Publications
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19 November 2010 Has Exchange Rate Pass-Through Really Declined? Some Recent Insights from the Literature
Building on an earlier Review article, the authors critically reassess the premise that exchange rate pass-through (ERPT) has declined in light of recent studies of the issue in the context of a dynamic stochastic general-equilibrium framework. -
18 November 2010 Financial Stress, Monetary Policy, and Economic Activity
The recent global crisis was characterized by a remarkable intensity in the negative feedback process between financial sector developments and the real economy. -
18 November 2010 Trends in Issuance: Underlying Factors and Implications
Trends in debt issuance have changed significantly over the past decade, both prior to the financial crisis and subsequently. -
18 November 2010 Bank of Canada Review - Autumn 2010
The premise that exchange rate pass-through has declined is critically reassessed; intensity in the negative feedback process between financial sector developments and the real economy during the recent global crisis is examined; update on past decade’s changing trends in debt issuance in Canada relative to those in other capital markets.