Claude Lavoie

The invasive common reed (Phragmites australis) along roads in Quebec (Canada): a genetic and biogeographical analysis (2005)

Lelong, Benjamin, Jodoin, Yvon, Lavoie, Claude, Belzile, François

During the last century, common reed (Phragmites australis) colonies expanded in marshes of north-eastern North America. This species is highly problematical because it has a strong impact on plant...

THE DYNAMICS OF A COTTON-GRASS (ERIOPHORUM VAGINATUM L.) COVER EXPANSION IN A VACUUM-MINED PEATLAND, SOUTHERN QUÉBEC, CANADA (2005)

Claude Lavoie, Kathleen Marcoux, Annie Saint-Louis, Jonathan S. Price

We studied from 1998 to 2003 the fine-scale vegetation dynamics of an abandoned vacuum-mined bog located in southern Québec in which cotton-grass (Eriophorum vaginatum) has become dominant. A water...

The Zero Bound on Nominal Interest Rates: Implications for the Optimal Monetary Policy in Canada

Claude Lavoie, Hope Pioro

The authors assess the performance of the Canadian economy under a variety of interest rate rules when the zero bound on nominal interest rates can bind. Their assessment is based on numerical...

Risques et conséquences d’atteindre la borne inférieure du taux d’intérêt nominal de court terme

Bernard Babineau, Claude Lavoie, Nicolas Moreau

This paper examines the implications of the zero bound on nominal interest rates on the central bank’s ability to stimulate the economy during downturns. The analysis is conducted using a...

A Multi-Sector Multi-Country Dynamic General Equilibrium Model With Imperfect Competition

Claude Lavoie, Marcel Mérette, Mokhtar Souissi

In this paper we describe in detail the general structure of a multi-country, multi-sector, dynamic general equilibrium model with imperfect competition. We also discuss the numerical data...

The Zero Bound on Nominal Interest Rates: Implications for Monetary Policy

Claude Lavoie, Stephen Murchison

One of the most important factors that must be considered if countries are thinking about lowering the target level of inflation much below 2 per cent is the zero interest bound. Targeting inflation...