February 9, 2022
Productivity
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February 9, 2022
Producing growth with less inflation
Governor Tiff Macklem discusses how—by investing in technology and people—businesses can help the economy grow more with less inflation. -
December 24, 2021
Understanding the output gap
The output gap is the difference between what an economy actually produces and what it would produce in an ideal world. -
December 24, 2021
Understanding productivity
High productivity helps raise our standard of living and keep our economy competitive. -
Job Applications and Labour Market Flows
Although the number of job applications has risen, job-finding rates remain relatively unchanged while job-separation rates have significantly declined. Rather than raising the probability of finding a job, we find that a rise in applications raises the probability of finding a good match, as evidenced by the decline in separation rates. -
June 10, 2021
Going digital has helped the economy through COVID-19
Deputy Governor Timothy Lane talks about the Bank’s decision yesterday to leave the policy rate unchanged. He also discusses how adopting digital technologies supported resilience during the COVID-19 pandemic. -
June 10, 2021
The digital transformation and Canada’s economic resilience
Deputy Governor Tim Lane talks about the Bank’s latest interest rate announcement and discusses how the digital transformation has supported resilience through the pandemic and may be adding to the economy’s growth potential. -
Overlooking the online world: Does mismeasurement of the digital economy explain the productivity slowdown?
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. -
Four Decades of Canadian Earnings Inequality and Dynamics Across Workers and Firms
We use four decades of Canadian matched employer-employee data to explore how inequality and the dynamics of individual earnings have evolved over time in Canada. We also examine how the earnings growth of individuals is related to the growth of their employers. -
Potential output and the neutral rate in Canada: 2021 update
We expect potential output growth to be higher than in the October 2020 reassessment. By 2024, growth will be slightly above its average growth from 2010 to 2019. We assess that the Canadian nominal neutral rate continues to lie in the range of 1.75 to 2.75 percent.