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| 001 | 9.956699 |
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| 003 | CaOODSP |
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| 005 | 20251024161608 |
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| 006 | m o d f |
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| 007 | cr |n||||||||| |
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| 008 | 251024t20252025oncd ob f|0| 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | |aeng|beng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2025-24E-PDF |
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| 100 | 1 |aL’Huillier, Jean-Paul, |eauthor. |
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| 245 | 10|aShort-run and long-run news : |bevidence from giant commodity discoveries / |cJean-Paul L’Huillier, Kirill Shakhnov, Laure Simon. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2025. |
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| 264 | 4|c©2025 |
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| 300 | |a1 online resource (ii, 58 pages) : |bcharts. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff working paper = Document de travail du personnel, |y1701-9397 ; |v2025-24 |
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| 500 | |a"Last updated: September 5, 2025." |
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| 504 | |aIncludes bibliographical references. |
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| 520 | |a"The bulk of the news shocks literature focuses on shocks materializing after four or five quarters, with limited evidence on news about longer-run events. We build a new dataset of discovery and production start dates for a wide range of giant commodity discoveries worldwide from 1960 to 2012. Standard open economy models match the empirical responses of short-run news but fail in the case of long-run news. Incorporating financial frictions in the form of collateral constraints is crucial for capturing the dynamics implied by long-run news. We also provide direct evidence on the role of these frictions"--Abstract, page ii. |
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| 546 | |aIncludes abstract in French. |
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| 650 | 0|aCommodity exchanges. |
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| 650 | 6|aBourses de marchandises. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2025-24.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s1.92 MB|uhttps://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-5-2025-24-eng.pdf |
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