Staff research, Publications
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Housing and Tax Policy
In this paper, we investigate the effects of housing-related tax policy measures on macroeconomic aggregates using a dynamic general-equilibrium model. -
Which Parametric Model for Conditional Skewness?
This paper addresses an existing gap in the developing literature on conditional skewness. We develop a simple procedure to evaluate parametric conditional skewness models. This procedure is based on regressing the realized skewness measures on model-implied conditional skewness values. -
The ‘Celtic Crisis’: Guarantees, Transparency and Systemic Liquidity Risk
Bank liability guarantee schemes have traditionally been viewed as costless measures to shore up investor confidence and prevent bank runs. However, as the experiences of some European countries, most notably Ireland, have demonstrated, the credibility and effectiveness of these guarantees are crucially intertwined with the sovereign’s funding risks. -
Endogenous Trade Participation with Incomplete Exchange Rate Pass-Through
This paper investigates the implications of endogenous trade participation for international business cycles, trade flow dynamics and exchange rate pass-through when price adjustments are staggered across firms. -
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August 30, 2013
Research Update - August 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. -
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August 29, 2013
Quarterly Financial Report - Second Quarter 2013
Quarterly Financial Report - Second Quarter 2013 - For the period ended 30 June 2013 -