<?xml version="1.0" encoding="UTF-8"?>
<feed xmlns="http://www.w3.org/2005/Atom" xmlns:dc="http://purl.org/dc/elements/1.1/">
  <title>EconStor Collection:</title>
  <link rel="alternate" href="https://hdl.handle.net/10419/70092" />
  <subtitle />
  <id>https://hdl.handle.net/10419/70092</id>
  <updated>2026-04-29T17:48:53Z</updated>
  <dc:date>2026-04-29T17:48:53Z</dc:date>
  <entry>
    <title>The interactive evolution of economic ideas and experience: The case of Canadian inflation targeting</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/123489" />
    <author>
      <name>Laidler, David</name>
    </author>
    <id>https://hdl.handle.net/10419/123489</id>
    <updated>2023-11-19T02:12:58Z</updated>
    <published>2015-01-01T00:00:00Z</published>
    <summary type="text">Title: The interactive evolution of economic ideas and experience: The case of Canadian inflation targeting
Authors: Laidler, David
Abstract: In Canada, targeting the inflation rate was intended as a temporary measure on a journey to price-level stability, but became a well-established monetary policy regime in its own right. This paper analyses the role of the interaction of economic ideas with the experience generated by their application to policy in bringing about this outcome. In the following account, changing beliefs about the stability or otherwise of ongoing inflation, the capacity of a flexible exchange rate to create a vicious circle of depreciation and rising domestic prices, and about the roles played by the natural unemployment rate and money growth in influencing economic outcomes are emphasised. Today's standard DSGE approach to modelling inflation targeting arrived on the scene only after the Canadian regime was well established.</summary>
    <dc:date>2015-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Retail price differences across U.S. and Canadian cities during the interwar period</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/123487" />
    <author>
      <name>Hajzler, Chris</name>
    </author>
    <author>
      <name>MacGee, James</name>
    </author>
    <id>https://hdl.handle.net/10419/123487</id>
    <updated>2023-12-08T03:03:35Z</updated>
    <published>2015-01-01T00:00:00Z</published>
    <summary type="text">Title: Retail price differences across U.S. and Canadian cities during the interwar period
Authors: Hajzler, Chris; MacGee, James
Abstract: We construct a unique panel of retail food prices in 69 Canadian and 51 U.S. cities during the Interwar (1920-40) period. Surprisingly, we find that average relative price dispersion across cities within Canada and the U.S., and the role of distance in accounting for cross-city price differences, was very similar to estimates from the 1980s and 1990s. We also find large changes in the importance of the Canada- U.S. border during the Interwar period. While increased price differences between Canadian and U.S. cities coincide with the end of the gold-standard (and the move to floating nominal exchange rates), large relative and absolute price differences persist even after the Canada-U.S. nominal exchange rate returned to parity. The substantial "thickening" of the border in the 1930s appears to reflect dramatic changes in trade policy and the degree of market integration during this period.</summary>
    <dc:date>2015-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>A CGE framework for modelling the economics of flooding and recovery in a major urban area</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/123485" />
    <author>
      <name>Gertz, Aaron B.</name>
    </author>
    <author>
      <name>Davies, James</name>
    </author>
    <id>https://hdl.handle.net/10419/123485</id>
    <updated>2023-12-05T02:20:12Z</updated>
    <published>2015-01-01T00:00:00Z</published>
    <summary type="text">Title: A CGE framework for modelling the economics of flooding and recovery in a major urban area
Authors: Gertz, Aaron B.; Davies, James
Abstract: Coastal cities around the world have experienced large costs from major flooding events in recent years. Climate change is predicted to bring an increased likelihood of flooding due to sea level rise and a higher frequency of severe storms. In order to plan future development and adaptation, cities must know the magnitude of losses associated with these events, and how they can be reduced. Often losses are calculated by adding up insurance claims or surveying flood victims. However, this largely neglects the loss due to the interruption of economic activity caused by a flood. There have been some attempts to account for the output losses using input-output techniques, but these do not account for the mitigation achieved through flexible prices, changes in output composition, and factor substitution. Here, we use a computable general equilibrium (CGE) model to study how a local economy responds to a flood, focusing on the subsequent recovery/reconstruction. Initial damage is modelled as a shock to the capital stock and recovery requires rebuilding that stock. We apply the model to Metro Vancouver by considering a flood scenario causing total capital damage of $14.6 billion spread across five municipalities. Transportation and Warehousing are most severely impacted, followed by Manufacturing and Wholesale Trade. We find that the GDP loss relative to a scenario with no flood is 1.9% ($2.07B) in the first year after the flood, 1.7% ($1.97B) in the second year, 1.5% ($1.70B) in the fifth year and 1.1% ($1.42B) in the twentieth year. We also find that the losses tend to scale approximately linearly with the damage rate.</summary>
    <dc:date>2015-01-01T00:00:00Z</dc:date>
  </entry>
  <entry>
    <title>Existence of monotone equilibria in first-price auctions with resale</title>
    <link rel="alternate" href="https://hdl.handle.net/10419/123486" />
    <author>
      <name>Zheng, Charles Z.</name>
    </author>
    <id>https://hdl.handle.net/10419/123486</id>
    <updated>2023-11-08T02:13:13Z</updated>
    <published>2014-01-01T00:00:00Z</published>
    <summary type="text">Title: Existence of monotone equilibria in first-price auctions with resale
Authors: Zheng, Charles Z.
Abstract: Existence of a monotone pure-strategy perfect Bayesian equilibrium is proved for a multistage game of first-price auctions with interbidder resale, with any finite number of ex ante different bidders. Endogenous gains at resale complicate the winner's curse and upset previous fixed-point methods to prove existence of monotone equilibria. This paper restructures the fixed-point approach with respect to comparative statics of the resale mechanisms strategically chosen after the auction. Despite speculation possibilities and the discontinuity-inducing uniform tie-breaking rule, at our equilibrium any bid that stands a chance to win is strictly increasing in the bidder's use value.</summary>
    <dc:date>2014-01-01T00:00:00Z</dc:date>
  </entry>
</feed>

