Firm dynamics - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T14:45:31+00:00Getting used to higher interest rates
https://www.bankofcanada.ca/2023/11/getting-used-to-higher-interest-rates/
Senior Deputy Governor Carolyn Rogers talks about why interest rates could settle at a higher level than Canadians are used to and why preparing early for that possible outcome is important.2023-11-09T14:56:23+00:00Getting used to higher interest rates2023-11-09Carolyn RogersFinancial stability in a world of higher interest rates
https://www.bankofcanada.ca/2023/11/financial-stability-in-a-world-of-higher-interest-rates/
Senior Deputy Governor Carolyn Rogers talks about financial stability in an era of higher interest rates.2023-11-09T11:45:54+00:00Financial stability in a world of higher interest rates2023-11-09Carolyn RogersIdentifying Nascent High-Growth Firms Using Machine Learning
https://www.bankofcanada.ca/2023/10/staff-working-paper-2023-53/
Firms that grow rapidly have the potential to usher in new innovations, products or processes (Kogan et al. 2017), become superstar firms (Haltiwanger et al. 2013) and impact the aggregate labour share (Autor et al. 2020; De Loecker et al. 2020). We explore the use of supervised machine learning techniques to identify a population of nascent high-growth firms using Canadian administrative firm-level data.2023-10-16T15:24:11+00:00enIdentifying Nascent High-Growth Firms Using Machine Learning2023-10-16Econometric and statistical methodsFirm dynamicsStaff Working Paper 2023-53https://www.bankofcanada.ca/wp-content/uploads/2023/10/swp2023-53.pdfIdentifying Nascent High-Growth Firms Using Machine LearningStephanie HouleRyan MacdonaldOctober 2023CC5C55C8C81LL2L25How price setting influences inflation
https://www.bankofcanada.ca/2023/10/how-price-setting-influences-inflation/
Deputy Governor Nicolas Vincent talks about how companies set their prices, how those practices changed during the pandemic and why this remains a risk for inflation.2023-10-03T08:40:30+00:00How price setting influences inflation2023-10-03Nicolas VincentUnderstanding the unusual: How firms set prices during periods of high inflation
https://www.bankofcanada.ca/2023/10/understanding-the-unusual-how-firms-set-prices-during-periods-of-high-inflation/
Deputy Governor Nicolas Vincent discusses how firms set their prices and how pricing behaviour changed in our recent environment of high inflation.2023-10-03T08:40:27+00:00Understanding the unusual: How firms set prices during periods of high inflation2023-10-03Nicolas VincentStaying the course
https://www.bankofcanada.ca/2023/09/staying-the-course-2/
Speaking a day after we decided to maintain the policy interest rate at 5%, Governor Tiff Macklem explores some key factors behind the decision. He also explains why the 2% inflation target supports a stable economy and greater prosperity for households and businesses.2023-09-07T16:15:52+00:00Staying the course2023-09-07Tiff MacklemEconomic progress report: Target in sight, but we’re not there yet
https://www.bankofcanada.ca/2023/09/economic-progress-report-target-in-sight-but-were-not-there-yet/
Bank of Canada Governor Tiff Macklem talks about the Bank’s latest interest rate announcement and what’s happening with inflation beyond the headline numbers. He also discusses why the Bank’s 2% inflation target is the right one.2023-09-07T13:55:45+00:00Economic progress report: Target in sight, but we’re not there yet2023-09-07Tiff MacklemLabour Supply and Firm Size
https://www.bankofcanada.ca/2023/08/staff-working-paper-2023-47/
This paper documents a systematic pattern of how wages, hours and their relationship vary across firms of different sizes. Using a model with heterogeneous firms and workers, we show how the interplay between wages, hours and firm size affect worker sorting and inequality.2023-08-25T10:06:58+00:00enLabour Supply and Firm Size2023-08-25Firm dynamicsLabour marketsStaff Working Paper 2023-47https://www.bankofcanada.ca/wp-content/uploads/2023/08/swp2023-47.pdfStaff Working Paper 2023-47Lin ShaoFaisal SohailEmircan YurdagulAugust 2023EE2E24JJ2J3J31Competition for Exclusivity and Customer Lock-in: Evidence from Copyright Enforcement in China
https://www.bankofcanada.ca/2023/08/staff-working-paper-2023-43/
This paper studies the music streaming industry and argues that having exclusive rights granted by copyright law drives firms to offer exclusive content to lock in customers. I employ theoretical and descriptive empirical analysis, along with a dynamic structural model, to support the argument and explore policies for improving competition.2023-08-16T11:11:34+00:00enCompetition for Exclusivity and Customer Lock-in: Evidence from Copyright Enforcement in China2023-08-16Econometric and statistical methodsFirm dynamicsMarket structure and pricingStaff Working Paper 2023-43https://www.bankofcanada.ca/wp-content/uploads/2023/08/swp2023-43.pdfStaff Working Paper 2023-43Youming LiuAugust 2023LL1L13L4L42L5L51The 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 inflation2023-08-01