E - Macroeconomics and Monetary Economics - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T08:52:46+00:00The G-20 Framework for Strong, Sustainable and Balanced Growth: Macroeconomic Coordination Since the Crisis
https://www.bankofcanada.ca/wp-content/uploads/2013/02/boc-review-winter-12-13-lavigne.pdf
Since 2009, the G-20 Framework for Strong, Sustainable and Balanced Growth has provided a mechanism for international macroeconomic policy coordination. The Framework has had some successes, including agreement on objectives for fiscal consolidation. However, post-crisis global growth has been neither strong nor balanced. Progress has also been slow in developing credible fiscal consolidation plans in some advanced countries and in increasing exchange rate flexibility in certain emerging economies. A stronger peer review process and enhanced analysis of international spillovers would increase the Framework’s influence on member policies.2013-02-21T10:32:15+00:00enThe G-20 Framework for Strong, Sustainable and Balanced Growth: Macroeconomic Coordination Since the Crisis2013-02-21The U.S. Recovery from the Great Recession: A Story of Debt and Deleveraging
https://www.bankofcanada.ca/wp-content/uploads/2013/02/boc-review-winter-12-13-lavender.pdf
The U.S. recovery from the Great Recession has been slow relative to other postwar-era recoveries in the United States. Encouraged by loose lending standards in the pre-crisis period, U.S. households took on unsustainable amounts of debt, making them vulnerable to adverse shocks. Subsequently, a considerable drop in asset prices forced households to repair their balance sheets. While there has been progress in household deleveraging, the government sector now needs to delever, which will restrain growth over the next few years.2013-02-21T10:31:30+00:00enThe U.S. Recovery from the Great Recession: A Story of Debt and Deleveraging2013-02-21Asking About Wages: Results from the Bank of Canada’s Wage Setting Survey of Canadian Companies
https://www.bankofcanada.ca/2013/02/discussion-paper-2013-1/
The Bank of Canada conducted a Wage Setting Survey with a sample of 200 private sector firms from mid-October 2007 to May 2008. Results indicate that wage adjustments for the Canadian non-union private workforce are overwhelmingly time dependent, with a fixed duration of one year, and are clustered in the first four months of the year, suggesting that wage stickiness may not be constant over the year.2013-02-01T13:41:03+00:00enAsking About Wages: Results from the Bank of Canada’s Wage Setting Survey of Canadian Companies2013-02-01Labour marketsMonetary policy transmissionDiscussion Paper 2013-1https://www.bankofcanada.ca/wp-content/uploads/2013/02/dp2013-01.pdfAsking About Wages: Results from the Bank of Canada’s Wage Setting Survey of Canadian CompaniesDavid AmiraultPaul FentonThérèse LaflècheFebruary 2013EE2E24JJ3J33MM5M52