Posts

• January 29, 2000

  Annual Report 1999

  

  The Canadian economy regained strong momentum in 1999 as the U.S. economy remained vigorous, the global economy recovered, and commodity prices moved upwards.

  Content Type(s): Publications, Annual Report
• January 27, 2000

  Bank of Canada Governor speaks to the Metropolitan Halifax Chamber of Commerce

  Media Relations Halifax, Nova Scotia

  There has been a dramatic move among major central banks over the past decade towards greater transparency in monetary policy, Bank of Canada Governor Gordon Thiessen told the Metropolitan Halifax Chamber of Commerce in a speech today. This process has been driven not only by the general trend to greater accountability on the part of […]

  Content Type(s): Press, Press releases
• January 27, 2000

  Accountability and Transparency in Canada's Monetary Policy

  Remarks Gordon Thiessen Metropolitan Halifax Chamber of Commerce Halifax, Nova Scotia

  Public sector institutions have been undergoing significant changes over the past decade. One of the most important changes has been the move to greater accountability. Public institutions are now required to be more open and to provide more information about their operations. Or, to use the word currently in vogue, to be more “transparent.”

  Content Type(s): Press, Speeches and appearances, Remarks
• January 16, 2000

  Bank of Canada Review - Winter 1999–2000

  

  Cover page

  Coins from Y1K

  The largest of these coins is about the size of a twenty-five cent piece. They form part of the National Currency Collection, Bank of Canada.

  Photography by James Zagon.

  Content Type(s): Publications, Bank of Canada Review

• GAUSS™ Programs for the Estimation of State-Space Models with ARCH Errors: A User's Guide

  Staff Working Paper 2000-2 Maral Kichian

  State-space models have long been popular in explaining the evolution of various economic variables. This is mainly because they generally have more economic content than do others in their class of parsimonious models (for example, VARs). Yet, in spite of their advantages, use of these models until recently was limited by the assumption that all […]

  Content Type(s): Staff research, Staff working papers Topic(s): Econometric and statistical methods JEL Code(s): C, C3, C32, C8, C82, C87, C89

• The Employment Costs of Downward Nominal-Wage Rigidity

  Staff Working Paper 2000-1 Jean Farès, Seamus Hogan

  In this paper, we use firm-level wage and employment data to address whether there is evidence of downward nominal-wage rigidity, and whether that rigidity is associated with a reduction in employment. We describe an estimation bias that can result when estimating reduced-form wage and employment equations and suggest a way of controlling for that bias. […]

  Content Type(s): Staff research, Staff working papers Topic(s): Labour markets JEL Code(s): C, C3, C33, J, J2, J23, J3, J31