Staff working papers

• The Resolution of International Financial Crises: Private Finance and Public Funds

  Staff Working Paper 2001-20 Andy Haldane, Mark Kruger

  Over the past year and a half, the Bank of England and the Bank of Canada have been developing a framework for the resolution of international financial crises that aligns incentives for all parties to deal with a crisis and preserve the integrity of the international financial system. The framework is built on principles, not rules.

  Content Type(s): Staff research, Staff working papers Topic(s): International topics JEL Code(s): F, F3, F34, F4, F42

• Employment Effects of Restructuring in the Public Sector in North America

  Staff Working Paper 2001-19 Paul Fenton, Irene Ip, Geoff Wright

  This paper examines whether restructuring in the public sector contributed to the slower cyclical recovery in Canada than in the United States during the 1990s. Changes in public sector employment are used to investigate this question.

  Content Type(s): Staff research, Staff working papers Topic(s): Labour markets JEL Code(s): J, J4, J45

• Evaluating Factor Models: An Application to Forecasting Inflation in Canada

  Staff Working Paper 2001-18 Marc-André Gosselin, Greg Tkacz

  This paper evaluates the forecasting performance of factor models for Canadian inflation. This type of model was introduced and examined by Stock and Watson (1999a), who have shown that it is quite promising for forecasting U.S. inflation.

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods, Inflation and prices JEL Code(s): C, C3, C32, E, E3, E37