Staff working papers provide a forum for staff to publish work-in-progress research intended for journal publication.
1304
result(s)
The 1975–78 Anti-Inflation Program in Retrospect
Staff Working Paper 2005-43
John Sargent
The author provides an overview of the 1975–78 Anti-Inflation Program (AIP), in a background document prepared for a seminar organized by the Bank of Canada to mark the AIP's 30th anniversary.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Credibility,
Fiscal policy,
Inflation and prices,
Inflation targets,
Monetary policy framework,
Monetary policy implementation
JEL Code(s):
E,
E3,
E31,
E5,
E52,
E6,
E63,
E64,
E65
Order Submission: The Choice between Limit and Market Orders
Staff Working Paper 2005-42
Ingrid Lo,
Stephen Sapp
Most financial markets allow investors to submit both limit and market orders, but it is not always clear what affects the choice of order type.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Exchange rates,
Financial institutions,
Market structure and pricing
JEL Code(s):
D,
D4,
G,
G1
Modelling and Forecasting Housing Investment: The Case of Canada
Staff Working Paper 2005-41
Frédérick Demers
The author proposes and evaluates econometric models that try to explain and forecast real quarterly housing expenditures in Canada. Structural and leading-indicator models of the Canadian housing sector are described.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Economic models
JEL Code(s):
E,
E2,
E27,
R,
R2,
R21
Subordinated Debt and Market Discipline in Canada
Staff Working Paper 2005-40
Greg Caldwell
The author documents the use by Canadian banks of subordinated debt (SD) as a capital instrument.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Financial institutions
JEL Code(s):
G,
G2,
G21,
G28
Measurement Bias in the Canadian Consumer Price Index
Staff Working Paper 2005-39
James Rossiter
The consumer price index (CPI) is the most commonly used measure of inflation in Canada.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Inflation and prices,
Inflation targets
JEL Code(s):
E,
E3,
E31,
E5,
E52
An Empirical Analysis of Foreign Exchange Reserves in Emerging Asia
Staff Working Paper 2005-38
Marc-André Gosselin,
Nicolas Parent
Over the past few years, the ability of the United States to finance its current account deficit has been facilitated by massive purchases of U.S.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Financial stability,
International topics
JEL Code(s):
C,
C2,
C23,
F,
F3,
F31,
G,
G1,
G15
Quantity, Quality, and Relevance: Central Bank Research, 1990–2003
Staff Working Paper 2005-37
Pierre St-Amant,
Greg Tkacz,
Annie Guérard-Langlois,
Louis Morel
The authors document the research output of 34 central banks from 1990 to 2003, and use proxies of research inputs to measure the research productivity of central banks over this period.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Central bank research
JEL Code(s):
E,
E5,
E59
The Canadian Macroeconomy and the Yield Curve: An Equilibrium-Based Approach
Staff Working Paper 2005-36
René Garcia,
Richard Luger
The authors develop and estimate an equilibrium-based model of the Canadian term structure of interest rates.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Interest rates
JEL Code(s):
E,
E4,
E43,
E44,
E47,
E5,
E52
Testing the Parametric Specification of the Diffusion Function in a Diffusion Process
Staff Working Paper 2005-35
Fuchun Li
A new consistent test is proposed for the parametric specification of the diffusion function in a diffusion process without any restrictions on the functional form of the drift function.
Content Type(s):
Staff research,
Staff working papers
Topic(s):
Econometric and statistical methods,
Interest rates
JEL Code(s):
C,
C1,
C12,
C14