Government of Canada

About: Government of Canada is a government organization based out in Ottawa, Ontario, Canada. It is known for research contribution in the topics: Monetary policy & Productivity. The organization has 796 authors who have published 886 publications receiving 21366 citations. The organization is also known as: federal government of Canada & Her Majesty's Government.

Jump-Diffusion Long-Run Risks Models, Variance Risk Premium, and Volatility Dynamics

Abstract: This paper calibrates a class of jump-diffusion long-run risks models and quantifies how well they can account for both equity and variance risk premiums while generating realistic volatility dynamics. I find that jumps in the level and the volatility of long-run consumption growth rates perform equally well in explaining the variance risk premium. Moreover, compared to jump-in-growth models, jump-in-volatility models generate more realistic volatility dynamics and stronger predictability of returns by the variance risk premium. Finally, both jump-in-volatility and jump-in-growth models suggest that a non-trivial portion of the equity risk premium is due to compensation for jump risks.

Accounting for Real Exchange Rates Using Micro-Data

Abstract: The classical dichotomy predicts that all of the time series variance in the aggregate real exchange rate is accounted for by non-traded goods in the CPI basket because traded goods obey the Law of One Price. In stark contrast, Engel (1999) found that traded goods had comparable volatility to the aggregate real exchange rate. Our work reconciles these two views by successfully applying the classical dichotomy at the level of intermediate inputs into the production of final goods using highly disaggregated retail price data. Since the typical good found in the CPI basket is about equal parts traded and non-traded inputs, we conclude that the classical dichotomy applied to intermediate inputs restores its conceptual value.

Perspectives on Military Professionalism from Canadian Armed Forces Members

Abstract: Little research has been conducted on how diversity and gender affect military professionalism (Ewles et al. 2017) and how diverse groups perceive this concept. This project examined perspectives on military professionalism and unprofessionalism from diverse members across the Canadian Armed Forces (CAF) using a qualitative approach. To ensure diverse participation, the study was based on the constructivist paradigm (i.e., multiple realities), using the Gender-Based Analysis Plus process, which helps identify the differential impacts of research on diverse groups of men and women. A total of N = 125 individuals participated in interviews and focus groups from October 2016 to January 2017. Results revealed that there are unique aspects associated with both professionalism and unprofessionalism, with leadership playing a key role. This study sheds light onto the experiences of members and how perceptions of professionalism are shaped by members’ experiences.

Government Regulation and Rail Safety

Abstract: In recent years there has been a growing concern regarding the environment and the quality of life. An important aspect of this concern relates to accidents within transportation systems. It is generally agreed that transportation accidents cannot he completely eliminated, therefore, one must focus instead on reducing the number of accidents and their harmful effects upon individuals and the environment. Another aspect of this problem is the extent of control which an individual may exert in protecting himself from a transportation accident. In this era of mass transit, an individual has only limited control in determining the level of risk in the transportation offering. Therefore, transportation safety, as a major public concern, must be examined within the context of the individual, the environment, and the society.

Quasi-Peak Voltages Derived from Amplitude Probability Distributions

Abstract: Based upon a sample of 125 distributions of impulsive power-line noise taken near an HVDC converter station, this paper presents experimental confirmation of Cook's method of calculating the quasi-peak voltage from the Amplitude Probability Distributions. The calculated values compare with measured values to within ± 2 dB. Values for the ratio of quasi-peak to rms voltage levels were found to be 12 dB ± 2 dB for these types of power-line noise.