Publications and Research

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2009
Real and Nominal Frictions within the Firm: How Lumpy Investment Matters for Price Adjustment
Michael K. Johnston
Working Paper 2009-36

2009
How Changes in Oil Prices Affect the Macroeconomy
Brian DePratto, Carlos de Resende, and Philipp Maier
Working Paper 2009-33

2009
Exchange Rate Pass-through and Monetary Policy: How Strong is the Link?
Stephen Murchison
Working Paper 2009-29

2009
Consumption, Housing Collateral, and the Canadian Business Cycle
Ian Christensen, Paul Corrigan, Caterina Mendicino, and Shin-Ichi Nishiyama
Working Paper 2009-26

2009
Resurrecting the Role of Real Money Balance Effects
José Dorich
Working Paper 2009-24

2009
Real Effects of Price Stability with Endogenous Nominal Indexation
Césaire Meh, Vincenzo Quadrini, and Yaz Terajima
Working Paper 2009-16

2009
Information Flows and Aggregate Persistence
Oleksiy Kryvtsov
Working Paper 2009-11

2009
Inventories and Real Rigidities in New Keynesian Business Cycle Models
Oleksiy Kryvtsov and Virgiliu Midrigan
Working Paper 2009-9

Winter 2008-2009
The Market Impact of Forward-Looking Policy Statements: Transparency vs. Predictability
Christine Fay and Toni Gravelle
Bank of Canada Review article

Winter 2008-2009
Conference Summary: International Experience with the Conduct of Monetary Policy under Inflation Targeting
Philipp Maier
Bank of Canada Review article

2009
Inventories, Markups, and Real Rigidities in Menu Cost Models
Oleksiy Kryvtsov and Virgiliu Midrigan
Working Paper 2009-6

2009
Are Commodity Prices Useful Leading Indicators of Inflation?
Calista Cheung
Discussion Paper 2009-5

2008
McCallum Rules, Exchange Rates, and the Term Structure of Interest Rates
Antonio Diez de los Rios
Working Paper 2008-43

2008
The Role of Bank Capital in the Propagation of Shocks
Césaire Meh and Kevin Moran
Working Paper 2008-36

2007
Endogenously Segmented Asset Market in an Inventory Theoretic Model of Money Demand
Jonathan Chiu
Working Paper 2007-46

2007
Should Central Banks Adjust Their Target Horizons in Response to House-Price Bubbles?
Meenakshi Basant Roi and Rhys R. Mendes
Discussion Paper 2007-4

2007
Micro Foundations of Price-Setting Behaviour: Evidence from Canadian Firms
Daniel de Munnik and Kuan Xu
Working Paper 2007-31

2007
Term Structure Transmission of Monetary Policy
Sharon Kozicki and P.A. Tinsley
Working Paper 2007-30

Autumn 2006
Modelling Financial Channels for Monetary Policy Analysis
Ian Christensen, Ben Fung, and Césaire Meh
Bank of Canada Review article

2006
An Optimized Monetary Policy Rule for ToTEM
Jean-Philippe Cayen, Amy Corbett, and Patrick Perrier
Working Paper 2006-41

2006
Survey of Price-Setting Behaviour of Canadian Companies
David Amirault, Carolyn Kwan, and Gordon Wilkinson
Working Paper 2006-35

Summer 2006
Another Look at the Inflation-Target Horizon
Don Coletti, Jack Selody, and Carolyn Wilkins
Bank of Canada Review article

2005
Endogenous Central Bank Credibility in a Small Forward-Looking Model of the U.S. Economy
René Lalonde
Working Paper 2005-16

Winter 2004-2005
A Survey of the Price-Setting Behaviour of Canadian Companies
David Amirault, Carolyn Kwan, and Gordon Wilkinson
Bank of Canada Review article

2004
The Transmission of World Shocks to Emerging-Market Countries: An Empirical Analysis
Brigitte Desroches
Working Paper 2004-44

2004
The Implications of Transmission and Information Lags for the Stabilization Bias and Optimal Delegation
Jean-Paul Lam and Florian Pelgrin
Working Paper 2004-37

2004
Bank Capital, Agency Costs, and Monetary Policy
Césaire Meh and Kevin Moran
Working Paper 2004-6

2003
Does Bank Capital Matter of the Transmission of Monetary Policy?
Skander J. Van den Heuvel
Conference proceedings

2003
The LM Curve: A Not-So-Fond Farewell
Benjamin M. Friedman
A Festschrift in Honour of Charles Freedman

2003
The Bank of Canada and the Inflation-Unemployment Trade-Off
Pierre Fortin
A Festschrift in Honour of
Charles Freedman

2003
Monetary Policy Without Money: Hamlet Without the Ghost
David Laidler
A Festschrift in Honour of
Charles Freedman

2003
Central Bank Talk: Does It Matter and Why?
Donald L. Kohn and Brian P. Sack
A Festschrift in Honour of
Charles Freedman

2003
Simple Monetary Policy Rules in an Open-Economy, Limited-Participation Model
Scott Hendry, Wai-Ming Ho, and Kevin Moran
Working Paper 2003-38

2003
Monetary Policy in Estimated Models of Small Open and Closed Economies
Ali Dib
Working Paper 2003-27

2003
A Small Dynamic Hybrid Model for the Euro Area
Ramdane Djoudad and Céline Gauthier
Working Paper 2003-19

2003
Bank Lending, Credit Shocks, and the Transmission of Canadian Monetary Policy
Joseph Atta-Mensah and Ali Dib
Working Paper 2003-9

