This paper compares the capability of simple inflation targeting (IT) and price-level-path targeting (PLPT) rules to minimize inflation and output gap variability in a two-country, two-sector version of the Global Economy Model calibrated for Canada and the United States. We find that simple...

Advances in market risk management have had a huge impact on asset liability management in recent years, enabling the most advanced institutions to analyze their balance sheet risks in a much more realistic and dynamic way. In future, as risk management develops still further and computing power...

Purpose – Offering an empirical study of the rush to promote a new technology of its time, which is a significant phenomenon in its own right, the paper's purpose is to offer a reminder that new technologies often generate speculative and unstable business conditions....

Within the transport sector, modal shift towards more efficient and less polluting modes could be a key policy goal to help meet targets to reduce energy consumption and carbon emissions. However, making comparisons between modes is not necessarily straightforward. Average energy and emissions...

The purpose of this article is to provide a technical discussion of capital loading that “micro health insurance units” (MIUs) must add to the premium to maintain financial sustainability. MIUs offer benefit packages and require prepayment, that is, they create a rudimentary community-based...