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2010-11-08
Landon, Stuart, Smith, Constance E.
[...] withdrawals would be based on the stock of assets in the fund, which depend on contributions from all previous years. Since this stock is unlikely to change much from year to year, withdrawals from the fund would be quite stable.
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1986-01-01
Purvis, Douglas D., Smith, Constance E.
This study takes as its basic premise that, although monetary policy in Canada during the post-second World War period has been extensively documented and analyzed, the broad strategies and outcomes of fiscal policy are not as well documented or understood. As a result, a large part of the study...
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Managing uncertainty: The search for a golden discount-rate rule for defined-benefit pensions
Download2019-01-01
Landon, Stuart, Smith, Constance E.
This Commentary examines how the choice of a pension plan discount rate affects the tradeoff between the risk of holding insufficient assets to pay promised benefits and the cost of acquiring more assets. The choice of discount rate can have a dramatic effect on the value of a plan’s liabilities...
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2006-10-01
Landon, Stuart, Smith, Constance E.
This study, conducted by Stuart Landon and Constance E. Smith of the University of Alberta, aims to understand the critical factors influencing capital investment. The results show that, for the average country in the sample of 17 developed OECD economies (including Canada), a currency...