Staff discussion papers are completed staff research studies on a wide variety of subjects relevant to central bank policy.
283
result(s)
Implications of New Accounting Standards for the Bank of Canada's Balance Sheet
Staff Discussion Paper 2007-2
Mark Zelmer,
Grahame Johnson
The Canadian Institute of Chartered Accountants (CICA) has implemented new accounting standards for the valuation and reporting of financial instruments. They are effective for the Bank of Canada in 2007. As a result of these changes, the Bank has begun valuing its holdings of Government of Canada treasury bills on a fair value basis and […]
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Financial institutions,
Monetary policy framework
JEL Code(s):
E,
E5,
E58,
M,
M4
The Zero Bound on Nominal Interest Rates: Implications for the Optimal Monetary Policy in Canada
Staff Discussion Paper 2007-1
Claude Lavoie,
Hope Pioro
The authors assess the performance of the Canadian economy under a variety of interest rate rules when the zero bound on nominal interest rates can bind. Their assessment is based on numerical simulations of a dynamic stochastic general-equilibrium model in a stochastic environment. Consistent with the literature, the authors find that the probability and consequences […]
Content Type(s):
Staff research,
Staff discussion papers
Topic(s):
Inflation: costs and benefits,
Interest rates,
Monetary policy framework
JEL Code(s):
E,
E4,
E43,
E47,
E5,
E52