D22 - Firm Behavior: Empirical Analysis - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T09:42:12+00:00COVID-19 Hasn’t Killed Merchant Acceptance of Cash: Results from the 2023 Merchant Acceptance Survey
https://www.bankofcanada.ca/2024/03/staff-discussion-paper-2024-2/
The Bank of Canada’s Merchant Acceptance Survey finds that 96% of small and medium-sized businesses in Canada accepted cash in 2023. Acceptance of debit and credit cards has increased to 89%, and acceptance of digital payments has also increased. However, Canada is far from being a cashless society.2024-03-25T12:20:03+00:00enCOVID-19 Hasn’t Killed Merchant Acceptance of Cash: Results from the 2023 Merchant Acceptance Survey2024-03-25Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2024-2https://www.bankofcanada.ca/wp-content/uploads/2024/03/sdp2024-2.pdfCOVID-19 Hasn’t Killed Merchant Acceptance of Cash: Results from the 2023 Merchant Acceptance SurveyAngelika WelteKatrina TalaveraLiang WangJoy WuMarch 2024CC8DD2D22EE4LL2The contribution of firm profits to the recent rise in inflation
https://www.bankofcanada.ca/2023/08/staff-analytical-note-2023-12/
We measure the contribution to inflation from the growth in markups of Canadian firms. The dynamics of inflation and markups suggest that changes in markups could account for less than one-tenth of inflation in 2021. Further, they suggest that peak inflation was driven primarily by changes in the costs of firms.2023-08-01T12:00:51+00:00enThe contribution of firm profits to the recent rise in inflation2023-08-01SME Failures Under Large Liquidity Shocks: An Application to the COVID-19 Crisis
https://www.bankofcanada.ca/2023/06/staff-working-paper-2023-32/
We study the effects of financial frictions on firm exit when firms face large liquidity shocks. We develop a simple model of firm cost-minimization that introduces a financial friction that limits firms’ borrowing capacity to smooth temporary shocks to liquidity.2023-06-09T09:39:02+00:00enSME Failures Under Large Liquidity Shocks: An Application to the COVID-19 Crisis2023-06-09Coronavirus disease (COVID-19)Firm dynamicsInternational topicsStaff Working Paper 2023-32https://www.bankofcanada.ca/wp-content/uploads/2023/06/swp2023-32.pdfStaff Working Paper 2023-32Pierre-Olivier GourinchasŞebnem Kalemli-ÖzcanVeronika PenciakovaNicholas SanderJune 2023DD2D21D22EE6E65HH8H81Firms’ inflation expectations and price-setting behaviour in Canada: Evidence from a business survey
https://www.bankofcanada.ca/2023/02/staff-analytical-note-2023-3/
Canadian firms’ expectations for high inflation may be influencing their price setting, supporting strong price growth and delays in the transmission of monetary policy. Using data from the Business Outlook Survey, we investigate the reasons behind widespread price growth seen in Canada in 2021 and early 2022.2023-02-27T10:48:42+00:00enFirms’ inflation expectations and price-setting behaviour in Canada: Evidence from a business survey2023-02-27The 2021–22 Merchant Acceptance Survey Pilot Study
https://www.bankofcanada.ca/2023/01/staff-discussion-paper-2023-1/
The rise in digital payment innovations has spurred a discussion about the future of cash at the point of sale. The Bank conducted the 2021–22 Merchant Acceptance Survey Pilot Study to study trends in merchant cash acceptance and monitor conditions for the potential issuance of a central bank digital currency.2023-01-04T16:05:17+00:00enThe 2021–22 Merchant Acceptance Survey Pilot Study2023-01-04Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2023-1https://www.bankofcanada.ca/wp-content/uploads/2023/01/sdp2023-01.pdfStaff Discussion Paper 2023-1Angelika WelteJoy WuJanuary 2023CC8DD2D22EE4LL2CANVAS: A Canadian Behavioral Agent-Based Model
https://www.bankofcanada.ca/2022/12/staff-working-paper-2022-51/
