Staff Working Papers

From Bank of Canada
234 Wellington Street, Ottawa, Ontario, K1A 0G9, Canada.
Contact information at EDIRC.
Bibliographic data for series maintained by ().

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

13-23: A Blessing in Disguise: The Implications of High Global Oil Prices for the North American Market

Ron Alquist and Justin-Damien Guenette

13-22: The Threat of Counterfeiting in Competitive Search Equilibrium

Enchuan Shao

13-21: Why Do Emerging Markets Liberalize Capital Outflow Controls? Fiscal versus Net Capital Flow Concerns

Joshua Aizenman and Gurnain Pasricha

13-20: Money Market Rates and Retail Interest Regulation in China: The Disconnect between Interbank and Retail Credit Conditions

Nathan Porter and TengTeng Xu

13-19: Business Cycle Effects of Credit Shocks in a DSGE Model with Firm Defaults

Mohammad Pesaran and TengTeng Xu

13-18: Booms and Busts in House Prices Explained by Constraints in Housing Supply

Narayan Bulusu, Jefferson Duarte and Carles Vergara-Alert

13-17: Fire-Sale FDI or Business as Usual?

Ron Alquist, Rahul Mukherjee and Linda Tesar

13-16: Multivariate Tests of Mean-Variance Efficiency and Spanning with a Large Number of Assets and Time-Varying Covariances

Sermin Gungor and Richard Luger

13-15: What Central Bankers Need to Know about Forecasting Oil Prices

Christiane Baumeister and Lutz Kilian

13-14: Are Sunspots Learnable? An Experimental Investigation in a Simple General-Equilibrium Model

Jasmina Arifovic, George Evans and Olena Kostyshyna

13-13: A Semiparametric Early Warning Model of Financial Stress Events

Ian Christensen and Fuchun Li

13-12: Jump-Diffusion Long-Run Risks Models, Variance Risk Premium and Volatility Dynamics

Jianjian Jin

13-11: Forecasting with Many Models: Model Confidence Sets and Forecast Combination

Jon Samuels and Rodrigo Sekkel

13-10: A New Linear Estimator for Gaussian Dynamic Term Structure Models

Antonio Diez de los Rios

13-9: An Equilibrium Analysis of the Rise in House Prices and Mortgage Debt

Shaofeng Xu

13-8: Countercyclical Bank Capital Requirement and Optimized Monetary Policy Rules

Carlos de Resende, Ali Dib, René Lalonde and Nikita Perevalov

13-7: A Tractable Monetary Model Under General Preferences

Russell Wong

13-6: To Link or Not To Link? Netting and Exposures Between Central Counterparties

Stacey Anderson, Jean-Philippe Dion and Hector Perez Saiz

13-5: Market Structure and Cost Pass-Through in Retail

Gee Hee Hong and Nicholas Li

13-4: Financial Development and the Volatility of Income

Tiago Pinheiro, Francisco Rivadeneyra and Marc Teignier

13-3: Real-financial Linkages through Loan Default and Bank Capital

Tamon Takamura

13-2: House Prices, Consumption and the Role of Non-Mortgage Debt

Katya Kartashova and Ben Tomlin

13-1: The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications

Olivier Coibion, Yuriy Gorodnichenko and Gee Hee Hong

12-43: On the Welfare Effects of Credit Arrangements

Jonathan Chiu, Mei Dong and Enchuan Shao

12-42: Financial Crisis Resolution

Josef Schroth

12-41: Estimating the Policy Rule from Money Market Rates when Target Rate Changes Are Lumpy

Jean-Sebastien Fontaine

12-40: The Effects of Oil Price Uncertainty on the Macroeconomy

Soojin Jo

12-39: Consumer Interest Rates and Retail Mutual Fund Flows

Jesus Sierra Jimenez

12-38: Liquidity and Central Clearing: Evidence from the CDS Market

Joshua Slive, Jonathan Witmer and Elizabeth Woodman

12-37: Forecasting Inflation and the Inflation Risk Premiums Using Nominal Yields

Bruno Feunou and Jean-Sebastien Fontaine

12-36: The Role of Credit in International Business Cycles

TengTeng Xu

12-35: When Lower Risk Increases Profit: Competition and Control of a Central Counterparty

Jean-Sebastien Fontaine, Hector Perez Saiz and Joshua Slive

12-34: The Economic Value of Realized Volatility: Using High-Frequency Returns for Option Valuation

Peter Christoffersen, Bruno Feunou, Kris Jacobs and Nour Meddahi

12-33: Financial Conditions and the Money-Output Relationship in Canada

Maral Kichian

12-32: China’s Emergence in the World Economy and Business Cycles in Latin America

Ambrogio Cesa-Bianchi, Mohammad Pesaran, Alessandro Rebucci and TengTeng Xu

12-31: The Evolution of Canada’s Global Export Market Share

Daniel de Munnik, Jocelyn Jacob and Wesley Sze

12-30: Price Negotiation in Differentiated Products Markets: Evidence from the Canadian Mortgage Market

Jason Allen, Robert Clark and Jean-François Houde

12-29: Efficiency and Bargaining Power in the Interbank Loan Market

Jason Allen, James Chapman, Federico Echenique and Matthew Shum

12-28: What Drags and Drives Mobility: Explaining Canada’s Aggregate Migration Patterns

David Amirault, Daniel de Munnik and Sarah Miller

12-27: Systematic Risk, Debt Maturity and the Term Structure of Credit Spreads

Hui Chen, Yu Xu and Jun Yang

12-26: Natural Monopoly and Distorted Competition: Evidence from Unbundling Fiber-Optic Networks

Naoaki Minamihashi

12-25: Does the Buck Stop Here? A Comparison of Withdrawals from Money Market Mutual Funds with Floating and Constant Share Prices

Jonathan Witmer

12-24: Why Do Shoppers Use Cash? Evidence from Shopping Diary Data

Naoki Wakamori and Angelika Welte

12-23: Inflation and Growth: A New Keynesian Perspective

Robert Amano, Thomas Carter and Kevin Moran

12-22: The Ex-Ante Versus Ex-Post Effect of Public Guarantees

Evren Damar, Reint Gropp and Adi Mordel

12-21: Unconventional Monetary Policy and the Great Recession: Estimating the Macroeconomic Effects of a Spread Compression at the Zero Lower Bound

Christiane Baumeister and Luca Benati

12-20: The Sensitivity of Producer Prices to Exchange Rates: Insights from Micro Data

Shutao Cao, Wei Dong and Ben Tomlin

12-19: International Business Cycles and Financial Frictions

Wen Yao

12-18: Consumer Bankruptcy and Information

Jason Allen, Evren Damar and David Martinez-Miera

12-17: On the Existence and Fragility of Repo Markets

Hajime Tomura