E24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T20:19:47+00:00Firm-Specific Shocks and Aggregate Fluctuations
https://www.bankofcanada.ca/2016/11/staff-working-paper-2016-51/
In order to understand what drives aggregate fluctuations, many macroeconomic models point to aggregate shocks and discount the contribution of firm-specific shocks. Recent research from other developed countries, however, has found that aggregate fluctuations are in part driven by idiosyncratic shocks to large firms.2016-11-21T07:38:15+00:00enFirm-Specific Shocks and Aggregate Fluctuations2016-11-21Business fluctuations and cyclesFirm dynamicsMarket structure and pricingStaff Working Paper 2016-51https://www.bankofcanada.ca/wp-content/uploads/2016/11/swp2016-51.pdfFirm-Specific Shocks and Aggregate FluctuationsLeonid KarasikDanny LeungBen TomlinNovember 2016EE2E22E23E24E3LL6Downward Nominal Wage Rigidity in Canada: Evidence from Micro- Level Data
https://www.bankofcanada.ca/2016/08/staff-working-paper-2016-40/
We assess the importance of downward nominal wage rigidity (DNWR) in Canada using both firm- and worker-level microdata. In particular, we analyze employer-level administrative data from the Major Wage Settlements (MWS) and household-based survey data from the Survey of Labour Income Dynamics (SLID).2016-08-18T14:38:46+00:00enDownward Nominal Wage Rigidity in Canada: Evidence from Micro- Level Data2016-08-18Econometric and statistical methodsLabour marketsStaff Working Paper 2016-40https://www.bankofcanada.ca/wp-content/uploads/2016/08/swp-2016-40.pdfDownward Nominal Wage Rigidity in Canada: Evidence from Micro- Level DataDany BrouilletteOlena KostyshynaNatalia KyuiAugust 2016EE2E24JJ3J30The 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?2016-07-19Un 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 Canada2016-07-13Monetary Commitment and the Level of Public Debt
https://www.bankofcanada.ca/2016/02/staff-working-paper-2016-3/
We analyze the interaction between committed monetary policy and discretionary fiscal policy in a model with public debt, endogenous government expenditures, distortive taxation and nominal rigidities.2016-02-19T11:13:37+00:00enMonetary Commitment and the Level of Public Debt2016-02-19CredibilityFiscal policyInflation targetsMonetary policy frameworkStaff Working Paper 2016-3https://www.bankofcanada.ca/wp-content/uploads/2016/02/swp2016-3.pdfMonetary Commitment and the Level of Public DebtStefano GnocchiLuisa LambertiniFebruary 2016EE2E24E3E32E5E52Reconciling the Differences in Aggregate U.S. Wage Series
https://www.bankofcanada.ca/2016/01/staff-working-paper-2016-1/
Average hourly real wage series from the Labor Productivity and Costs (LPC) program and the Current Employment Statistics (CES) program have evolved very differently over the past decades.2016-01-21T11:09:15+00:00enReconciling the Differences in Aggregate U.S. Wage Series2016-01-21Business fluctuations and cyclesLabour marketsStaff Working Paper 2016-1https://www.bankofcanada.ca/wp-content/uploads/2016/01/swp2016-1.pdfReconciling the Differences in Aggregate U.S. Wage SeriesJulien ChampagneAndré KurmannJay StewartJanuary 2016EE0E01E2E24E3E30JJ3J30Extending the Labour Market Indicator to the Canadian Provinces
https://www.bankofcanada.ca/2016/01/staff-discussion-paper-2016-2/
Calculating the labour market indicator (LMI) at the provincial level provides useful insights into Canada’s regional economies and reveals differing trends in the state of underlying labour market conditions across provinces. Conclusions based on the Canadian LMI do not necessarily translate to the provinces. In most cases, the correlations between the provincial LMIs and the underlying labour market variables have the expected sign.2016-01-20T10:01:22+00:00enExtending the Labour Market Indicator to the Canadian Provinces2016-01-20Labour marketsRecent economic and financial developmentsStaff Discussion Paper 2016-2https://www.bankofcanada.ca/wp-content/uploads/2016/01/sdp2016-2.pdfExtending the Labour Market Indicator to the Canadian ProvincesAlexander FritscheKatherine RaganJanuary 2016EE2E24E27JJ2J21J23