Browse research

The empirical relationship between the average growth rate and the volatility of growth rates, both over time and across countries, has important policy implications, which depend critically on the sign of the relationship.

The authors characterize the equilibrium for a small economy in a dynamic Heckscher-Ohlin model with uncertainty.

The authors develop a projection model of the euro area and the United Kingdom. The model consists of two country blocks, endogenous to each other via the foreign demand channel.

The authors examine the characteristics of International Monetary Fund (IMF) lending from the 1960s to 2005.

The author explores a fundamental trade-off that occurs between settlement delay and intraday liquidity in the daily operation of large-value payment systems (LVPS), with specific application to Canada's Large Value Transfer System (LVTS).

Conventional wisdom holds that institutional changes and trade liberalization are two main sources of growth in per capita income around the world.

From 1870 to 2000, the workweek length of employed persons decreased by 41 per cent in industrialized countries.

The authors examine how the use of extreme value theory yields collateral requirements that are robust to extreme fluctuations in the market price of the asset used as collateral.

Changes in investors' risk appetite have been used to explain a variety of phenomena in asset markets.

Operational events in the Large Value Transfer System (LVTS) almost always result in a disturbance of the regular flow of payments.