Research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T19:17:37+00:00Nowcasting BRIC+M in Real Time
https://www.bankofcanada.ca/2015/10/working-paper-2015-38/
Emerging-market economies have become increasingly important in driving global GDP growth over the past 10 to 15 years. This has made timely and accurate assessment of current and future economic activity in emerging markets important for policy-makers not only in these countries but also in advanced economies.2015-10-28T09:31:09+00:00enNowcasting BRIC+M in Real Time2015-10-28Econometric and statistical methodsInternational topicsWorking Paper 2015-38https://www.bankofcanada.ca/wp-content/uploads/2015/10/wp-2015-38.pdfNowcasting BRIC+M in Real TimeTatjana DahlhausJustin-Damien GuénetteGarima VasishthaOctober 2015CC3C33C5C53EE3E37A Comprehensive Evaluation of Measures of Core Inflation for Canada
https://www.bankofcanada.ca/2015/10/discussion-paper-2015-12/
This paper evaluates the usefulness of various measures of core inflation for the conduct of monetary policy. Traditional exclusion-based measures of core inflation are found to perform relatively poorly across a range of evaluation criteria, in part due to their inability to filter unanticipated transitory shocks.2015-10-27T09:54:20+00:00enA Comprehensive Evaluation of Measures of Core Inflation for Canada2015-10-27Inflation and pricesMonetary policy frameworkDiscussion Paper 2015-12https://www.bankofcanada.ca/wp-content/uploads/2015/10/dp2015-12.pdfA Comprehensive Evaluation of Measures of Core Inflation for CanadaMikael KhanLouis MorelPatrick SabourinOctober 2015EE3E31E5E52Domestic and Multilateral Effects of Capital Controls in Emerging Markets
https://www.bankofcanada.ca/2015/10/working-paper-2015-37/
Using a novel data set on capital control actions in 17 emerging-market economies (EMEs) over the period 2001–11, we provide new evidence on domestic and multilateral (or spillover) effects of capital controls.2015-10-23T10:31:48+00:00enDomestic and Multilateral Effects of Capital Controls in Emerging Markets2015-10-23Econometric and statistical methodsFinancial system regulation and policiesInternational financial marketsInternational topicsMonetary policy frameworkWorking Paper 2015-37https://www.bankofcanada.ca/wp-content/uploads/2015/10/wp2015-37.pdfDomestic and Multilateral Effects of Capital Controls in Emerging MarketsGurnain PasrichaMatteo FalagiardaMartin BijsterboschJoshua AizenmanOctober 2015FF3F32F4F41F42GG1G15Trends in Firm Entry and New Entrepreneurship in Canada
https://www.bankofcanada.ca/2015/10/discussion-paper-2015-11/
Recently released data show downward trends for both the firm entry rate and the rate of new entrepreneurship since the early 1980s in Canada. This paper documents these trends and discusses potential explanations.2015-10-22T12:15:12+00:00enTrends in Firm Entry and New Entrepreneurship in Canada2015-10-22Firm dynamicsMarket structure and pricingProductivityDiscussion Paper 2015-11https://www.bankofcanada.ca/wp-content/uploads/2015/10/dp2015-11.pdfTrends in Firm Entry and New Entrepreneurship in CanadaShutao CaoMohanad SalamehMai SekiPierre St-AmantOctober 2015LL1L11MM1M13Downside Variance Risk Premium
https://www.bankofcanada.ca/2015/10/working-paper-2015-36/
We decompose the variance risk premium into upside and downside variance risk premia. These components reflect market compensation for changes in good and bad uncertainties. Their difference is a measure of the skewness risk premium (SRP), which captures asymmetric views on favorable versus undesirable risks.2015-10-22T10:52:04+00:00enDownside Variance Risk Premium2015-10-22Asset pricingWorking Paper 2015-36https://www.bankofcanada.ca/wp-content/uploads/2015/10/wp2015-36.pdfDownside Variance Risk PremiumBruno FeunouMohammad R. Jahan-ParvarCédric OkouOctober 2015GG1G12An Update - Canadian Non-Energy Exports: Past Performance and Future Prospects
https://www.bankofcanada.ca/2015/10/discussion-paper-2015-10/
In light of the fact that Canada was continuing to lose market share in the United States, Binette, de Munnik and Gouin-Bonenfant (2014) studied 31 Canadian non-energy export (NEX) categories to assess their individual performance.2015-10-20T14:11:37+00:00enAn Update - Canadian Non-Energy Exports: Past Performance and Future Prospects2015-10-20Balance of payments and componentsExchange ratesInternational topicsDiscussion Paper 2015-10https://www.bankofcanada.ca/wp-content/uploads/2015/10/dp2015-101.pdfAn Update - Canadian Non-Energy Exports: Past Performance and Future ProspectsAndré BinetteDaniel de MunnikJulie MelansonOctober 2015FF1F10F14F4F43Exchange Rate Pass-Through to Consumer Prices: Theory and Recent Evidence
https://www.bankofcanada.ca/2015/10/discussion-paper-2015-9/
In an open economy such as Canada’s, exchange rate movements can have a material impact on consumer prices. This is particularly important in the current context, with the significant depreciation of the Canadian dollar vis-a-vis the U.S. dollar since late 2012.2015-10-20T14:11:21+00:00enExchange Rate Pass-Through to Consumer Prices: Theory and Recent Evidence2015-10-20Exchange ratesInflation and pricesDiscussion Paper 2015-9https://www.bankofcanada.ca/wp-content/uploads/2015/10/dp2015-91.pdfExchange Rate Pass-Through to Consumer Prices: Theory and Recent EvidenceLaurence Savoie-ChabotMikael KhanOctober 2015EE3E31E5E52FF3F31The Optimal Level of the Inflation Target: A Selective Review of the Literature and Outstanding Issues
https://www.bankofcanada.ca/2015/10/discussion-paper-2015-8/
Bank of Canada research done prior to the most recent renewal of the inflation-control agreement in 2011 concluded that the benefits associated with a target below 2 per cent were insufficient to justify the increased risk of being constrained by the zero lower bound (ZLB) on nominal interest rates.2015-10-01T10:48:49+00:00enThe Optimal Level of the Inflation Target: A Selective Review of the Literature and Outstanding Issues2015-10-01Inflation targetsInflation: costs and benefitsMonetary policy frameworkDiscussion Paper 2015-8https://www.bankofcanada.ca/wp-content/uploads/2015/10/dp2015-8.pdfThe Optimal Level of the Inflation Target: A Selective Review of the Literature and Outstanding IssuesOleksiy KryvtsovRhys R. MendesOctober 2015EE5E52E58