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2360
result(s)
December 9, 2010
Central Counterparties and Systemic Risk
Content Type(s):
Publications,
Financial System Review articles
Text Mining and the Information Content of Bank of Canada Communications
Staff Working Paper 2010-31
Scott Hendry,
Alison Madeley
This paper uses Latent Semantic Analysis to extract information from Bank of Canada communication statements and investigates what type of information affects returns and volatility in short-term as well as long-term interest rate markets over the 2002-2008 period.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial markets,
Monetary policy implementation
JEL Code(s):
E,
E5,
E58,
G,
G1,
G14
On Fiscal Multipliers: Estimates from a Medium Scale DSGE Model
Staff Working Paper 2010-30
Sarah Zubairy
This paper contributes to the debate on fiscal multipliers, in the context of a structural model. I estimate a micro-founded dynamic stochastic general equilibrium model, that features a rich fiscal policy block and a transmission mechanism for government spending shocks, using Bayesian techniques for US data.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Fiscal policy
JEL Code(s):
C,
C1,
C11,
E,
E3,
E32,
E6,
E62,
H,
H3,
H30
November 19, 2010
Has Exchange Rate Pass-Through Really Declined? Some Recent Insights from the Literature
Building on an earlier Review article, the authors critically reassess the premise that exchange rate pass-through (ERPT) has declined in light of recent studies of the issue in the context of a dynamic stochastic general-equilibrium framework.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Economic models,
Exchange rates,
Inflation and prices,
Monetary policy framework
November 18, 2010
Financial Stress, Monetary Policy, and Economic Activity
The recent global crisis was characterized by a remarkable intensity in the negative feedback process between financial sector developments and the real economy.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Business fluctuations and cycles,
Economic models,
Monetary policy transmission
November 18, 2010
Trends in Issuance: Underlying Factors and Implications
Trends in debt issuance have changed significantly over the past decade, both prior to the financial crisis and subsequently.
Content Type(s):
Publications,
Bank of Canada Review articles
Topic(s):
Financial markets,
Financial system regulation and policies
Understanding Systemic Risk: The Trade-Offs between Capital, Short-Term Funding and Liquid Asset Holdings
Staff Working Paper 2010-29
Céline Gauthier,
Zhongfang He,
Moez Souissi
We offer a multi-period systemic risk assessment framework with which to assess recent liquidity and capital regulatory requirement proposals in a holistic way.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial stability,
Financial system regulation and policies
JEL Code(s):
C,
C1,
C15,
C8,
C81,
E,
E4,
E44,
G,
G0,
G01,
G2,
G21
Trends in U.S. Hours and the Labor Wedge
Staff Working Paper 2010-28
Simona Cociuba,
Alexander Ueberfeldt
From 1980 until 2007, U.S. average hours worked increased by thirteen percent, due to a large increase in female hours. At the same time, the U.S. labor wedge, measured as the discrepancy between a representative household's marginal rate of substitution between consumption and leisure and the marginal product of labor, declined substantially.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Labour markets,
Potential output
JEL Code(s):
E,
E2,
E24,
H,
H2,
H20,
H3,
H31,
J,
J2,
J22