E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T13:21:25+00:00Downward Nominal Wage Rigidity Meets the Zero Lower Bound
https://www.bankofcanada.ca/2017/04/staff-working-paper-2017-16/
We add downward nominal wage rigidity to a standard New Keynesian model with sticky prices and wages, where the zero lower bound on nominal interest rates is allowed to bind. We find that wage rigidity not only reduces the frequency of zero bound episodes but also mitigates the severity of corresponding recessions.2017-04-20T13:45:37+00:00enDownward Nominal Wage Rigidity Meets the Zero Lower Bound2017-04-20Inflation targetsLabour marketsMonetary policy frameworkStaff Working Paper 2017-16https://www.bankofcanada.ca/wp-content/uploads/2017/04/swp2017-16.pdfDownward Nominal Wage Rigidity Meets the Zero Lower BoundRobert AmanoStefano GnocchiApril 2017EE2E24E3E32E5E52Constrained Efficiency with Adverse Selection and Directed Search
https://www.bankofcanada.ca/2017/04/staff-working-paper-2017-15/
Constrained efficient allocation (CE) is characterized in a model of adverse selection and directed search (Guerrieri, Shimer, and Wright (2010)). CE is defined to be the allocation that maximizes welfare, the ex-ante utility of all agents, subject to the frictions of the environment.2017-04-20T13:21:02+00:00enConstrained Efficiency with Adverse Selection and Directed Search2017-04-20Economic modelsFinancial marketsFinancial system regulation and policiesMarket structure and pricingStaff Working Paper 2017-15https://www.bankofcanada.ca/wp-content/uploads/2017/04/swp2017-15.pdfConstrained Efficiency with Adverse Selection and Directed SearchMohammad DavoodalhosseiniApril 2017DD8D82D83EE2E24GG1JJ3J31J6J64April 2017 Annual Reassessment of Potential Output Growth in Canada
https://www.bankofcanada.ca/2017/04/staff-analytical-note-2017-5/
This note summarizes the Bank of Canada’s annual reassessment of potential output growth, conducted for the April 2017 Monetary Policy Report. Potential output growth is projected to increase from 1.3 per cent in 2017 to 1.6 per cent by 2020.2017-04-12T10:02:21+00:00enApril 2017 Annual Reassessment of Potential Output Growth in Canada2017-04-12A Canada-US Comparison of Labour Market Conditions
https://www.bankofcanada.ca/2017/04/staff-analytical-note-2017-4/
In this note, we provide a brief comparison of the recent developments in the labour markets in Canada and the United States. Our analysis indicates that slack remains in the Canadian labour market, while the US labour market is close to full employment.2017-04-12T10:01:21+00:00enA Canada-US Comparison of Labour Market Conditions2017-04-12Assessing Global Potential Output Growth
https://www.bankofcanada.ca/2017/04/staff-analytical-note-2017-3/
This note estimates potential output growth for the global economy through 2019. While there is considerable uncertainty surrounding our estimates, overall we expect global potential output growth to rise modestly, from 3.1 per cent in 2016 to 3.4 per cent in 2019.2017-04-12T10:00:07+00:00enAssessing Global Potential Output Growth2017-04-12