Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.
1323
result(s)
The Effects of the Exchange Rate on Investment: Evidence from Canadian Manufacturing Industries
Staff Working Paper 2005-22
Tarek Harchaoui,
Faouzi Tarkhani,
Terence Yuen
Using industry-level data for 22 Canadian manufacturing industries, the authors examine the relationship between exchange rates and investment during the period 1981–97.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Domestic demand and components,
Exchange rates
JEL Code(s):
D,
D2,
D24,
F,
F4
The Effectiveness of Official Foreign Exchange Intervention in a Small Open Economy: The Case of the Canadian Dollar
Staff Working Paper 2005-21
Rasmus Fatum,
Michael R. King
The Bank of Canada is one of very few central banks that has made records of the intraday timing of its intervention operations available to researchers.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Exchange rates,
Financial markets
JEL Code(s):
E,
E5,
E58,
F,
F3,
F31,
G,
G1,
G14,
G15
La fonction de production et les données canadiennes
Staff Working Paper 2005-20
Patrick Perrier
This study has two aspects. First, the author examines the theoretical properties of the constant elasticity of substitution (CES) production function and the implications of this formulation for the properties of a structural macroeconomic model.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models
JEL Code(s):
D,
D2,
D24,
E,
E2,
E23,
O,
O4,
O40
Bank Failures and Bank Fundamentals: A Comparative Analysis of Latin America and East Asia during the Nineties using Bank-Level Data
Staff Working Paper 2005-19
Marco Arena
The author develops the first comparative empirical study of bank failures during the nineties between East Asia and Latin America using bank-level data, in order to address the following two questions: (i) To what extent did individual bank conditions explain bank failures? (ii) Did mainly the weakest banks, in terms of their fundamentals, fail in the crisis countries?
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions
JEL Code(s):
G,
G2,
N,
N2
Lines of Credit and Consumption Smoothing: The Choice between Credit Cards and Home Equity Lines of Credit
Staff Working Paper 2005-18
Shubhasis Dey
The author models the choice between credit cards and home equity lines of credit (HELOCs) within a framework where consumers hold lines of credit as instruments of consumption smoothing across state and time.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Credit and credit aggregates
JEL Code(s):
D,
D1,
D8,
D81
Risk Perceptions and Attitudes
Staff Working Paper 2005-17
Miroslav Misina
Changes in risk perception have been used in various contexts to explain shorter-term developments in financial markets, as part of a mechanism that amplifies fluctuations in financial markets, as well as in accounts of "irrational exuberance."
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Financial markets
JEL Code(s):
D,
D8,
D81,
D84,
G,
G1,
G12
Endogenous Central Bank Credibility in a Small Forward-Looking Model of the U.S. Economy
Staff Working Paper 2005-16
René Lalonde
The linkages between inflation and the economy's cyclical position are thought to be strongly affected by the credibility of monetary authorities.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Inflation and prices,
Monetary policy transmission
JEL Code(s):
C,
C3,
C32,
E,
E5,
E52
Learning-by-Doing or Habit Formation?
Staff Working Paper 2005-15
Hafedh Bouakez,
Takashi Kano
In a recent paper, Chang, Gomes, and Schorfheide (2002) extend the standard real business cycle (RBC) model to allow for a learning-by-doing (LBD) mechanism whereby current labour supply affects future productivity.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Econometric and statistical methods,
Economic models,
Labour markets
JEL Code(s):
C,
C5,
C52,
E,
E3,
E32,
J,
J2,
J22
Labour Market Adjustments to Exchange Rate Fluctuations: Evidence from Canadian Manufacturing Industries
Staff Working Paper 2005-14
Danny Leung,
Terence Yuen
The authors provide some of the first empirical evidence on labour market adjustments to exchange rate movements in Canadian manufacturing industries.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Exchange rates,
Labour markets
JEL Code(s):
E,
E2,
E23,
F,
F4