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2360
result(s)
The Sensitivity of Producer Prices to Exchange Rates: Insights from Micro Data
Staff Working Paper 2012-20
Shutao Cao,
Wei Dong,
Ben Tomlin
This paper studies the sensitivity of Canadian producer prices to the Canada-U.S. exchange rate. Using a unique product-level price data set, we estimate and analyze the impact of movements in the exchange rate on both domestic and export producer prices.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Exchange rates,
Inflation and prices,
Market structure and pricing
JEL Code(s):
E,
E3,
E30,
F,
F3,
F31,
F4,
F41,
L,
L1,
L11
International Business Cycles and Financial Frictions
Staff Working Paper 2012-19
Wen Yao
This paper builds a two-country DSGE model to study the quantitative impact of financial frictions on business cycle co-movements when investors have foreign asset exposure. The investor in each country holds capital in both countries and faces a leverage constraint on her debt.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
International financial markets,
International topics
JEL Code(s):
E,
E3,
E30,
F,
F4,
F42,
F44
Consumer Bankruptcy and Information
Staff Working Paper 2012-18
Jason Allen,
H. Evren Damar,
David Martinez-Miera
We analyze the relationship between the intensity of banks’ use of soft-information and household bankruptcy patterns. Using a unique data set on the universe of Canadian household bankruptcies, we document that bankruptcy rates are higher in markets where the collection of soft, or qualitative locally gathered information, is the weakest.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions,
Financial services
JEL Code(s):
D,
D4,
G,
G2
On the Existence and Fragility of Repo Markets
Staff Working Paper 2012-17
Hajime Tomura
This paper presents a model of an over-the-counter bond market in which bond dealers and cash investors arrange repurchase agreements (repos) endogenously.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial markets,
Financial stability,
Payment clearing and settlement systems
JEL Code(s):
G,
G2,
G24
Commodities and Monetary Policy: Implications for Inflation and Price Level Targeting
Staff Working Paper 2012-16
Donald Coletti,
René Lalonde,
Paul Masson,
Dirk Muir,
Stephen Snudden
We examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy rules to minimize both inflation variability and business cycle fluctuations in Canada for shocks that have important consequences for global commodity prices.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Inflation and prices,
International topics,
Monetary policy framework
JEL Code(s):
E,
E1,
E17,
E3,
E31,
E37,
E5,
E52,
F,
F4,
F41,
Q,
Q4,
Q43
The U.S.-Dollar Supranational Zero-Coupon Curve
Staff Discussion Paper 2012-5
Francisco Rivadeneyra
The author describes the construction of the U.S.-dollar-denominated zero-coupon curve for the supranational asset class from 1995 to 2010. He uses yield data from a crosssection of bonds issued by AAA-rated supranational entities to fit the Svensson (1995) term-structure model.
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Asset pricing,
Financial markets
JEL Code(s):
G,
G1,
G12,
G15