Staff working papers - Bank of Canada
https://www.bankofcanada.ca/rss-feeds/
Bank of Canada RSS Feedsen2024-03-29T13:21:36+00:00Global Inflation Dynamics in the Post-Crisis Period: What Explains the Twin Puzzle?
https://www.bankofcanada.ca/2014/08/working-paper-2014-36/
Inflation dynamics in advanced countries have produced two consecutive puzzles during the years after the global financial crisis. The first puzzle emerged when inflation rates over the period 2009-11 were consistently higher than expected, although economic slack in advanced countries reached its highest level in recent history.2014-08-11T15:54:07+00:00enGlobal Inflation Dynamics in the Post-Crisis Period: What Explains the Twin Puzzle?2014-08-11Fiscal policyInflation and pricesInternational topicsWorking Paper 2014-36https://www.bankofcanada.ca/wp-content/uploads/2014/08/wp2014-36.pdfGlobal Inflation Dynamics in the Post-Crisis Period: What Explains the Twin Puzzle?Christian FriedrichAugust 2014EE3E31E5FF4F41Search Frictions, Financial Frictions and Labour Market Fluctuations in Emerging Markets
https://www.bankofcanada.ca/2014/08/working-paper-2014-35/
This paper examines the role of the extensive and intensive margins of labour input in the context of a business cycle model with a financial friction. We document significant variation in the hours worked per worker for many emerging-market economies. Both employment and hours worked per worker are positively correlated with each other and with output.2014-08-08T11:15:11+00:00enSearch Frictions, Financial Frictions and Labour Market Fluctuations in Emerging Markets2014-08-08Business fluctuations and cyclesDevelopment economicsInterest ratesInternational topicsLabour marketsWorking Paper 2014-35https://www.bankofcanada.ca/wp-content/uploads/2014/08/wp2014-35.pdfSearch Frictions, Financial Frictions and Labour Market Fluctuations in Emerging MarketsSumru AltugSerdar KabacaAugust 2014EE4E44FF4F41JJ4J40Housework and Fiscal Expansions
https://www.bankofcanada.ca/2014/08/working-paper-2014-34/
We build an otherwise-standard business cycle model with housework, calibrated consistently with data on time use, in order to discipline consumption-hours complementarity and relate its strength to the size of fiscal multipliers.2014-08-08T10:51:51+00:00enHousework and Fiscal Expansions2014-08-08Business fluctuations and cyclesFiscal policyWorking Paper 2014-34https://www.bankofcanada.ca/wp-content/uploads/2014/08/wp2014-34.pdfHousework and Fiscal ExpansionsStefano GnocchiDaniela HauserEvi PappaAugust 2014EE2E24E3E32E5E52E6E62Competition in the Cryptocurrency Market
https://www.bankofcanada.ca/2014/08/working-paper-2014-33/
We analyze how network effects affect competition in the nascent cryptocurrency market. We do so by examining the changes over time in exchange rate data among cryptocurrencies.2014-08-05T14:24:14+00:00enCompetition in the Cryptocurrency Market2014-08-05Digital currencies and fintechWorking Paper 2014-33https://www.bankofcanada.ca/wp-content/uploads/2014/08/wp2014-33.pdfCompetition in the Cryptocurrency MarketNeil GandalHanna HalaburdaAugust 2014LL1Commodity Price Co-Movement and Global Economic Activity
https://www.bankofcanada.ca/2014/08/working-paper-2014-32/
Guided by a macroeconomic model in which non-energy commodity prices are endogenously determined, we apply a new factor-based identification strategy to decompose the historical sources of changes in commodity prices and global economic activity.2014-08-05T13:39:35+00:00enCommodity Price Co-Movement and Global Economic Activity2014-08-05Economic modelsInternational topicsWorking Paper 2014-32https://www.bankofcanada.ca/wp-content/uploads/2014/08/wp2014-32.pdfCommodity Price Co-Movement and Global Economic ActivityRon AlquistOlivier CoibionAugust 2014EE3FF4