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Keywords:Canada 

Conference Paper
Monetary aggregates and monetary aggregates in the twenty-first century : discussion

Conference Series ; [Proceedings] , Volume 45 , Issue Oct , Pages 25-30

Conference Paper
The Canadian payment system: an evolving structure

Proceedings

Working Paper
A century of trade elasticities for Canada, Japan, and the United States

Virtually all that is known about the behavior of imports rests on studies estimating income and price elasticities with postwar data. But anyone examining the evolution of trade over the last century cannot avoid asking whether the postwar period provides enough information to characterize that behavior. Indeed, the literature ignoring that past offers a large range of elasticity estimates suggesting that the role of income and prices in determining imports is not known with any precision. This paper offers the first analysis ofthat role using data since 1890 for Canada, Japan, and the ...
International Finance Discussion Papers , Paper 531

Conference Paper
The demand for money and the monetary policy process

Proceedings

Report
Can world real interest rates explain business cycles in a small open economy?

While the world real interest rate is potentially an important mechanism for transmitting international shocks to small open economies, much of the recent quantitative research that studies this mechanism concludes that it has little effect on output, investment, and net exports. We reexamine the importance of world real interest rate shocks using an approach that reverses the standard real business cycle methodology. We begin with a small open economy business cycle model. But, rather than specifying the stochastic processes for the shocks, and then solving and simulating the model to ...
Staff Reports , Paper 94

Journal Article
Northwest timber dilemma

FRBSF Economic Letter

Conference Paper
A comparison of monetary policy operating procedures in six industrial countries

Proceedings , Paper 1, pt. 1

Conference Paper
International financial stability: the Canadian perspective

Proceedings , Paper 734

Journal Article
A dynamic macroeconomic analysis of NAFTA

This article studies the impact of NAFTA on the three North American economies and a composite of their trading partners. The results suggest NAFTA will lead to welfare gains for all North American participants, with the greatest gains accruing to Mexico.
Economic Perspectives , Volume 21 , Issue Jan

Report
Restrictions on financial intermediaries and implications for aggregate fluctuations: Canada and the United States, 1870-1913

We consider a production economy with a finite number of heterogeneous, infinitely lived consumers. We show that, if the economy is smooth enough, equilibria are locally unique for almost all endowments. We do so by converting the infinite-dimensional fixed point problem stated in terms of prices and commodities into a finite-dimensional Negishi problem involving individual weights in a social value function. By adding artificial fixed factors to utility and production functions, we can write the equilibrium conditions equating spending and income for each consumer entirely in terms of ...
Staff Report , Paper 119

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