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 & Debt. 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.

A Framework for Analyzing Monetary Policy in an Economy with E-Money

Abstract: This paper considers an economy where central-bank-issued fiat money competes with privately-issued e-money We study a policy-setting game between the central bank and the e-money issuer and find (1) the optimal monetary policy of the central bank depends on the policy of the private issuer and may deviate from the Friedman rule; (2) there may exist multiple equilibria; (3) when the economy approaches a cashless state, the central bank's optimal policy improves the market power of the e-money issuer and can lead to a discrete decrease in welfare and a discrete increase in inflation; and (4) first best cannot be achieved Central-bank-issued e-money leads to a simple optimal policy that achieves the first best

Empirical Tests for Allocative Efficiency in the Local Public Sector

Abstract: This article reports evidence from two tests for allocative efficiency in the local public sector using micro-based data. The first test is based on Brueckner's (1979, 1982) theoretical result that a nonpositive relationship between public services and residential property values is a definite indicator of over provision of local public goods beyond optimal levels in the case of typical mixed communities, that is, communities having substantial business property. This article points out the limitations of Brueckner's empirical analysis and provides a stronger empirical test of allocative efficiency in the local public sector using micro-based data. An alternative test that uses the criterion that, when the level of local spending is optimal, a balanced budget change in local spending and residential property taxation should leave residential property values unaltered, is also presented. Both the tests suggest overprovision of local public goods in metropolitan Edmonton, Canada.

Multifactor authentication scheme using physically unclonable functions

Abstract: We propose a secure telehealth system using multifactor authentication for the mobile devices as well as the IoT edge devices in the system. These two types of devices constitute the weakest link in telehealth systems. The mobile devices and edge devices are typically unsecured and contain vulnerable processors. The mobile devices use the healthcare professional’s biometric and endowing the edge device with biometrics is accomplished by using physically unclonable functions (PUFs). The embedded PUF acts as a means of enabling mutual authentication and key exchange. Evaluating the security of the proposed authentication scheme is conducted using three approaches: (a) formal analysis based on Burrows–Abadi–Needham logic (BAN); (b) informal security analysis for protection against many attack types.; (c) model checking using automated validation of internet security protocols and applications (AVISPA) tool.

Fabrication of fused twin biconical taper singlemode fiber splitters: effect of unequal cladding diameters

Abstract: In this paper we report the results of an investigation of fused-biconical fiber splitters fabricated from fibers having unequal cladding diameters.