Interest rates

• 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

• Does Financial Structure Matter for the Information Content of Financial Indicators?

  Staff Working Paper 2005-33 Ramdane Djoudad, Jack Selody, Carolyn A. Wilkins

  Of particular concern to monetary policy-makers is the considerable unreliability of financial variables for predicting GDP growth and inflation.

  Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Credit and credit aggregates, Inflation and prices, Interest rates, Monetary aggregates JEL Code(s): E, E3, E31, E32