Has Exchange Rate Pass-Through Really Declined in Canada?
Several empirical studies suggest that exchange rate pass-through has declined in recent years in industrialized countries.
Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.
Content older than 10 years is available on the Bank’s Open Access Repository.
1339
result(s)
Inflation and Relative Price Dispersion in Canada: An Empirical Assessment
Staff Working Paper 2005-28
André Binette,
Sylvain Martel
The authors investigate empirically the relationship between different aspects of inflation and relative price dispersion in Canada using a Markov regime-switching Phillips curve.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Inflation and prices
JEL Code(s):
C,
C3,
C32,
E,
E3,
E31
Inflation Dynamics and the New Keynesian Phillips Curve: An Identification-Robust Econometric Analysis
Staff Working Paper 2005-27
Jean-Marie Dufour,
Lynda Khalaf,
Maral Kichian
The authors use identification-robust methods to assess the empirical adequacy of a New Keynesian Phillips curve (NKPC) equation.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Econometric and statistical methods,
Inflation and prices
JEL Code(s):
C,
C1,
C13,
C5,
C52,
E,
E3,
E31
Uninsured Idiosyncratic Production Risk with Borrowing Constraints
Staff Working Paper 2005-26
Francisco Covas
The author analyzes a general-equilibrium model of a heterogeneous agents economy in which the agents are subject to borrowing constraints and uninsurable idiosyncratic production risk.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Economic models,
Financial institutions,
Financial markets
JEL Code(s):
E,
E2,
E22,
G,
G1,
G11,
M,
M1,
M13
The Impact of Unanticipated Defaults in Canada's Large Value Transfer System
Staff Working Paper 2005-25
Darcey McVanel
Canada's Large Value Transfer System (LVTS) is designed to meet international risk-proofing standards at a minimum cost to participants in terms of collateral requirements.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Financial institutions,
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E44,
E47,
G,
G2,
G21
A Search Model of Venture Capital, Entrepreneurship, and Unemployment
Staff Working Paper 2005-24
Robin Boadway,
Oana Secrieru,
Marianne Vigneault
The authors develop a search model of venture capital in which the number of successful matches of entrepreneurs and venture capitalists (VCs) at any moment in time is a function of the number of entrepreneurs searching for funds, the number of VCs searching for entrepreneurs, and the number of vacancies posted by each VC.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Financial markets,
Fiscal policy,
Labour markets
JEL Code(s):
D,
D8,
D82,
G,
G1,
G18,
G2,
G24,
H,
H2,
H21,
J,
J6,
J64
Pocket Banks and Out-of-Pocket Losses: Links between Corruption and Contagion
Staff Working Paper 2005-23
Raphael Solomon
The author describes a model with a corrupt banking system, in which bankers knowingly lend at market interest rates to back projects riskier than the market rate indicates.
Content Type(s):
Staff research,
Staff working papers
Research Topic(s):
Financial institutions,
Financial stability
JEL Code(s):
D,
D8,
D82,
G,
G1,
G19,
G2,
G21
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
Research 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
Research 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
Research Topic(s):
Economic models
JEL Code(s):
D,
D2,
D24,
E,
E2,
E23,
O,
O4,
O40