R1 - General Regional Economics - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-28T23:04:16+00:00Unpacking Moving: A Quantitative Spatial Equilibrium Model with Wealth
https://www.bankofcanada.ca/2023/06/staff-working-paper-2023-34/
We propose a model to understand low observed migration rates by considering the interaction between location and wealth decisions. We look at different policies and find that temporary moving vouchers only slightly increase welfare, while lower housing regulations can decrease the welfare gap by lowering house prices nationwide.2023-06-12T10:32:23+00:00enUnpacking Moving: A Quantitative Spatial Equilibrium Model with Wealth2023-06-12HousingRegional economic developmentsStaff Working Paper 2023-34https://www.bankofcanada.ca/wp-content/uploads/2023/06/swp2023-34.pdfStaff Working Paper 2023-34Elisa GiannoneQi LiNuno PaixaoXinle PangJune 2023GG5G51RR1R12R13R2R3R31R5R52Canadian housing supply elasticities
https://www.bankofcanada.ca/2021/09/staff-analytical-note-2021-21/
We explain how housing supply elasticities for Canadian cities are estimated. The procedure we use exploits the systematic differences in various cities’ sensitivity to regional house-price cycles.2021-09-10T10:22:35+00:00enCanadian housing supply elasticities2021-09-10The Geography of Pandemic Containment
https://www.bankofcanada.ca/2021/06/staff-working-paper-2021-26/
Interconnectedness between US states has affected the evolution of the COVID-19 pandemic. We study the optimal containment policies regulating the movement of goods and people within and between states.2021-06-10T09:29:23+00:00enThe Geography of Pandemic Containment2021-06-10Coronavirus disease (COVID-19)Economic modelsRegional economic developmentsStaff Working Paper 2021-26https://www.bankofcanada.ca/wp-content/uploads/2021/06/swp2021-26.pdfStaff Working Paper 2021-26Elisa GiannoneNuno PaixaoXinle PangJune 2021FF1HH0II1RR1COVID-19 and Implications for Automation
https://www.bankofcanada.ca/2021/05/staff-working-paper-2021-25/
Occupations held by females with mid-level education face the highest risk of accelerated automation as a result of the COVID-19 pandemic.2021-05-31T12:38:36+00:00enCOVID-19 and Implications for Automation2021-05-31Coronavirus disease (COVID-19)International topicsLabour marketsStaff Working Paper 2021-25https://www.bankofcanada.ca/wp-content/uploads/2021/05/swp2021-25.pdfCOVID-19 and Implications for AutomationAlex ChernoffCasey WarmanMay 2021II1I14I2I24JJ1J15J16RR1R12The Bank of Canada COVID‑19 stringency index: measuring policy response across provinces
https://www.bankofcanada.ca/2021/02/staff-analytical-note-2021-1/
We construct an index that systematically measures and tracks the stringency of government policy responses to the COVID-19 pandemic across Canadian provinces. Researchers can use this stringency index to analyze how the pandemic is affecting the economy.2021-02-26T14:00:34+00:00enThe Bank of Canada COVID‑19 stringency index: measuring policy response across provinces2021-02-26Local Labor Markets in Canada and the United States
https://www.bankofcanada.ca/2019/03/staff-working-paper-2019-12/
We examine local labor markets in the United States and Canada from 1990 to 2011 using comparable household and business data. Wage levels and inequality rise with city population in both countries, albeit less in Canada.2019-03-29T15:22:10+00:00enLocal Labor Markets in Canada and the United States2019-03-29Labour marketsStaff Working Paper 2019-12https://www.bankofcanada.ca/wp-content/uploads/2019/04/swp2019-12.pdfLocal Labor Markets in Canada and the United StatesDavid AlbouyAlex ChernoffChandler LutzCasey WarmanMarch 2019JJ2J21J3J31J6J61NN3N32RR1R12The Propagation of Regional Shocks in Housing Markets: Evidence from Oil Price Shocks in Canada
https://www.bankofcanada.ca/2018/11/staff-working-paper-2018-56/
How do global oil price shocks spread through Canada’s economy? With Canada’s regionally diverse economy in mind, we explore the implications of oil price shocks for Canadian housing markets and regional economies. We show that the belief that oil price shocks only matter in oil-rich regions is false.2018-11-27T08:25:21+00:00enThe Propagation of Regional Shocks in Housing Markets: Evidence from Oil Price Shocks in Canada2018-11-27Econometric and statistical methodsHousingInternational topicsLabour marketsRegional economic developmentsStaff Working Paper 2018-56https://www.bankofcanada.ca/wp-content/uploads/2018/11/swp2018-56.pdfThe Propagation of Regional Shocks in Housing Markets: Evidence from Oil Price Shocks in CanadaLutz KilianXiaoqing ZhouNovember 2018FF4F43QQ3Q33Q4Q43RR1R12R3R31Firm Heterogeneity, Technological Adoption, and Urbanization: Theory and Measurement
https://www.bankofcanada.ca/2017/07/staff-working-paper-2017-27/
This paper develops a model of firm heterogeneity, technological adoption, and urbanization. In the model, welfare is measured by household real income, and urbanization is measured by population density. I use the model to derive statistics that measure the effect of a new technology on productivity, welfare, and urbanization.2017-07-19T16:46:02+00:00enFirm Heterogeneity, Technological Adoption, and Urbanization: Theory and Measurement2017-07-19Economic modelsProductivityRegional economic developmentsStaff Working Paper 2017-27https://www.bankofcanada.ca/wp-content/uploads/2017/07/swp2017-27.pdfFirm Heterogeneity, Technological Adoption, and Urbanization: Theory and MeasurementAlex ChernoffJuly 2017NN6N61OO1O14RR1R13A Three‐Frequency Dynamic Factor Model for Nowcasting Canadian Provincial GDP Growth
https://www.bankofcanada.ca/2017/06/staff-discussion-paper-2017-8/
This paper estimates a three‐frequency dynamic factor model for nowcasting Canadian provincial gross domestic product (GDP). Canadian provincial GDP is released by Statistics Canada on an annual basis only, with a significant lag (11 months).2017-06-12T11:50:01+00:00enA Three‐Frequency Dynamic Factor Model for Nowcasting Canadian Provincial GDP Growth2017-06-12Business fluctuations and cyclesEconometric and statistical methodsRegional economic developmentsStaff Discussion Paper 2017-8https://www.bankofcanada.ca/wp-content/uploads/2017/06/sdp2017-8.pdfA Three‐Frequency Dynamic Factor Model for Nowcasting Canadian Provincial GDP GrowthTony ChernisGabriella VelascoCalista CheungJune 2017CC5C53EE3E32E37RR1R11