E0 - General - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T12:09:57+00:00An Overview of the Indigenous Economy in Canada
https://www.bankofcanada.ca/2023/10/staff-discussion-paper-2023-25/
Several measures suggest economic outcomes have improved for Indigenous Peoples in recent decades. Yet, institutional settings and gaps in infrastructure and financing continue to hinder their economic progress. Recent efforts have helped address some data gaps, and new institutions are helping Indigenous communities to overcome historic barriers to growth.2023-10-13T12:25:29+00:00enAn Overview of the Indigenous Economy in Canada2023-10-13Central bank researchDevelopment economicsFinancial servicesLabour marketsMonetary policy transmissionRegional economic developmentsStaff Discussion Paper 2023-25https://www.bankofcanada.ca/wp-content/uploads/2023/10/sdp2023-25.pdfAn Overview of the Indigenous Economy in CanadaAlex ChernoffCalista CheungOctober 2023EE0E01E02NN4N41N42OO4O43PP4P48Digitalization: Definition and Measurement
https://www.bankofcanada.ca/2023/09/staff-discussion-paper-2023-20/
This paper provides an overview of digitalization and its economic implications. We assess the scope of digitalization in Canada as well as the challenges related to its measurement.2023-09-20T13:55:08+00:00enDigitalization: Definition and Measurement2023-09-20DigitalizationPotential outputStaff Discussion Paper 2023-20https://www.bankofcanada.ca/wp-content/uploads/2023/09/sdp2023-20.pdfStaff Discussion Paper 2023-20Guyllaume FaucherStephanie HouleSeptember 2023EE0E01OO3O33O5O51The Central Bank Strikes Back! Credibility of Monetary Policy under Fiscal Influence
https://www.bankofcanada.ca/2022/03/staff-working-paper-2022-11/
Central banks in many advanced economies enjoy a high degree of independence, which protects monetary policy decisions from political influence. But how should independent central banks react if pressured by fiscal policy-makers? We examine whether a central bank should design a monetary policy framework that prescribes acting conditionally on how fiscal policy behaves.2022-03-04T11:26:44+00:00enThe Central Bank Strikes Back! Credibility of Monetary Policy under Fiscal Influence2022-03-04CredibilityFiscal policyMonetary policyStaff Working Paper 2022-11https://www.bankofcanada.ca/wp-content/uploads/2022/03/swp2022-11.pdfThe Central Bank Strikes Back! Credibility of Monetary Policy under Fiscal InfluenceAntoine CamousDmitry MatveevMarch 2022EE0E02E5E52E58E6E61E62Overlooking the online world: Does mismeasurement of the digital economy explain the productivity slowdown?
https://www.bankofcanada.ca/2021/05/staff-analytical-note-2021-10/
Since the mid-2000s, labour productivity has slowed down in Canada despite enormous technological advances that were expected to improve it. This note investigates whether mismeasurement of the digital economy can explain this paradox.2021-05-25T12:04:35+00:00enOverlooking the online world: Does mismeasurement of the digital economy explain the productivity slowdown?2021-05-25Potential output in Canada: 2020 reassessment
https://www.bankofcanada.ca/2020/10/staff-analytical-note-2020-25/
After COVID-19, we expect potential output growth to stabilize around 1.2 percent. This is lower than the 2010–18 average growth of 1.8 percent. Relative to the April 2019 reassessment, the growth profile is revised down. Given the unknown course of the pandemic, uncertainty around these estimates is higher than in previous years.2020-10-22T07:33:34+00:00enPotential output in Canada: 2020 reassessment2020-10-22Potential Output in Canada: 2019 Reassessment
https://www.bankofcanada.ca/2019/04/staff-analytical-note-2019-10/
Potential output is expected to grow on average at 1.8 per cent over 2019–21 and at 1.9 per cent in 2022. While the contribution of trend labour input to potential output growth is expected to decrease between 2019 and 2022, the contribution of trend labour productivity is projected to increase.2019-04-17T11:03:16+00:00enPotential Output in Canada: 2019 Reassessment2019-04-17Canada’s Monetary Policy Report: If Text Could Speak, What Would It Say?
https://www.bankofcanada.ca/2019/02/staff-analytical-note-2019-5/
This note analyzes the evolution of the narrative in the Bank of Canada’s Monetary Policy Report (MPR). It presents descriptive statistics on the core text, including length, most frequently used words and readability level—the three Ls. Although each Governor of the Bank of Canada focuses on the macroeconomic events of the day and the mandate of inflation targeting, we observe that the language used in the MPR varies somewhat from one Governor’s tenure to the next.2019-02-06T10:39:30+00:00enCanada’s Monetary Policy Report: If Text Could Speak, What Would It Say?2019-02-06GDP by Industry in Real Time: Are Revisions Well Behaved?
https://www.bankofcanada.ca/2018/12/staff-analytical-note-2018-40/
The monthly data for real gross domestic product (GDP) by industry are used extensively in real time both to ground the Bank of Canada’s monitoring of economic activity and in the Bank’s nowcasting tools, making these data one of the most important high-frequency time series for Canadian nowcasting.2018-12-06T12:18:19+00:00enGDP by Industry in Real Time: Are Revisions Well Behaved?2018-12-06An Alternative Estimate of Canadian Potential Output: The Multivariate State-Space Framework
https://www.bankofcanada.ca/2018/11/staff-discussion-paper-2018-14/
In this paper, we extend the state-space methodology proposed by Blagrave et al. (2015) and decompose Canadian potential output into trend labour productivity and trend labour input. As in Blagrave et al. (2015), we include output growth and inflation expectations from consensus forecasts to help refine our estimates.2018-11-23T09:53:57+00:00enAn Alternative Estimate of Canadian Potential Output: The Multivariate State-Space Framework2018-11-23Economic modelsPotential outputStaff Discussion Paper 2018-14https://www.bankofcanada.ca/wp-content/uploads/2018/11/SDP2018-14.pdfAn Alternative Estimate of Canadian Potential Output: The Multivariate State-Space FrameworkLise PichetteMaria BernierMarie-Noëlle RobitailleNovember 2018CC5EE0E5The Framework for Risk Identification and Assessment
https://www.bankofcanada.ca/2018/11/technical-report-113/
Risk assessment models are an important component of the Bank’s analytical tool kit for assessing the resilience of the financial system. We describe the Framework for Risk Identification and Assessment (FRIDA), a suite of models developed at the Bank of Canada to quantify the impact of financial stability risks to the broader economy and a range of financial system participants (households, businesses and banks).2018-11-13T11:51:05+00:00enThe Framework for Risk Identification and Assessment2018-11-13Economic modelsFinancial institutionsFinancial stabilityHousingTechnical Report 113https://www.bankofcanada.ca/wp-content/uploads/2018/11/tr113.pdfThe Framework for Risk Identification and AssessmentCameron MacDonaldVirginie TracletNovember 2018CC3C5C6C7DD1EE0E00E2E27E3E37E4E47GG0G2G21