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Keywords:Canada 

Working Paper
Measuring relative quality of life from a cross-migration regression, with an application to Canadian provinces

We discuss specification of regression models for using migration data to infer the living standards of different regions, and for observing how much of the standard of living is determined by economic opportunities versus non-pecuniary amenities. We estimate a regression using Canadian data from 1976-95, which results in rankings of the provinces with respect to overall living standards and amenities, with different rankings for different age groups. The regression also uncovers some interesting evidence as to the existence of equilibrium
Working Papers , Paper 1999-007

Journal Article
How important is the U.S.-Canada border?

International Economic Trends , Issue Aug

Working Paper
Sectoral and aggregate shocks to industrial output in Germany, Japan and Canada

Finance and Economics Discussion Series , Paper 75

Conference Paper
Interest rate operating procedures of foreign central banks

Proceedings , Paper 1, pt. 1

Journal Article
Bank failures, financial restrictions, and aggregate fluctuations: Canada and the United States, 1870-1913

During 1870_1913, Canada had a well-diversified branch banking system while banks in the U.S. unit-banking system were less diversified. Canadian banks could issue large-denomination notes with no restrictions on their backing, while all U.S. currency was essentially an obligation of the U.S. government. Also, experience in the two countries with regard to bank failures and panics was quite different. A general equilibrium business cycle model with endogenous financial intermediation is constructed that captures these historical Canadian and American monetary and banking arrangements as ...
Quarterly Review , Volume 13 , Issue Sum , Pages 20-40

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
Officially floating, implicitly targeted exchange rates: examples from the Pacific Basin

Proceedings , Issue Sep

Journal Article
Canadian public and private saving

FRBSF Economic Letter

Working Paper
The sovereignty option: the Quebec referendum and market views on the Canadian dollar

We use exchange traded options on Canadian dollar futures to estimate the market's risk-neutral distribution for the Canadian dollar in the days before and after the Quebec sovereignty referendum. We employ a relatively new technique that places little a priori structure on the estimated distribution. This lack of structure allows the estimated distribution to reflect the multi-modal nature of expectations associated with the referendum's results. The technique is especially suited to circumstances in which a particular event will reduce a large degree of uncertainty prior to the expiration ...
International Finance Discussion Papers , Paper 555

Journal Article
NAFTA and U.S. banking

FRBSF Economic Letter

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