Showing 1 - 10 of 218,225
Persistent link: https://www.econbiz.de/10011631916
main projection and policy analysis model of the Bank of Canada. In a meticulously calibrated "baby" ToTEM model with 21 … episode of the effective lower bound on nominal interest rates in Canada. We conclude that the Bank of Canada's analysis would …
Persistent link: https://www.econbiz.de/10011655463
We study the revision properties of the Bank of Canada's staff output gap estimates since the mid-1980s. Our results …
Persistent link: https://www.econbiz.de/10011490884
structure allows us to assess the macroeconomic impact of the COVID-19 pandemic in Canada. Second, the realistic agent behaviour … of macroprudential policies in Canada. …
Persistent link: https://www.econbiz.de/10013482451
Combining the high-frequency multidimensional approach of Gürkaynak et al. (2005) with Greenbook measures of the Federal Reserve's information set as in Romer and Romer (2004), I propose a new method of constructing a monetary policy shock that occurs on Federal Reserve announcement days. I...
Persistent link: https://www.econbiz.de/10012546138
We use consumer surveys conducted in April, July and November 2020 to study how the COVID-19 pandemic affected the demand for cash and the use of various methods of payment. Continuing from Chen et al. (2020, 2021), we use data from the Bank Note Distribution System (BNDS) to track how the...
Persistent link: https://www.econbiz.de/10012597734
We provide an analysis of cash trends in Canada before and during the COVID-19 pandemic. Focusing on the pandemic …
Persistent link: https://www.econbiz.de/10013362972
policy. We study how firms form their inflation expectations using quarterly firm-level data from the Bank of Canada … structural shift specifications suggests that inflation expectations in Canada have drifted downward since the Great Recession …
Persistent link: https://www.econbiz.de/10011540769
new surveys - the Federal Reserve Bank of New York’s Survey of Consumer Expectations and the Bank of Canada’s Canadian … rational expectations forecasts in Canada than in the US, and conversely less to lagged expectations. More specifically, the … expectations in Canada, while these weights are around 50-50 for the US. We show that these differences in weights are not …
Persistent link: https://www.econbiz.de/10012322148
policy. We study how firms form their inflation expectations using quarterly firm-level data from the Bank of Canada … structural shift specifications suggests that inflation expectations in Canada have drifted downward since the Great Recession …
Persistent link: https://www.econbiz.de/10011433529