Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.
1320
result(s)
Are Average Growth Rate and Volatility Related?
Staff Working Paper 2006-24
Partha Chatterjee,
Malik Shukayev
The empirical relationship between the average growth rate and the volatility of growth rates, both over time and across countries, has important policy implications, which depend critically on the sign of the relationship.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles
JEL Code(s):
E,
E3,
E32
Convergence in a Stochastic Dynamic Heckscher-Ohlin Model
Staff Working Paper 2006-23
Partha Chatterjee,
Malik Shukayev
The authors characterize the equilibrium for a small economy in a dynamic Heckscher-Ohlin model with uncertainty.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models
JEL Code(s):
F,
F4,
F43,
O,
O4,
O41
Launching the NEUQ: The New European Union Quarterly Model, A Small Model of the Euro Area and U.K. Economies
Staff Working Paper 2006-22
Anna Piretti,
Charles St-Arnaud
The authors develop a projection model of the euro area and the United Kingdom. The model consists of two country blocks, endogenous to each other via the foreign demand channel.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Business fluctuations and cycles,
Economic models
JEL Code(s):
C,
C5,
C53,
E,
E1,
E17,
E3,
E37
The International Monetary Fund's Balance-Sheet and Credit Risk
Staff Working Paper 2006-21
Ryan Felushko,
Eric Santor
The authors examine the characteristics of International Monetary Fund (IMF) lending from the 1960s to 2005.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
International topics
JEL Code(s):
F,
F3
Examining the Trade-Off between Settlement Delay and Intraday Liquidity in Canada's LVTS: A Simulation Approach
Staff Working Paper 2006-20
Neville Arjani
The author explores a fundamental trade-off that occurs between settlement delay and intraday liquidity in the daily operation of large-value payment systems (LVPS), with specific application to Canada's Large Value Transfer System (LVTS).
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Payment clearing and settlement systems
JEL Code(s):
E,
E4,
E47,
G,
G2,
G21
Institutional Quality, Trade, and the Changing Distribution of World Income
Staff Working Paper 2006-19
Brigitte Desroches,
Michael Francis
Conventional wisdom holds that institutional changes and trade liberalization are two main sources of growth in per capita income around the world.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Development economics,
International topics
JEL Code(s):
F,
F1,
F11,
F15,
O,
O1,
O11,
P,
P4,
P48
Working Time over the 20th Century
Staff Working Paper 2006-18
Alexander Ueberfeldt
From 1870 to 2000, the workweek length of employed persons decreased by 41 per cent in industrialized countries.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Labour markets,
Productivity
JEL Code(s):
E,
E1,
E13,
E2,
E24,
O,
O1,
O11
Risk-Cost Frontier and Collateral Valuation in Securities Settlement Systems for Extreme Market Events
Staff Working Paper 2006-17
Alejandro García,
Ramazan Gençay
The authors examine how the use of extreme value theory yields collateral requirements that are robust to extreme fluctuations in the market price of the asset used as collateral.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Financial stability,
Payment clearing and settlement systems
JEL Code(s):
C,
C1,
G,
G0,
G1
Benchmark Index of Risk Appetite
Staff Working Paper 2006-16
Miroslav Misina
Changes in investors' risk appetite have been used to explain a variety of phenomena in asset markets.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Economic models,
Financial markets
JEL Code(s):
G,
G1,
G12