2003
Money in the Bank (of Canada)
David Longworth
Technical Report 93

2002
Alternative Public Spending Rules and Output Volatility
Jean-Paul Lam and William Scarth
Working Paper 2002-37

2002
Labour Markets, Liquidity, and Monetary Policy Regimes
David Andolfatto, Scott Hendry, and Kevin Moran
Working Paper 2002-32

2002
Habit Formation and the Persistence of Monetary Shocks
Hafedh Bouakez, Emanuela Cardia, and Francisco J. Ruge-Murcia
Working Paper 2002-27

2002
Nominal Rigidity, Desired Markup Variations, and Real Exchange Rate Persistence
Hafedh Bouakez
Working Paper 2002-26

2002
Corporate Bond Spreads and the Business Cycle
Zhiwei Zhang
Working Paper 2002-15

2001
The Monetary Transmission Mechanism at the Sectoral Level
Jean Farès and Gabriel Srour
Working Paper 2001-27

2001
Predetermined Prices and the Persistent Effects of Money on Output
Michel B. Devereux and James Yetman
Working Paper 2001-13

2001
The Zero Bound on Nominal Interest Rates: How Important Is It?
David Amirault and Brian O'Reilly
Working Paper 2001-6

2000
Some Explorations, Using Canadian Data, of the S-Variable in Akerlof, Dickens, and Perry (1996)
Seamus Hogan and Lise Pichette
Working Paper 2000-6

1999
Broad Money: A Guide for Monetary Policy (PDF)
Kim McPhail
Conference proceedings

1999
The M1 Vector-Error-Correction Model: Some Extensions and Applications (PDF)
Charleen Adam and Scott Hendry
Conference proceedings

1999
Financial Intermediation, Beliefs, and the Transmission Mechanism (PDF)
Robert Amano, Scott Hendry, and Guang-Jia Zhang
Conference proceedings

1999
Credit Crunch, Bank Lending, and Monetary Policy: A Model of Financial Intermediation with Heterogeneous Projects (PDF)
Mingwei Yuan and Christian Zimmermann
Conference proceedings

1999
The Expectations Trap Hyphothesis (PDF)
Lawrence J. Christiano and Christopher Gust
Conference proceedings

Summer 1999
Passive Money, Active Money, and Monetary Policy
David Laidler
Bank of Canada Review article

1999
The Quantity of Money and Monetary Policy
David Laidler
Working Paper 99-5

1998
La politique monétaire a-t-elle des effets asymétriques sur l'emploi?
L. Pichette
Working Paper 98-17

1998
Liquidity Effects and Market Frictions
S. Hendry and G. Zhang
Working Paper 98-11

Spring 1997
Capacity constraints, price adjustment, and monetary policy
T. Macklem
Bank of Canada Review article

1997
Constraints on the Conduct of Canadian Monetary Policy in the 1990s: Dealing with Uncertainty in Financial Markets
K. Clinton and M. Zelmer
Technical Report 80

1997
What Does Downward Nominal-Wage Rigidity Imply for Monetary Policy?
S. Hogan
Working Paper 97-13

1997
Monetary Shocks in the G-6 Countries: Is There a Puzzle?
B. S. C. Fung and M. Kasumovich
Working Paper 97-7

Winter 1996-97
The impact of exchange rate movements on consumer prices
Therese Lafleche
Bank of Canada Review article

1996
Interpreting Money-Supply and Interest-Rate Shocks as Monetary-Policy Shocks
M. Kasumovich
Working Paper 96-8

1996
A Distant-Early-Warning Model of Inflation Based on M1 Disequilibria
J. Armour, J. Atta-Mensah, W. Engert and S. Hendry
Working Paper 96-5

1996
The Transmission of Monetary Policy in Canada
Bank of Canada
A collection of articles

1994
From Monetary Policy Instruments to Administered Interest Rates: The Transmission Mechanism in Canada
K. Clinton and D. Howard
Technical Report 69

1994
Capital Markets, Financing and Monetary Policy
Huntley Schaller
Print copy available
conference proceedings

1994
Credit as a Transmission Mechanism for Monetary Policy in Canada
Marie-Claude Montplaisir, Marcel Kasumovich, Peter Thurlow and Rohit Gupta
Print copy available
conference proceedings

1994
Endogenous Buffer-Stock Money
David Laidler and William Robson
Print copy available
conference proceedings

1994
The Monetary Policy Transmission Mechanism, Financial Intermediation and Interest Rate Differentials: A Survey of the Literature from a Canadian Perspective
Daniel Racette, Jacques Raynauld and Christian Sigouin
Print copy available
conference proceedings

1994
Intermediated Finance, Inventory Investment and the Monetary Policy Transmission Mechanism
Peter Thurlow
Print copy available
conference proceedings

1994
Business Cycles and the Credit-Allocation Process: An Institutional Perspective
William Barker and Louis-Robert Lafleur
Print copy available
conference proceedings

1994
Does Business Asset Size Matter? Evidence from Canadian Data
John Kuszczak and Peter Orcheson
Print copy available
conference proceedings

1983
Asset Stocks and the Use of Monetary and Fiscal Policies to Reduce Inflation
P. Masson
Technical Report 35

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Publications Distribution
Bank of Canada, Ottawa, Ontario, K1A 0G9
Tel: 613 782-8248
Fax: 613 782-8874
Email publications@bankofcanada.ca

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