Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.
1302
result(s)
Public Venture Capital and Entrepreneurship
Staff Working Paper 2004-10
Oana Secrieru,
Marianne Vigneault
Entrepreneurship is a key factor in promoting growth in output and employment. Consequently, to encourage new start-ups, most governments in developed countries have public venture capital programs.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial markets,
Fiscal policy,
Labour markets
JEL Code(s):
D,
D2,
G,
G2,
G24,
G28,
J,
J2,
J24,
M,
M1,
M13
Estimating Policy-Neutral Interest Rates for Canada Using a Dynamic Stochastic General-Equilibrium Framework
Staff Working Paper 2004-9
Jean-Paul Lam,
Greg Tkacz
In an era when the primary policy instrument is the level of the short-term interest rate, a comparison of that rate with some equilibrium rate can be a useful guide for policy and a convenient method to measure the stance of monetary policy.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Interest rates
JEL Code(s):
C,
C3,
C32,
E,
E3,
E37
The Economic Theory of Retail Pricing: A Survey
Staff Working Paper 2004-8
Oana Secrieru
The types of contracts that arise in a typical vertical manufacturer–retailer relationship are more sophisticated than usually assumed in standard macroeconomic models.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Market structure and pricing
JEL Code(s):
D,
D4,
D40,
L,
L2,
L22,
L4,
L42
The Demand for Money in a Stochastic Environment
Staff Working Paper 2004-7
Joseph Atta-Mensah
The author re-examines the demand-for-money theory in an intertemporal optimization model. The demand for real money balances is derived to be a function of real income and the rates of return of all financial assets traded in the economy.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Monetary aggregates
JEL Code(s):
E,
E4,
E41,
E5,
E50,
G,
G1,
G11
Bank Capital, Agency Costs, and Monetary Policy
Staff Working Paper 2004-6
Césaire Meh,
Kevin Moran
Evidence suggests that banks, like firms, face financial frictions when raising funds.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Financial institutions,
Monetary policy transmission
JEL Code(s):
E,
E4,
E44,
E5,
E52,
G,
G2,
G21
Structural Change and Forecasting Long-Run Energy Prices
Staff Working Paper 2004-5
Jean-Thomas Bernard,
Lynda Khalaf,
Maral Kichian
The authors test the statistical significance of Pindyck's (1999) suggested class of econometric equations that model the behaviour of long-run real energy prices.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods
JEL Code(s):
C,
C2,
C22,
C5,
C52,
C53,
Q,
Q4,
Q40
A Structural Small Open-Economy Model for Canada
Staff Working Paper 2004-4
Stephen Murchison,
Andrew Rennison,
Zhenhua Zhu
The authors develop a small open-economy dynamic stochastic general-equilibrium (DSGE) model in an attempt to understand the dynamic relationships in Canadian macroeconomic data.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Economic models,
Inflation and prices
JEL Code(s):
E,
E2,
E3,
E5,
E52
Modélisation « PAC » du secteur extérieur de l'économie américaine
Staff Working Paper 2004-3
Marc-André Gosselin,
René Lalonde
In this paper, the authors use polynomial adjustment cost (PAC) models to analyze and forecast the main components of the U.S. trade sector.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Domestic demand and components,
Econometric and statistical methods,
International topics
JEL Code(s):
C,
C3,
C32,
E,
E3,
E37,
F,
F4,
F47
Exact Tests of Equal Forecast Accuracy with an Application to the Term Structure of Interest Rates
Staff Working Paper 2004-2
Richard Luger
The author proposes a class of exact tests of the null hypothesis of exchangeable forecast errors and, hence, of the hypothesis of no difference in the unconditional accuracy of two competing forecasts.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods
JEL Code(s):
C,
C1,
C12,
C2,
C22,
C5,
C52,
C53