Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.
1306
result(s)
National Saving–Investment Dynamics and International Capital Mobility
Staff Working Paper 2004-14
Florian Pelgrin,
Sebastian Schich
The authors analyze the dynamics of national saving–investment relationships to determine the degree of international capital mobility.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
International topics
JEL Code(s):
C,
C2,
C23,
F,
F3,
F31
Contraintes de liquidité et capital humain dans une petite économie ouverte
Staff Working Paper 2004-13
Florian Pelgrin
In an overlapping-generations model that represents a small open economy, where agents live two periods, liquidity constraints lead to low economic development when the only accumulable factor is human capital.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models
JEL Code(s):
I,
I2,
I20,
O,
O4,
O40
Durées d'utilisation des facteurs et fonction de production : une estimation par la méthode des moments généralisés en système
Staff Working Paper 2004-12
Eric Heyer,
Florian Pelgrin,
Arnaud Sylvain
Although a number of studies have demonstrated the importance of the degree of factor utilization in economic analysis, the impact of the durations of utilization in a production function remains largely unknown, particularly in terms of the duration of equipment utilization.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models
JEL Code(s):
C,
C3,
C33,
D,
D2,
D24,
J,
J2,
J23
Estimating New Keynesian Phillips Curves Using Exact Methods
Staff Working Paper 2004-11
Lynda Khalaf,
Maral Kichian
The authors use simple new finite-sample methods to test the empirical relevance of the New Keynesian Phillips curve (NKPC) equation.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Inflation and prices
JEL Code(s):
C,
C1,
C13,
C5,
C52,
E,
E3,
E31
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