Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.
1302
result(s)
An Analysis of Closure Policy under Alternative Regulatory Structures
Staff Working Paper 2005-11
Greg Caldwell
The author develops a theoretical model of bank closure. The regulatory decision about bank failure consists of two parts: whether to close and how to close.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions
JEL Code(s):
G,
G2,
G21,
G28
Educational Spillovers: Does One Size Fit All?
Staff Working Paper 2005-10
Robert Baumann,
Raphael Solomon
In a search model of production, where agents accumulate heterogeneous amounts of human capital, an individual worker's wage depends on average human capital in the searching population.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Labour markets
JEL Code(s):
I,
I2,
I29,
J,
J2,
J24,
J3,
J31
State Dependence in Fundamentals and Preferences Explains Risk-Aversion Puzzle
Staff Working Paper 2005-9
Fousseni Chabi-Yo,
René Garcia,
Eric Renault
The authors examine the ability of economic models with regime shifts to rationalize and explain the risk-aversion and pricing-kernel puzzles put forward in Jackwerth (2000).
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial markets,
Market structure and pricing
JEL Code(s):
G,
G1,
G12,
G13
Recent Developments in Self-Employment in Canada
Staff Working Paper 2005-8
Nadja Kamhi,
Danny Leung
The authors document the recent evolution of the self-employment rate in Canada. Between 1987 and 1998, the self-employment rate rose 3.5 percentage points from 13.8 per cent to 17.3 per cent.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Labour markets
JEL Code(s):
J,
J2,
J23,
J24
Determinants of Borrowing Limits on Credit Cards
Staff Working Paper 2005-7
Shubhasis Dey,
Gene Mumy
The difference between actual borrowings and borrowing limits alone generates information asymmetry in the credit card market.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Market structure and pricing
JEL Code(s):
C,
C3,
D,
D4,
D8,
D82
Monetary Policy under Model and Data-Parameter Uncertainty
Staff Working Paper 2005-6
Gino Cateau
Policy-makers in the United States over the past 15 to 20 years seem to have been cautious in setting policy: empirical estimates of monetary policy rules such as Taylor's (1993) rule are much less aggressive than those derived from optimizing models.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Monetary policy and uncertainty
JEL Code(s):
D,
D8,
D81,
E,
E5,
E58
Y a-t-il eu surinvestissement au Canada durant la seconde moitié des années 1990?
Staff Working Paper 2005-5
Sylvain Martel
This study on overinvestment differs from the existing literature in that investment in machinery and equipment is modelled as a structural vector autoregression with identification achieved by imposing long-run restrictions, as in Blanchard and Quah (1989).
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Domestic demand and components
JEL Code(s):
C,
C3,
C32,
E,
E3,
E37,
F,
F4,
F47
State-Dependent or Time-Dependent Pricing: Does It Matter for Recent U.S. Inflation?
Staff Working Paper 2005-4
Peter J. Klenow,
Oleksiy Kryvtsov
Inflation equals the product of two terms: an extensive margin (the fraction of items with price changes) and an intensive margin (the average size of those changes).
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Inflation and prices
JEL Code(s):
E,
E3,
E31,
E32
Pre-Bid Run-Ups Ahead of Canadian Takeovers: How Big Is the Problem?
Staff Working Paper 2005-3
Michael R. King,
Maksym Padalko
The authors study the price - volume dynamics ahead of the first public announcement of a takeover for 420 Canadian firms from 1985 to 2002.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial markets
JEL Code(s):
G,
G1,
G14,
G18,
G3,
G34