We estimate a small-scale, structural general equilibrium model of a small open economy
using Bayesian methods. Our main focus is the conduct of monetary policy in Australia …

This paper examines whether cross-listing in the US reduces firms' costs of capital. We
estimate cost of capital effects implied by market prices and analyst forecasts, which …

There has long prevailed a conventional wisdom rationalizing why firms pursue overseas
listings. It argues that firms seek such opportunities to benefit from a lower cost of capital that …

This paper develops a small-scale two-country model following the new open economy
macroeconomics paradigm. Under autarky, the model specializes to the familiar three …

This paper explores optimal policy design in an estimated model of three small open
economies: Australia, Canada and New Zealand. Within a class of generalized Taylor rules …

Entrepreneurship is frequently cited as an important force promoting economic growth.
There are several possible reasons for such an effect, but perhaps the most significant is the …

We present growth scenarios for 147 countries to 2050, based on MaGE
(Macroeconometrics of the Global Economy), a three-factor production function that includes …

Phillips curves are central to discussions of inflation dynamics and monetary policy. The
hybrid new Keynesian Phillips curve (NKPC) describes how past inflation, expected future …

Economic analysis is increasingly addressing long‐term issues (such as global warming)
that require a dynamic baseline for the world economy. In this article, we develop a three …

ToTEM: The Bank of Canada’s New Quarterly Projection Model Page 1 Bank of Canada
Banque du Canada Technical Report No. 97 / Rapport technique no 97 ToTEM: The Bank of …