E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T14:44:11+00:00The Case of Serial Disappointment
https://www.bankofcanada.ca/2016/07/staff-analytical-note-2016-10/
Similar to those of other forecasters, the Bank of Canada’s forecasts of global GDP growth have shown persistent negative errors over the past five years. This is in contrast to the pre-crisis period, when errors were consistently positive as global GDP surprised to the upside. All major regions have contributed to the forecast errors observed since 2011, although the United States has been the most persistent source of notable errors.2016-07-22T10:07:29+00:00enThe Case of Serial Disappointment2016-07-22Global Macro Risks in Currency Excess Returns
https://www.bankofcanada.ca/2016/07/staff-working-paper-2016-32/
We study a cross section of carry-trade-generated currency excess returns in terms of their exposure to global fundamental macroeconomic risk.2016-07-20T11:59:17+00:00enGlobal Macro Risks in Currency Excess Returns2016-07-20Asset pricingExchange ratesInterest ratesStaff Working Paper 2016-32https://www.bankofcanada.ca/wp-content/uploads/2016/07/swp2016-32.pdfGlobal Macro Risks in Currency Excess ReturnsKimberly BergNelson C. MarkJuly 2016EE2E21E4E43FF3F31GG1G12The US Labour Market: How Much Slack Remains?
https://www.bankofcanada.ca/2016/07/staff-analytical-note-2016-9/
Despite the US unemployment rate being close to estimates of the non-accelerating-inflation rate of unemployment (NAIRU), measures of underemployment remain elevated, which could be an indication of remaining labour market slack. The shares of involuntary part-time workers and long-term unemployment are high relative to the current stage of the business cycle, suggesting available labour inputs are being underutilized.2016-07-19T10:12:07+00:00enThe US Labour Market: How Much Slack Remains?2016-07-19Crude Oil Prices and Fixed-Asset Cash Spending in the Oil and Gas Industry: Findings from VAR Models
https://www.bankofcanada.ca/2016/07/staff-analytical-note-2016-8/
This note investigates the relationship between crude oil prices and investment in the energy sector. We employ a set of vector autoregression (VAR) models (unconstrained VAR, vector error-correction and Bayesian VAR) to formalize the relationship between the West Texas Intermediate (WTI) benchmark and fixed-asset cash spending in the oil and gas extraction and support activities sector of the Canadian economy.2016-07-18T13:47:04+00:00enCrude Oil Prices and Fixed-Asset Cash Spending in the Oil and Gas Industry: Findings from VAR Models2016-07-18Un examen plus approfondi des pressions salariales au Canada
https://www.bankofcanada.ca/2016/07/staff-analytical-note-2016-6/
In this note, we provide a brief outline of the recent developments in wage measures in Canada. We then assess whether wage growth is consistent with its fundamentals.2016-07-13T10:00:43+00:00enUn examen plus approfondi des pressions salariales au Canada2016-07-13