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1323
result(s)
Ownership Concentration and Competition in Banking Markets
Staff Working Paper 2006-7
Alexandra Lai,
Raphael Solomon
Many countries prohibit large shareholdings in their domestic banks.The authors examine whether such a restriction restrains competition in a duopolistic loan market. Blockholders may influence managers' output decisions by choosing capital structure, as in Brander and Lewis (1986).
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions,
Financial services,
Financial system regulation and policies
JEL Code(s):
G,
G2,
G21,
G28,
G3,
G32,
L,
L1,
L10
Regime Shifts in the Indicator Properties of Narrow Money in Canada
Staff Working Paper 2006-6
Tracy Chan,
Ramdane Djoudad,
Jackson Loi
Financial innovations and the removal of the reserve requirements in the early 1990s have made the distinction between demand and notice deposits arbitrary.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Monetary aggregates
JEL Code(s):
E,
E4,
E40,
E42,
E5,
E50
Are Currency Crises Low-State Equilibria? An Empirical, Three-Interest-Rate Model
Staff Working Paper 2006-5
Christopher Cornell,
Raphael Solomon
Suppose that the dynamics of the macroeconomy were given by (partly) random fluctuations between two equilibria: "good" and "bad."
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Monetary policy and uncertainty
JEL Code(s):
C,
C6,
C62,
E,
E5,
E59,
F,
F4,
F41
Forecasting Canadian Time Series with the New Keynesian Model
Staff Working Paper 2006-4
Ali Dib,
Mohamed Gammoudi,
Kevin Moran
The authors document the out-of-sample forecasting accuracy of the New Keynesian model for Canada.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Econometric and statistical methods,
Economic models
JEL Code(s):
C,
C1,
C12,
E,
E3,
E32,
E37
Money and Credit Factors
Staff Working Paper 2006-3
Paul Gilbert,
Erik Meijer
The authors introduce new measures of important underlying macroeconomic phenomena that affect the financial side of the economy.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Credit and credit aggregates,
Econometric and statistical methods,
Monetary aggregates
JEL Code(s):
C,
C4,
C43,
C8,
C82,
E,
E5,
E51
Structural Change in Covariance and Exchange Rate Pass-Through: The Case of Canada
Staff Working Paper 2006-2
Lynda Khalaf,
Maral Kichian
The authors address empirically the implications of structural breaks in the variance-covariance matrix of inflation and import prices for changes in pass-through.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods
JEL Code(s):
C,
C5,
C52,
E,
E3,
E31,
F,
F3,
F31,
F4,
F40
The Institutional and Political Determinants of Fiscal Adjustment
Staff Working Paper 2006-1
Robert Lavigne
The author empirically assesses the effects of institutional and political factors on the need and willingness of governments to make large fiscal adjustments.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Development economics,
Econometric and statistical methods,
Fiscal policy,
International topics
JEL Code(s):
E,
E6,
E62,
O,
O1,
O17,
O19
An Evaluation of MLE in a Model of the Nonlinear Continuous-Time Short-Term Interest Rate
Staff Working Paper 2005-45
Ingrid Lo
The author compares the performance of three Gaussian approximation methods - by Nowman (1997), Shoji and Ozaki (1998), and Yu and Phillips (2001) - in estimating a model of the nonlinear continuous-time short-term interest rate.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Interest rates
JEL Code(s):
C,
C1,
E,
E4
Forecasting Core Inflation in Canada: Should We Forecast the Aggregate or the Components?
Staff Working Paper 2005-44
Frédérick Demers,
Annie De Champlain
The authors investigate the behaviour of core inflation in Canada to analyze three key issues: (i) homogeneity in the response of various price indexes to demand or real exchange rate shocks relative to the response of aggregate core inflation; (ii) whether using disaggregate data helps to improve the forecast of core inflation; and (iii) whether using monthly data helps to improve quarterly forecasts.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Inflation and prices
JEL Code(s):
C,
C5,
E,
E3,
E37