the study deliberately limits policy choice: either money supply or nominal income as targets, and either real […]

  Content Type(s): Staff research, Technical reports Topic(s): Fiscal policy, Inflation and prices, Monetary policy and uncertainty JEL Code(s): E, E3, E31, E6, E63

• Modelling Government Fiscal Behaviour in Canada

  Technical Report No. 34 Jack Selody, Kevin Lynch

  There are many models of fiscal policy in the economic literature and each has been based on a particular set of assumptions concerning the interaction of policy variables. However, even though these assumptions are critical to the behaviour of the models, there has as yet been no systematic attempt to test their validity or relative […]

  Content Type(s): Staff research, Technical reports Topic(s): Fiscal policy JEL Code(s): C, C5, C50, H, H3, H30, H6, H60

• An Econometric Model of the Steel Trade

  Technical Report No. 33 Richard Dion

  In this report, the author uses steel as a case study for an analysis at the industrial level of forces at work in the international economy that have had an important impact on recent Canadian economic performance. Prominent among those forces are cost competitiveness and aggregate demand in Canada and abroad.

  Content Type(s): Staff research, Technical reports Topic(s): Balance of payments and components, Economic models JEL Code(s): C, C5, C51, F, F1, F14