E - Macroeconomics and Monetary Economics

• 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

• A Structural Small Open-Economy Model for Canada

  Staff Working Paper 2004-4 Stephen Murchison, Andrew Rennison, Zhenhua Zhu

  The authors develop a small open-economy dynamic stochastic general-equilibrium (DSGE) model in an attempt to understand the dynamic relationships in Canadian macroeconomic data.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Economic models, Inflation and prices JEL Code(s): E, E2, E3, E5, E52

• Modélisation « PAC » du secteur extérieur de l'économie américaine

  Staff Working Paper 2004-3 Marc-André Gosselin, René Lalonde

  In this paper, the authors use polynomial adjustment cost (PAC) models to analyze and forecast the main components of the U.S. trade sector.

  Content Type(s): Staff research, Staff working papers Topic(s): Domestic demand and components, Econometric and statistical methods, International topics JEL Code(s): C, C3, C32, E, E3, E37, F, F4, F47