The Bank of Canada’s current suite of models faces challenges in addressing network effects that integrate household and firm-level heterogeneity and their behaviours. We develop CANVAS, a Canadian behavioural agent-based model to contribute to the Bank’s next-generation modelling effort. CANVAS improves forecasting performance and expands capacity for model-based scenario analysis.2022-12-20T08:40:00+00:00enCANVAS: A Canadian Behavioral Agent-Based Model2022-12-20Central bank researchEconometric and statistical methodsEconomic modelsFirm dynamicsInflation and pricesStaff Working Paper 2022-51https://www.bankofcanada.ca/wp-content/uploads/2022/12/swp2022-51.pdfCANVAS: A Canadian Behavioral Agent-Based ModelCars HommesMario HeSebastian PolednaMelissa SiqueiraYang ZhangDecember 2022CDD2D22D8D83EE1E17The Business Leaders’ Pulse—An Online Business Survey
https://www.bankofcanada.ca/2022/06/staff-discussion-paper-2022-14/
This paper introduces the Business Leaders’ Pulse, a new online survey conducted each month. It is designed to provide timely and flexible input into the Bank of Canada’s monetary policy decision making by asking firms about their sales and employment growth expectations, the risks to their business outlook, and topical questions that address specific information needs of the Bank.2022-06-30T14:29:35+00:00enThe Business Leaders’ Pulse—An Online Business Survey2022-06-30Monetary policy and uncertaintyRecent economic and financial developmentsStaff Discussion Paper 2022-14https://www.bankofcanada.ca/wp-content/uploads/2022/06/sdp2022-14.pdfStaff Discussion Paper 2022-14Tony ChernisChris D'SouzaKevin MacLeanTasha ReaderJoshua SliveFarrukh SuvankulovJune 2022CC8C83DD2D22EE3E32Business Closures and (Re)Openings in Real Time Using Google Places
https://www.bankofcanada.ca/2022/01/staff-working-paper-2022-1/
The COVID-19 pandemic highlighted the need for policy-makers to closely monitor disruptions to the retail and food business sectors. We present a new method to measure business opening and closing rates using real-time data from Google Places, the dataset behind the Google Maps service.2022-01-04T13:42:26+00:00enBusiness Closures and (Re)Openings in Real Time Using Google Places2022-01-04Firm dynamicsRecent economic and financial developmentsStaff Working Paper 2022-1https://www.bankofcanada.ca/wp-content/uploads/2022/01/swp2022-1.pdfBusiness Closures and (Re)Openings in Real Time Using Google PlacesThibaut DupreyDaniel E. RigobonPhilip SchnattingerArtur KotlickiSoheil BaharianT. R. HurdJanuary 2022CC5C55C8C81DD2D22EE3E32What Can Stockouts Tell Us About Inflation? Evidence from Online Micro Data
https://www.bankofcanada.ca/2021/10/staff-working-paper-2021-52/
Did supply disruptions and cost pressures play a role in rising inflation in 2020 during the COVID-19 pandemic? Using data collected from websites of large retailers in multiple sectors and countries, we show that shortages may indicate transitory inflationary pressures.2021-10-18T13:05:03+00:00enWhat Can Stockouts Tell Us About Inflation? Evidence from Online Micro Data2021-10-18Coronavirus disease (COVID-19)Inflation and pricesStaff Working Paper 2021-52https://www.bankofcanada.ca/wp-content/uploads/2021/10/swp2021-52.pdfWhat Can Stockouts Tell Us About Inflation? Evidence from Online Micro DataAlberto CavalloOleksiy KryvtsovOctober 2021DD2D22EE3E31E37Small and smaller: How the economic outlook of small firms relates to size
https://www.bankofcanada.ca/2021/07/staff-analytical-note-2021-14/
Firms with fewer than 100 workers employ about 65 percent of the total labour force in Canada. An online survey experiment was conducted with firms of this size in Canada in 2018–19. We compare the responses of small and micro firms to explore how their characteristics and economic outlooks relate to their size.2021-07-05T13:59:28+00:00enSmall and smaller: How the economic outlook of small firms relates to size2021-07-05