Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.
1306
result(s)
Inflation Changes, Yield Spreads, and Threshold Effects
Staff Working Paper 2002-40
Greg Tkacz
Using interest rate yield spreads to explain changes in inflation, we investigate whether such relationships can be modelled using two-regime threshold models.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Inflation and prices,
Interest rates
JEL Code(s):
C,
C5,
C51,
E,
E3,
E31
An Empirical Analysis of Dynamic Interrelationships Among Inflation, Inflation Uncertainty, Relative Price Dispersion, and Output Growth
Staff Working Paper 2002-39
Francis Vitek
Within a unified framework, the author conducts an empirical investigation of dynamic interrelationships among inflation, inflation uncertainty, relative price dispersion, and output growth.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Inflation and prices
JEL Code(s):
E,
E3,
E31
Oil-Price Shocks and Retail Energy Prices in Canada
Staff Working Paper 2002-38
Marwan Chacra
The effects of global energy-price shocks on retail energy prices in Canada are examined. More specifically, the author looks at the response of the consumer price indexes for gasoline, heating oil, natural gas, and electricity in Canada to movements in world crude oil prices.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Inflation and prices,
Market structure and pricing
JEL Code(s):
C,
C2,
C22,
C5,
C51,
C53,
Q,
Q4,
Q40
Alternative Public Spending Rules and Output Volatility
Staff Working Paper 2002-37
Jean-Paul Lam,
William Scarth
One of the central lessons learned from the Great Depression was that adjusting government spending each year to balance the budget increases the volatility of output.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Fiscal policy,
Monetary policy transmission
JEL Code(s):
E,
E5,
E52,
E58,
E6,
E62
An Eclectic Approach to Estimating U.S. Potential GDP
Staff Working Paper 2002-36
Marc-André Gosselin,
René Lalonde
The authors describe the principal results obtained from a new method applied to the estimation of potential U.S. GDP.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Econometric and statistical methods,
Potential output
JEL Code(s):
C,
C3,
C32,
E,
E2,
E23,
E3,
E32
The Impact of Common Currencies on Financial Markets: A Literature Review and Evidence from the Euro Area
Staff Working Paper 2002-35
Liliane Karlinger
This paper reviews both the theoretical and empirical literature on the impact of common currencies on financial markets and evaluates the first three years of experience with Economic and Monetary Union (EMU).
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Exchange rate regimes,
Financial markets
JEL Code(s):
E,
E4,
E44,
F,
F2,
F21,
F3,
F36,
G,
G1,
G15
How Do Canadian Banks That Deal in Foreign Exchange Hedge Their Exposure to Risk?
Staff Working Paper 2002-34
Chris D'Souza
This paper examines the daily hedging and risk-management practices of financial intermediaries in the Canadian foreign exchange (FX) market.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions,
Financial markets,
Market structure and pricing
JEL Code(s):
F,
F3,
F31,
G,
G1,
G14,
G2,
G21
Alternative Trading Systems: Does One Shoe Fit All?
Staff Working Paper 2002-33
Nicolas Audet,
Toni Gravelle,
Jing Yang
This paper examines the factors that lead liquidity-motivated investors to choose the type of market structure they prefer.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial markets
JEL Code(s):
G,
G1,
G10,
G14,
G18
Labour Markets, Liquidity, and Monetary Policy Regimes
Staff Working Paper 2002-32
David Andolfatto,
Scott Hendry,
Kevin Moran
We develop an equilibrium model of the monetary policy transmission mechanism that highlights information frictions in the market for money and search frictions in the market for labour.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Monetary policy and uncertainty,
Monetary policy transmission
JEL Code(s):
E,
E4,
E5